Chipmaker Wolfspeed Inc. on Monday announced a deal with General Motors to supply silicon carbide power devices for future electric vehicle programs, as Wolfspeed changed its name from Cree Inc. Wolfspeed technology will be used in integrated power electronics in GM’s Ultium Drive system, for upcoming electric vehicles, the two companies said. Cree Inc. shares…
Chipmaker Cree Changes Name to Wolfspeed, Strikes Deal With GM on Battery Tech
October 4, 2021
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In Electric Vehicle Push, Onsemi to Buy GT Advanced Technologies for $415 Million
Onsemi said on Wednesday it would buy GT Advanced Technologies, a manufacturer of a key material used in chips for electric vehicles called silicon carbide, for $415 million in cash. The move is a major push further into electric vehicles for Onsemi, which already supplies other automotive chips such as sensors in driver safety systems….
BlackRock Jumpstarts Australia’s Electric Charger Network With $100M
The world’s largest investment fund BlackRock will invest $100 million (US$72 million) towards the rollout of 5,000 electric vehicle charging stations across Australia. BlackRock Real Assets will acquire a stake in Australian electric vehicle (EV) charging provider JOLT Charge and will support its expansion by helping to build infrastructure that will encourage Australians to take…
Biden’s Target of Electric Power in Half of All U.S. Vehicle Sales by 2030 is a Bonanza for China
News Analysis When President Joe Biden announced in the White House August 5 that he wants half of all cars and trucks sold in the United States to be Electric Vehicles (EV) by 2030, the loudest applause may well have been in Beijing. Biden told an assembly of labor and political leaders as well as…
Biden’s Target of Electric Power in Half of All US Vehicle Sales by 2030 is a Bonanza for China
News Analysis When President Joe Biden announced in the White House August 5 that he wants half of all cars and trucks sold in the United States to be Electric Vehicles (EV) by 2030, the loudest applause may well have been in Beijing. Biden told an assembly of labor and political leaders as well as…
NTD Business Full Broadcast (Aug. 5)
President Biden announces an ambitious goal: he wants half of all vehicles sold in 2030 to be emission-free. A few industry executives were invited, but there was one notable absence. The U-S trade deficit jumped to a record high in June. What’s behind it? And the world’s second most valuable blockchain, Ethereum, gets a major update. We look at…
Nissan Bets Big on UK With EV Battery Plant and New Crossover
SUNDERLAND, England—Nissan Motor Co bet on Britain to supercharge its European electric future on Thursday, pledging $1.4 billion with its Chinese partner to build a giant battery plant that will power 100,000 vehicles a year including a new crossover model. Facing the most profound technological shift in a century, the titans of the auto industry…
GM Escalates the Electric Vehicle Arms Race
DETROIT—General Motors on Wednesday boosted its spending on electric and autonomous vehicles, pulled ahead plans for two U.S. battery plants and forecast stronger-than-expected second-quarter profits. The No. 1 U.S. automaker said it will now spend $35 billion through 2025 on electric vehicles, an increase of 75 percent from March 2020 before the COVID-19 pandemic shut…
Australian Electric Car Charging Company to List for Over $1.4B on NASDAQ
An Australian manufacturer of electric vehicle (EV) fast-chargers based in Brisbane has announced a merger that will see the company listed on the NASDAQ for US$1.4 billion. Tritium already services a worldwide market across 41 countries and is banking on the continued expansion of the electric passenger vehicle market with expectations of 20 percent growth…
White House Denies Report That Biden Looks Overseas for Electric Vehicle Metals
WASHINGTON—The White House reacted to a media report that stated President Joe Biden, to please environmentalists, is planning to import most of the metals needed for electric vehicle production instead of sourcing from U.S. miners. Reuters reported on May 25 that the United States would source metals from ally countries like Canada, Australia, and Brazil…
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