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BorgWarner acquires Italy-based EV charging industry

Baua Electric

On-board chargers convert AC energy from resources similar to house plug retailers into DC energy that may rate EV battery packs. The purchase goal is anticipated to generate about $27 million in earnings this past, and BorgWarner expects to extend gross sales to $273 million by way of 2027.

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BorgWarner acquires EV charging industry in Italy for roughly $80 million

Baua Electric

On-board chargers convert AC energy from assets corresponding to house plug shops into DC energy that may rate EV battery packs. The purchase goal is predicted to generate about $27 million in income this presen, and BorgWarner expects to develop gross sales to $273 million through 2027.

Italy 52
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Renault-Nissan Alliance, CEA and FSI to Form Joint Venture to Develop and Manufacture Batteries for Electric Vehicles

Green Car Congress

The Renault-Nissan Alliance, the French Atomic Energy Commission (CEA) and the French Strategic Investment Fund (FSI) signed a letter of intent to set up a joint venture company that would develop and manufacture batteries for electric vehicles, under the patronage of Christian Estrosi, the French Minister for Industry. Earlier post.).

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Frost & Sullivan forecasts rapid growth in tire pressure monitoring systems market; $386.6M by 2018

Green Car Congress

As sensor batteries typically last for six to 10 years, this mandate will drive breakage replacements in the forecast period and end-of-battery-life replacements beyond 2018. On the other hand, TPMS direct sensors installation in the US will spike due to battery replacements, malfunctions, and winter tire replacements.

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Accelerating green wheels: BYD’s EV lease deal with Arval will electrify Europe’s roads

Baua Electric

We saw the automaker break ground on its first sodium-ion battery plant, unveil the first sedan under its new luxury brand Yangwang, and tease its Sea Lion 07 SUV , designed to compete against the Model Y. Europe is a crucial market for BYD’s success this year, which it anticipates will equate to $4 billion in net income.

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Ford to introduce 7 new electric cars and vans in Europe by 2024; plans for new battery plant

Green Car Congress

With its extended range of electric passenger and commercial vehicle models, Ford expects its annual sales of electric vehicles in Europe to exceed 600,000 units in 2026, and also reaffirmed its intention to deliver a 6% EBIT margin in Europe in 2023. New battery gigafactory in Turkey.

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Ford Model e unit announces massive expansion of EV initiative in Europe: 7 new EVs by 2024

Teslarati

Ford is turning some focus toward this market as it is likely to be one of the biggest catalysts to EV sales company-wide. Ford said it expects annual sales in Europe to exceed 600,000 units in 2026, reaffirming its intention to deliver a 6 percent EBIT margin in Europe in 2023. New battery partnership with SK On Co.,

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