February 2022

Volvo-Northvolt joint venture battery plant due in 2025, could supply for 500,000 EVs annually

Volvo and Swedish battery firm Northvolt on Friday announced a new battery plant, near the automaker’s main assembly plant in Gothenburg, Sweden. Scheduled to open in 2025, the joint-venture plant will have a “potential” annual battery cell production capacity of up to 50 gigawatt-hours, which would be enough for 500,000 EVs annually, Volvo said… Source: […]

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Tesla’s $1.5 billion bitcoin investment worth almost $2 billion by the end of 2021

In its recently filed Form 10-K to the US Securities and Exchange Commission, the EV maker revealed that the fair market value of its bitcoin holdings amounted to $1.99 billion as of the end of 2021. Tesla initially invested $1.5 billion in bitcoin during the first quarter of 2021.  Bitcoin is a digital asset, and

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SpaceX Falcon Heavy rocket celebrates 4th launch debut anniversary

On the fourth anniversary of SpaceX’s Falcon Heavy launch debut and after an unusual multi-year hiatus, the world’s most powerful operational rocket could be on the brink of an impressive salvo of launches. Four years ago yesterday, on February 6th, 2018, Falcon Heavy lifted off from NASA’s historic Kennedy Space Center (KSC) Pad 39A launch

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Tesla and the EV sector’s growth is driving up lithium, cobalt, and nickel prices

The electric vehicle revolution is fully underway. Led by successful vehicles like the Tesla Model 3, which are compelling alternatives to comparable internal combustion cars, EV sales are taking off. The momentum of EVs as a whole may hit some challenges soon, however, partly due to the rising prices of raw materials that are critical

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USPS announces plans to order 5,000 EVs & achieve 70% fleet electrification

On Sunday, February 6, the United States Postal Service (USPS) announced plans to submit an initial order for 5,000 electric delivery vans. The announcement was made to show that the USPS is committed to the fiscally responsible rollout of electric-powered vehicles for America’s largest federal fleet.  The Postal Service all announced plans to achieve 70%

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