Moke to sell its shareholdings to EV Technology Group

Moke to sell its shareholdings to EV Technology Group

Moke International has agreed to sell up to 100% of its shareholdings to EV Technology Group (EVTG). EVTG says it specializes in electrifying iconic automotive brands and the strategic move comes as Moke International launches the new British-built Electric Moke. Moke International says it will benefit from EVTG’s product development, engineering and manufacturing capabilities. 

In a cash and stock transaction valued at $51.6 million, EVTG will own approximately 65% of Moke International and will maintain an option to acquire up to 100% of the remaining shares. The deal represents EVTG’s first full purchase of a major automotive brand. Moke International’s management team will all be retained as part of the deal and will continue to lead the brand’s expansion, the companies say. 

The Electric Moke covers up to 80 miles of range on a single charge and a full charge takes four hours via a Type 2 port.

You May Also Like

Diamond Foundry develops EV inverter using diamond wafers

The company says the power electronics unit is six times smaller than that of a Tesla 3.

Diamond_Foundry

Diamond Foundry (DF) created an electric car inverter leveraging its diamond wafer technology to enable more efficient electric cars, the company said. The power electronics unit is six times smaller than that of a Tesla 3 while delivering more power more efficiently. This new level of miniaturization is enabled through a smart design enabled by diamond wafers in composition with established silicon carbide dies.

GM invests in Niron Magnetics for EV motor magnets

GM will co-develop sustainable magnets with Niron Magnetics using iron nitride for potential use in future GM EV motors.

Niron Magnetics Investment
Daimler Truck North America partners with Hexagon Purus

Hexagon Purus’ zero-emission technology will be integrated into a battery electric vocational Freightliner eM2.

DTNA-partnership-1400
Loblaw adopts Volvo VNR electric trucks for grocery transport

The largest food/pharmacy retailer in Canada has selected Volvo’s VNR Electric for grocery delivery in Montreal.

Volvo-electric-truck-1400
Is deep-sea mining really needed for EV batteries?

The Blue Climate Initiative said next-gen batteries, now a third of the global EV market, reduce reliance on seabed metals.

Deep-Sea-Mining-1400

Other Posts

asTech expands remote OEM solutions to include Tesla

asTech’s diagnostic devices now offer over 99% coverage for authentic remote OEM scans on Tesla vehicles.

Tesla-Model-Y-1400
Cummins hydrogen-ICE engines to power concrete mixer trucks

The project aims to develop a full hydrogen eco-system together with a hydrogen producer, vehicle manufacturer and end user.

Cummins-Terex-Advance-Commander-FD5000-front-discharge-mixer-truck
Swedish researchers develop efficient metal recycling method

Chalmers University researchers used oxalic acid to recover 100% aluminum and 98% lithium from electric car batteries.

Chalmers Tech research
Ascend Elements, Koura partner on Li-Ion recycling project

The companies will collaborate on commercializing Hydro-to-Anode technology, providing a sustainable source of graphite.

Ascend_Elements_team_member-1400