The battery cell manufacturer has acquired a 4.22% stake in the electrification specialist, with whom KORE Power signed a partnership agreement for joint battery management development and battery cell supply last year. 

Nikola believes that, by bringing battery development and production for its Class 8 electric trucks in-house, it will be able to accelerate rollout and to bring down costs by USD350m per year from 2026.

At its event, 'Celebrate the Sun' the German tech firm unveiled a solar-powered retrofit solution, the 'Solar Bus Kit', which is targeted at operators of diesel buses who want to reduce their greenhouse gas emissions and save on fuel.

The battery manufacturer has relocated to a new site in Cypress, a move which it hopes will facilitate the expansion of its share in the electric vehicle battery market in the commercial, industrial/off-highway and marine sectors.

The Slovakian start-up will collaborate with the Polish manufacturer in developing a prototype battery cell which will then be tested during 2023.

Upon completion in 2024, the Gigafactory will expand the Polish company's annual production capacity of batteries for electric buses to 5 GWh.

Faurecia to supply high-capacity carbon fibre hydrogen storage systems for Zero Emission Valley project in the Auvergne-Rhône-Alpes region of France

Forsee Power and EDF Store & Forecast have signed a partnership to develop intelligent stationary electricity storage systems utilising used or ‘second life’ batteries from heavy-duty electric vehicles.

The automotive corporation has set up a new company called PowerCo which will be responsible for production at the facility - set to begin in 2025 - and for global marketing of battery products for the group.

Foxconn says it plans to invest TWD6bn (USD200m) in a new electric vehicle (EV) battery development and production centre in the island’s southern port city of Kaohsiung to underpin its expansion into the local automotive industry.

The corporation has made a EUR50m equity investment into Vulcan Energy, which is currently operating a zero-emission project in the Upper Rhine Valley for the extraction of critical vehicle battery elements.

Over the next five years, the German manufacturer will invest approximately EUR100m to prepare the Nuremberg facility for mass production of over 100,000 battery packs per year, starting with small-scale production in mid-2023.