Poised to grow to 10 million in 2025 and surpass conventional vehicles by 2040, electric vehicles (EVs) will create a US$2 trillion eMobility opportunity for utility companies, according to new research from Accenture (NYSE: ACN). ...  more

ChargeWheel, which provides the first clean, on-demand mobile charging hub for micromobility fleets and electric vehicles, announced today that it has secured $1 million in seed funding from Right Side Capital. An additional multimillion-dollar funding round is expected to close later this year. ...  more

Tesla has announced earlier this year that the company will be closing most of its physical retail stores across the US as part of an overall effort to shift all of its sales online. Only a few flagship stores will remain open for displaying products. ...  more

Swedish car maker Volvo has started testing of the world's first full-sized driverless electric bus in Singapore from March 5. ...  more

Japanese auto giant Honda announced in a press release on 5 March – the first day of this year’s Geneva Motor Show – that it has set the goal of adopting electric power trains for all of its four-wheeled vehicles sold in the European market by 2025. ...  more

Three years after acquisition of SolarCity, Tesla has made significant progress in the development PV products, as evidenced by the growing interests on the market in its energy storage system Powerwall, according to the study of EnergySage. ...  more

Hyundai Mobis (KRX:012330) sought to leverage hydrogen fuel cell modules, which were applied to hydrogen fuel cell electric vehicles, to introduce the hydrogen power generation system that supplies power to buildings. It is the first in the world to produce the core parts of hydrogen fuel cell electric vehicles in a dedicated factory. The company applied its own technology to power generation systems, thus drawing a great deal of attention to its innovative spirit. ...  more

WiTricity, the industry pioneer in wireless power transfer, has announced the acquisition from Qualcomm Incorporated and Qualcomm Technologies, Inc. of certain technology platform and IP assets, which will bring over 1,500 patents and patent applications related to wireless charging that WiTricity will own or control. Through the transaction, Qualcomm Incorporated will become a minority WiTricity shareholder. ...  more

South Korea’s LG Chem announced on January 9 that it will invest KRW 1.2 trillion (USD 1.07 billion) to expand its two battery production plants located in the Chinese city of Nanjing. The initiation of this capacity expansion program is in response to the rising demand in China for powertrain batteries used in electric vehicles (EVs) and cylindrical batteries used in various electronic products. ...  more