Representing an approximate investment of USD600m, the new facility will be developed along “vertical production” principles a la Tesla, meaning that battery and vehicle assembly will take place at the same location.

YA II PN Ltd, a hedge fund managed by Yorkville Advisors, has agreed to invest an undisclosed sum in Sono Motors in order to keep it solvent until at least the end of 2024.

The acquisition, through its US subsidiary Komatsu America Corporation, will allow the Japanese company to develop and produce a full range of battery-powered vehicles and machinery in-house, starting with mining vehicles for the North and South American markets.

Hexagon will supply batteries, battery systems and the integration into DTNA’s battery electric Freightliner eM2 vocational trucks. Furthermore, the agreement encompasses power modules and power-take-off (PTO) technology.

Epsilon announced that it expects to break ground at a new 1.5 million-square-foot facility in 2024 with manufacturing beginning in 2026. Once at full capacity in 2031, the factory is to produce 50,000 tons of graphite anode per year.

At its stand, Webasto presented a mock-up of a passenger shuttle “installed” with components from its wide portfolio of electrical products.

The pilot line is housed in a new facility, dubbed ‘ONE Circle’, which is intended to support up to 20 GWh of annual production capacity when ramped up.

The benefits of stamped battery terminals, according to the company, include weight savings and greater energy cycling performance compared to diecast or forged terminals. 

Beginning in 2024, Modine’s facility in Pontevico, Italy will make products from the ‘EVantage’ line of thermal management systems, including battery thermal management and electronics cooling systems.

Beginning in 2024, the company will integrate its batteries, battery software and auxiliary modules into the unnamed North American OEM’s electric vocational trucks.

Employing 250 skilled workers, the centrally located facility will support the efficient production and distribution of complete BEV heavy-duty trucks for the North American market.

The deal includes the Proterra development centre for battery modules and packs in California and an assembly factory in South Carolina. Whilst details remain sparse at this point, the deal is expected to close in early 2024 and remains subject to the approval of the U.S. Bankruptcy Court.