When we first reported on Southern California-based electric bicycle and motorcycle company SONDORS preparing for an IPO late last year, the company was expecting to hit a $10 per share price point in the offering. But that number has since been revised to an estimate of $4-6 per share.
The post Electric bicycle and e-motorcycle company SONDORS slashes IPO price… again appeared first on Electrek.
Source: Charge Forward
Listen to a recap of the top stories of the day from Electrek. Quick Charge is available now on Apple Podcasts, Spotify, TuneIn and our RSS feed for Overcast and other podcast players.
The post Quick Charge Podcast: February 11, 2023 appeared first on Electrek.
Source: Charge Forward
At the time of its initial investment, Ford owned 12 percent of the promising EV startup.
Source: Electric Vehicle News
Subaru has issued another recall on its first electric car, the Solterra, due to undertorqued hub bolts, related to the previous recall which encompassed both the Solterra and bZ4X. 1,182 cars are affected, and Subaru has told owners not to drive their cars until the issue can be resolved.
The post Subaru again recalls 1,182 Solterras because… the wheels could fall off appeared first on Electrek.
Source: Charge Forward
In 2022, BYD sold the highest number of plug-in cars, but Tesla is #1 in the BEV segment.
Source: Electric Vehicle News
EvoCharge offers two power levels, different cable lengths, and a sleek, compact design. But does it have what it takes to be a top-rated EV charger? We find out.
Source: Electric Vehicle News
Redwood Materials, the battery recycling firm headed by Tesla alum JB Straubel, has received conditional commitment for a $2-billion loan from the DOE’s Loan Program Office as part of the Advanced Technology Vehicles Manufacturing Loan Program (ATVM). Redwood will draw upon this financing in tranches to support the phased construction and expansion of its battery materials campus.
As Redwood explains, the two most essential components in a battery are the anode and cathode. The cathode contains lithium, nickel and cobalt, and the anode contains copper and graphite. These components, which account for nearly 80% of the materials cost of a lithium-ion battery, are currently manufactured entirely overseas, predominantly in Asia.
Redwood is committed to manufacturing anode and cathode components in the US, and producing them from an increasing amount of recycled content. In January, the company began producing anode copper foil at its Northern Nevada facility. Phase One of copper foil production is now complete, and Redwood expects to begin cathode qualification later this year.
Panasonic will be the first of several partners to source Redwood’s copper foil, which it will use for cell production at Tesla’s Nevada Gigafactory. Panasonic will also use Redwood’s cathode material for battery cell production at its new Kansas plant, which is expected to come online in 2025.
Redwood will use the DOE’s 2 billion big ones to accelerate the construction and expansion of its battery materials campus, where the company aims to produce 100 GWh per year of ultra-thin battery-grade copper foil and cathode active materials from both new and recycled feedstocks—enough battery materials to produce more than a million EVs per year from US-made components.
“We have been working closely with the Loan Programs Office for more than a year, and have undergone an extensive diligence process that thoroughly reviewed our technology, our ability to repay the loan, product demand, and dozens of other factors to get to this stage,” says Redwood. “Our project allows battery and automotive manufacturers to meet the new stringent critical mineral and battery component requirements [of] the Inflation Reduction Act. These policies support the localization of the battery supply chain—Redwood’s core mission—and our operations ensure that the American battery industry has the necessary materials needed to successfully transition the US to a clean energy and clean transportation future.”
Source: Redwood Materials
Source: Electric Vehicles Magazine
A Tesla Full Self-Driving Beta smear campaign is reaching a whole new level as it is going to have a Super Bowl ad, according to the people behind the campaign.
The post Tesla Full Self-Driving Beta smear campaign is getting turned into a Super Bowl ad appeared first on Electrek.
Source: Charge Forward
December was a record month with more than 1.2 million units sold around the world.
Source: Electric Vehicle News
In this week’s dive into the deep end of the Alibaba pool, we’ve floated back to the surface with an interesting looking electric UTV designed for flying fast over rugged terrain. It may not compete with the best offerings currently found in the industry, but neither do most of the vehicles we dredge up for the Awesomely Weird Alibaba Electric Vehicle of the Week column.
The post Weird Alibaba: Would you buy a 50 hp electric UTV from China to save money? appeared first on Electrek.
Source: Charge Forward
