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Nikola in need of new source of money to continue its business

Media reports say that the manufacturer has got the money to survive no longer than one quarter in 2025. Nikola managed to sell something like 200 hydrogen fuel cell trucks in the first 3 quarters of the year. At the same time, the company has been facing trouble for quite a long time, with the need...
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batteries

Northvolt inaugurates lithium-ion battery cell production in Sweden

Peter Carlsson, CEO and Co-Founder of Northvolt, said: “Today is a great milestone for Northvolt which the team has worked very hard to achieve. Of course, this first cell is only the beginning. Over the course of the coming years, we look forward to Northvolt Ett expanding its production capacity g...

Lightning eMotors EVs to rely on CATL battery systems. Partnership announced

CATL battery products will be available to Lightning in two pack options – a 30 kWh battery and 35 kWh battery – for a total of more than 175 megawatt-hours of battery capacity. Additionally, Lightning eMotors is working with CATL and CSI to design and install contactor safety switch systems on CATL...
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Proterra announces new EV battery plant in South Carolina

Proterra, which has just appointed Gareth Joyce as CEO, has committed to a minimum investment of at least $76 million, with additional investments planned over the next several years, and expects to create more than 200 new jobs over the next several years at the 327,000 square foot battery system p...
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