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Volvo Cars Tech Fund invests in electric car charging company FreeWire

Green Car Congress

Volvo Cars has acquired a stake in mobile EV rapid charging company FreeWire Technologies ( earlier post ) via the Volvo Cars Tech Fund. FreeWire is a San Francisco-based company that has been a pioneer in flexible fast-charging technology for electric cars. BP’s venturing business invested $5 million in FreeWire earlier this year.

Volvo 230
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Volvo Cars sales down 17.2% in February, share of electrified cars increased to 33%

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Sales of Volvo Cars’ Recharge models made up for 33.0% Recharge sales increased by 7.0% Recharge sales increased by 7.0% to 19,512 cars sold, with Recharge models making up more than half of total European sales during the month. The company is approaching its year-ago production levels, which is still below ambition.

Volvo 275
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China publishes plan to boost fuel-efficient and new energy vehicles and domestic auto industry; targeting 500K PHEVs and EVs in 2015, rising to 2M by 2020

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2012 Chinese Auto Industry Development Report. The fifth annual report on China’s auto industry—2012 Chinese Auto Industry Development Report—says that the next 20-30 years will be a “critical period” that will see the formation of a global new-energy vehicle industry.

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EC rolls out CARS 2020 action plan for European auto industry

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The intense competitive pressure is growing further and EU companies are increasingly being challenged in their home market, while developing opportunities in third markets. carry out competitiveness proofing exercise for major future initiatives, including those with a significant impact on the automotive industry.

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Montana Company Licenses Lawrence Livermore Zinc Air Fuel Cell Technology

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ZAI) has obtained exclusive rights from LLNL for the mechanically rechargeable zinc air fuel cell (US Patent 5,434,020) invented by John Cooper, a retired LLNL chemist, who is on the ZAI technical Board of Advisors. The Zinc/Air Fuel Cell allows for rapid refueling, as opposed to overnight recharging, which makes multiple shifts a reality.

Zinc Air 207
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HELLA and Vahle developing wireless charging systems for plug-in vehicles

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The cooperation between Vahle and HELLA combines the expertise and experience of both companies in the field inductive charging. Wireless, inductive charging is a far more convenient way to recharge a vehicle''s battery system. Wireless, inductive charging is a far more convenient way to recharge a vehicle''s battery system.

Plug-in 240
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VW Chief Executive Says Company Will Introduce EVs Based on the Up! New Small Family in 2013; Cautions Against Electro-Hype

Green Car Congress

However, Winterkorn said, VW, and the German auto industry in general, abandoned the early advantage and work in electromobility. A company such as Volkswagen must include all relevant technologies.” And the auto industry doesn’t hold back on announcements. VW and the electric car.

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