EV Connect, Inc. has been acquired by Schneider Electric.
EV Connect says Schneider Electric’s acquisition will enable the company to accelerate its growth. Along with the current management team, CEO and founder Jordan Ramer will continue to lead EV Connect’s operations as a distinct subsidiary, with a continued focus on customer service and the company’s overall mission.
SSE’s electrification capabilities in China are expected to complement BorgWarner in Europe and North America.
BorgWarner has agreed to acquire the electric vehicle solution, smart grid and smart energy businesses of Hubei Surpass Sun Electric (SSE). The transaction has an enterprise value of up to RMB 410 million (approx. $59.36 million).
Headquartered in Xiangyang, Hubei province, China, SSE’s electrification business supplies patented electric vehicle charging solutions to customers in China and more than 70 other countries. SSE says it has delivered over 50,000 charging points and has led the engineering, procurement, and construction (EPC) of more than 250 charging station sites. SSE’s charging and electrification capabilities in China are expected to complement BorgWarner’s existing capabilities in Europe and North America, the companies say. SSE’s 2022 revenues for the electrification business are expected to be approximately RMB 180 million (approx. $26.06 million).
Qnovo is working to integrate its software with the NXP battery management system, leading to reduced EV development costs.
Demand for the charging units is expected to grow in the U.S. to nearly 27.5 million by 2030, up from 1.3 million in 2021.
The companies have committed $3.5 billion in the facility, with their overall investment projected to reach $4.4 billion.
StoreDot is expanding with the official opening of its first U.S. research facility in Irvine, California.
Committee members will advise on emerging trends and provide direction on enhancing the association’s sustainability efforts.
California Governor Gavin Newsom’s office claims the state is home to 55 ZEV-related manufacturing companies.
Engineers can fast-charge EVs with up to 350 kilowatts under all climatic conditions, even extreme heat, the company says.
BorgWarner is building upon its 400V inverter business by now supplying 800V silicon carbide-based inverters.
