Towards the end of last year, Faraday Future was said to have secured some fresh source of funding. The electric car start-up has now confirmed receipt of $2 billion to aid in the construction of its first EV by the end of the year.
Hyundai is partnering with Wärtsilä, a Finnish energy storage firm, to make use of the so-called second life electric car batteries for stationary energy storage.
NIO is constructing a production factory in Shanghai and has a ready team of more than 5,000 engineers at its research center. The company aims to have its first car, the ES8 Sports Utility Vehicle, mass produced and ready for sale by the end of 2018.
An Australian graphite business plans to make concrete that will conduct electricity and charge electric vehicles as they drive, among other intriguing tasks.
Jaguar has overtaken its European competition and unleashed a brand that fully utilizes two of the rapidly growing segments in the auto industry; electric vehicles and SUVs.