Xiaomi Completes Commercial Registration of Electric Vehicle Unit

Chinese smartphone giant Xiaomi said on Wednesday that it has completed the official business registration of its electric vehicle unit, marking the latest milestone in its advancement in the automotive sector. The new facility, to be called Xiaomi EV, was opened with registered capital of CNY 10 billion (about INR 11,290 crores) and Xiaomi CEO … Read more

Electric vehicle charging network in Great Britain will be greatly expanded by Shell, will install 50,000 poles by 2025

Royal Dutch Shell on Wednesday announced plans to widely expand its network of electric vehicle charging points in Britain, with the goal of installing 50,000 street stations by 2025. Shell will implement the plans through Ubitricity, an on-street charging point company it acquired in February and which operates around 3,600 chargers in Britain. The expansion … Read more

Amazon-backed electric vehicle manufacturer Rivian Archives for IPO

Electric vehicle maker Rivian said it has confidentially filed an initial public offering with regulators, setting the stage for a successful year-end market debut as it appears to enter a bullish IPO market in the United States. Rivian, which counts Amazon.com, Soros Fund Management and BlackRock among its top investors, will seek a valuation of … Read more

Electric vehicle startups looking for low-cost roads for mass production

Electric car and van startups racing to become the next Tesla all want to avoid Elon Musk’s journey through “manufacturing hell.” But electric vehicle companies like British van company Arrival SA and Fisker are taking very different paths to overcome the challenges of the profitable mass production that nearly broke Tesla. Some have found investors … Read more

The Electric Vehicle Boom Is New to Automated Machinery Manufacturers

The increased investment by new and established automakers in the electric vehicle market is a bonanza for factory equipment manufacturers that provide highly automated pickaxes and shovels to miners in the EV gold rush. The good times for manufacturers of robots and other factory equipment reflect the broader recovery of manufacturing in the United States. … Read more