BorgWarner acquires Rhombus Energy Solutions

Rhombus

Tier 1 automotive supplier BorgWarner has acquired Rhombus Energy Solutions.

San Diego-based Rhombus provides EV charging and power conversion technology, including V2G applications. Rhombus supplies its patented technology to EV OEMs, including Proterra, as well as charging and grid service providers.

The transaction has an enterprise value of up to $185 million.

“The technology that Rhombus brings expands BorgWarner’s electric vehicle portfolio in North America and complements our existing European charging business,” said Frédéric Lissalde, President and CEO of BorgWarner. “This transaction strengthens our electric vehicle positioning as we look to power the entire propulsion system from grid to wheels. As a supplier to the automotive and commercial vehicle markets, we are not only delivering innovative technology for electric drivetrains, but we are also focused on supporting certain key elements of the infrastructure for electric mobility, including charging.”

Watch Tesla (TSLA) Cyber Roundup annual shareholder’s meeting and follow the news

Tesla (TSLA) is holding its annual shareholder’s meeting, which is now called Cyber Roundup, and you can watch it below while following all the most important news coming out of the event.

It starts today at 4:30 PM Central Time at Tesla Gigafactory Texas.

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Source: Charge Forward

Renogy 100W solar panel 2-pack can generate 500Wh per day at $183 in New Green Deals

Whether you’re trying to live an off-grid life or just want to offset some fossil fuel usage for the upcoming winter season, going solar is the way forward. Today, we tracked down a from Renogy which can generate up to 500Wh or 41Ah of electricity per day in ideal conditions for $183, which is up to below its normal going rate at Amazon. We also have a wide selection of Tesla, Greenworks, and other e-bike discounts in today’s New Green Deals, so you won’t want to miss that either.

Head below for other New Green Deals that we’ve found today and of course Electrek’s best EV buying and leasing deals. Also, check out the new Electrek Tesla Shop for the best deals on Tesla accessories.

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Source: Charge Forward

Gorgeous all-electric Ferrari Testa Rossa J being auctioned off to commemorate 1958 Le Mans

Past will meet future at Bonhams’ “Quail Auction” later this month, as an all-electric one-of-one Ferrari Testa Rosa J will be auctioned off with proceeds to support local youth in California. This 2022 EV is a scaled reproduction built and donated by The Little Car Company as a nod to one of the most iconic cars in Ferrari history. Check it out.

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The post Gorgeous all-electric Ferrari Testa Rossa J being auctioned off to commemorate 1958 Le Mans appeared first on Electrek.


Source: Charge Forward

Nikola Q2 2022 earnings: rising Tre BEV deliveries, remains on track for rest of the year

Nikola Motors is emerging from the dark after releasing its Q2 2022 earnings. After a strong performance, Nikola is trending again – this time for the right reasons.

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The post Nikola Q2 2022 earnings: rising Tre BEV deliveries, remains on track for rest of the year appeared first on Electrek.


Source: Charge Forward

Autonomy to offer up to 20,000 EVs through its subscription service

Autonomy, which offers electric vehicles to customers through a subscription model, has partnered with automotive retailer AutoNation in order to expand its vehicle offerings beyond the Tesla Model 3, and to expand its operations across the US.

Over the next 12-18 months, AutoNation will supply Autonomy with up to 20,000 EVs from several automakers. AutoNation will provide vehicle preparation and delivery services in connection with Autonomy customer activations, as well as maintenance, repair and reconditioning services.

“AutoNation and Autonomy’s shared vision for how consumers gain access to electric vehicles is the basis for this partnership,” said Scott Painter, founder and CEO of Autonomy. “This partnership allows Autonomy to drastically accelerate and diversify its vehicle lineup while paving a clear and aggressive path for national expansion. It also allows Autonomy to remain capital-efficient and infrastructure-light.”

Autonomy says its subscription model provides an easy and affordable option for those seeking an electric vehicle that does not require the long-term debt or commitment that comes with buying or leasing. Autonomy drivers have the flexibility to subscribe month-to-month after a three-month minimum period.

Battery recycling firm SiTration raises $2.35 million for its separation technology

Battery recycling technology startup SiTration has raised $2.35 million in pre-seed funding for hiring and for the development of its patented separation technology for materials extraction in battery recycling.

“By replacing the chemical and thermal separation methods used in battery recycling today with an electrified approach, SiTration is unlocking ultra-efficient recovery of materials foundational to a more sustainable future,” says co-founder and CEO of SiTration Brendan Smith.

“Built upon years of R&D at MIT, SiTration’s patented conductive membrane technology can reduce the energy needed for materials extraction by as much as 10 times, while enabling a recovery yield over 95 percent,” says the company.