BorgWarner Inc. and AKASOL AG announced that they have signed a Business Combination Agreement ("BCA") to position BorgWarner to significantly expand its commercial vehicle electrification capabilities. As part of the agreement, a wholly-owned subsidiary of BorgWarner will launch a voluntary public takeover offer at €120.00 per share in cash for all outstanding shares of AKASOL ("the Offer"). Holders of approximately 59% of AKASOL's outstanding shares have committ

PPG announced the introduction of a digital styling program that enables automotive designers to execute exceptionally realistic three-dimensional modeling of automotive colors and effects on virtual car designs and surfaces. Exclusive to the program is the PPG proprietary “speed shape” that incorporates all the complex shapes, edges, curves and flat surfaces that would comprise any type of automobile. Developed by PPG, the digital vehicle model is designed to depict the

Advanced silicon-based lithium-ion (Li-ion) batteries for ultra-fast charging and high energy density for markets such as electric vehicles (EVs) Technology pioneer Enebate has announced that it has secured $ 81 million in Series E funding led by the Fidelity Management & Research Company. This adds new resources to us aimed at accelerating the global mass adoption of Enebate's unique battery technology for electric vehicles. Existing investors Mission Ventures and Infinite Potential

Enevate, a pioneer in advanced silicon-dominant lithium-ion (Li-ion) battery technology featuring extreme fast charge and high energy density for electric vehicles (EVs) and other markets, announced that it has secured a $81M Series E funding led by Fidelity Management & Research Company, providing the company with additional new resources aimed at accelerating global mass adoption of Enevate’s unique battery technology in electric vehicles. Existing investors, Mission Ventures and

Hyliion Holdings Corp., a leader in electrified powertrain solutions for Class 8 commercial vehicles, announced the introduction of its next generation battery module which integrates Toshiba’s LTO cells with Hyliion’s technology advancements to achieve longer battery life, higher charging rates and improved safety. Building on Hyliion’s proprietary battery system, the battery module will be incorporated into the next evolution of Hyliion’s Hybrid system. &ld

Toyota Motor North America (TMNA) announced plans to debut in the U.S. market this year, three new electrified models – two BEVs and a PHEV. "We continue to be leaders in electrification that began with our pioneering introduction of the Prius nearly 25 years ago," said Bob Carter, TMNA executive vice president of sales. "Toyota's new electrified product offerings will give customers multiple choices of powertrain that best suits their needs."

Koch Strategic Platforms ("KSP"), a subsidiary of Koch Investments, today entered into a strategic partnership with EVBox, a pioneer in developing charging station solutions for electric vehicles ("EV") announced. KSP is a newly formed company evaluating growth opportunities and investments in companies operating in the new economy. KSP aims to be the partner of choice beyond capital investments by leveraging Koch Industries' resources and capabilities. Not only by cre

Hyzon Motors Inc., the industry-leading global supplier of zero-emissions hydrogen fuel cell powered commercial vehicles, and Decarbonization Plus Acquisition Corporation ("DCRB") announced a definitive agreement for a business combination that would result in Hyzon becoming a publicly listed company. Hyzon, headquartered in Rochester, New York, is a differentiated, pure-play, independent mobility company with an exclusive focus on hydrogen in the commercial vehicle market

Allison Transmission, a leading designer and manufacturer of vehicle propulsion solutions for commercial and defense vehicles, in partnership with GILLIG, a leading manufacturer of heavy-duty transit buses in the United States, today announced that beginning in 2021, GILLIG will offer Allison’s eGen Flex™ electric hybrid propulsion system. “GILLIG and Allison have partnered for nearly 50 years to provide the highest-quality buses for our customers and the people th

Aucnet Inc., an information distribution support service provider based in Tokyo's Minato-ku, and MIRAI-LABO Co., Ltd. headquartered in Hachioji City, Tokyo, a company developing various energy-saving environmental products based on photovoltaic paving panels, lithium-ion battery uninterruptible switching technology, and LED reflector lighting technology, will launch a joint project to enter the used EV battery recycling and distribution business in February 2021. With its uniqu

Baidu, Inc. deployed a multi-modal autonomous driving MaaS (mobility as a service) platform that will provide AI-driven city transportation services in Guangzhou. Utilizing a fleet of Apollo Robotaxis and Robobuses along with three other model types of autonomous vehicles, this initiative will allow local users to order smart transport services on demand, starting in the Chinese New Year holiday period. The implementation of both Baidu Apollo and the ACE Transportation Engine is a testament t

Volta Industries, Inc. ("Volta"), an industry leader in commerce-centric electric vehicle ("EV") charging networks, and Tortoise Acquisition Corp. II (NYSE: SNPR), a publicly traded special purpose acquisition company with a strategic focus on energy sustainability and decarbonizing transportation, today announced they intend to merge. Upon the closing of the transaction, the combined entity will be named Volta Inc. and remain on the New York Stock Exchange ("NYSE&quo

Goodyear Ventures has added TuSimple, a global autonomous trucking technology company, to its growing investment portfolio. TuSimple operates self-driving trucks out of their facilities in Arizona, Texas, China, Japan and Europe using an ecosystem made up of digital maps, strategic terminals and an autonomous fleet operations system. Driven by a mission to increase safety, decrease transportation costs and reduce carbon emissions, TuSimple is developing a commercial-ready Level 4 au

Luokung Technology Corp., a leading interactive location-based services company in China,  announced that its previously announced acquisition candidate, eMapgo Technologies (Beijing) Co., Ltd. ("EMG") and Beijing New Energy Automobile Co., Ltd. (BAIC BluePark New Energy Technology Co., Ltd., Ticker: 600733.SH) ("BAIC BJEV") have agreed to collaborate on the development of autonomous driving projects for BAIC BJEV's electric vehicles (EVs). EMG recently

Meritor, Inc. announced that production of its 14Xe™ all-electric, fully integrated, commercial electric powertrain for medium- and heavy-duty commercial vehicles will begin mid-2021. Meritor received the first Class 8 truck production contract for electric powertrains in the industry in early 2020. Part of Meritor's Blue Horizon™ advanced technology portfolio, the 14Xe ePowertrain is the only electric powertrain for Class 8 trucks ready for production, bringing the