Technology

Dutch materials company E-magy has raised €20.5M in funding to prepare for industrial-scale production of their innovative silicon-dominant anode material for electric vehicle batteries. The material prevents batteries from swelling and breaking, delivering 40% higher energy density and enabling faster charging.

This California startup has figured out the best way to reuse electric car batteries – by repurposing them for energy storage.

Elon Musk opened Tesla's first manufacturing facility in Europe on March 22, as he seeks to take pressure off of other factories across America and China and meet the growing demand for EVs across Europe.

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.