The merger with ElectraMeccanica, which is expected to complete in the fourth quarter of this year, is being made with the view of combining industrial assets on both sides of the Atlantic and scaling up electric vehicle production for the European and North American markets. 

It is believed that a defective component was responsible for a coolant leak which led to a truck fire at Nikola headquarters on 23 June, according to the findings of a third party investigation.

Kempower is currently establishing an electric vehicle (EV) charging station production facility in Durham, North Carolina, the United States. Joyce will oversee this project as well as the strategy to grow the company throughout North America.

The partnership could be worth up to USD 1 billion and in a statement, BorgWarner said ‘it plans to integrate Onsemi’s EliteSiC 1200 V and 750 V power devices into its power modules for traction inverters.’

The patented software helps detect early battery defects and will aid GM in developing an early hazard detection system for batteries. The value behind this software is that it doesn’t require additional hardware or sensors to monitor minor changes that have the potential to impact battery health.

The 64,000 square metre facility in San Luis Potosi will house a new manufacturing facility for power electronic components and electric motors with 380 new jobs to be created over the next five years. The facility is planned to come on line incrementally with phase 1 beginning in Q2 2024.

The company has acquired two Seattle-based companies, Integrated Systems and Controls and InControl in order to strengthen its HVAC business in North America.

The ZEV4 truck is available in several variants (box truck, stake bed truck, dump truck, utility truck or cargo delivery vehicle) and is equipped with 120 kWh batteries located within the frame rails, delivering 241 horsepower, and offers up to 210 km (130 miles) of range on a single charge.

The project is to bring together the new Fuso eCanter, which was launched earlier this year, and Ample’s Modular Battery Swapping technology. The eCanter is to be installed with modular batteries that can be automatically exchanged at Ample battery swapping stations in a targeted time of five minutes.

By the end of 2023, the factory will be producing up to 2,500 electric school buses a year whilst employing 1,400 new staff members.

Proterra, whose shares nearly halved in value after the bell on Monday the 7th of August 2023, listed its assets and liabilities in the range of USD 500 million to USD 1 billion. The company says it has a market value of USD 309 million and is currently trading at USD 0.15 a share as of Thursday the 10th of August.

Lohscheller will be replaced by Board Chairman Stephen Girsky, a former General Motors executive. Girsky will remain on the Board of Directors and Steve Shindler, a Director since October 2020, will serve as Chairman of the Board.