💰$521M Boost for National EV Charging Network...

August 29, 2024

Happy Thursday!  We have some great EV content today including:

• $521 million in grants to expand the national EV charging network

• SAMSUNG SDI and GM finalize an agreement

• ChargePoint and Daimler Buses partner

• South Korea to advance EV battery certification

• Lucid Motors planning three more EVs

Scroll for more and enjoy your Labor Day weekend! 

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Top EV News Stories

1. The Biden-Harris Administration is awarding $521 million in grants to expand the national EV charging network, deploying over 9,200 EV charging ports across 29 states, eight federally recognized tribes, and the District of Columbia.

2. Samsung SDI and General Motors will invest approximately $3.5 billion to build an EV battery plant in New Carlisle, Indiana, with an initial capacity of 27 GWh and a production target of 2027, creating over 1,600 jobs and supporting the growth of the U.S. EV market.

3. ChargePoint has partnered with Daimler Buses to integrate its telematics and charge management systems with Mercedes-Benz and Setra buses.

4. South Korea's government is expediting an EV battery certification program to enhance EV safety after a series of fires, requiring automakers to identify the batteries used in their vehicles and implementing stricter safety measures in response to public concerns.

5. Lucid Motors plans to expand its portfolio with three more affordable EVs, including a mid-size sedan, a sports coupe, and a crossover, aimed at making EVs more accessible to a broader market by 2026.

6. Michael Lohscheller, a seasoned automotive leader with experience as CEO of Opel, VinFast, and Nikola, will become the CEO of Polestar.

7. HEVI has unveiled the H65L, North America's largest all-electric wheel loader, offering zero emissions, lower operating costs, and high performance with advanced features like extended runtime and faster charging.

8. Hyundai Motor has unveiled its "Hyundai Way" strategy, focusing on electrification, expanding its hybrid and EV lineup, enhancing battery and autonomous vehicle technologies, and investing $90B by 2033 to target 5.55 million annual global sales, including 2 million EVs by 2030.

9. Nearly 40% of European high-end buyers are considering purchasing their first EV in the next 12 months.

10. LG Electronics will showcase its innovative energy storage systems and advanced HVAC technologies through a mobile showroom at RE+ 2024, offering hands-on experiences to help installers and partners drive residential and commercial electrification.

11. Allianz Partners India and Pulse Energy have formed a strategic partnership to enhance the EV ownership experience in India by integrating Allianz’s mobility assistance with Pulse Energy’s advanced EV charging and roaming solutions, offering features like real-time charger access, remote charging control, and AI-driven support.

12. EVs are increasingly popular, with four in ten Americans considering them due to their cost savings and environmental benefits.

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