Cleantech & EV’s

Major car suppliers in Germany say they are struggling with the high upfront costs of shifting to EVs and “slow demand,” with companies looking to lay off thousands of workers, as much as 20% of total staff in some cases, in the coming years. ZF Friedrichshafen, which makes transmissions, shock absorption systems, and chassis components for more than 55 auto brands and is Germany’s…

You can now buy Hyundai’s matte gold Disney-themed IONIQ 5 for under $60,000. Designed with Walt Disney Imagineering, the IONIQ 5 Disney100 Platinum Edition is every fan’s dream, and it’s on sale now. Hyundai’s IONIQ 5 was the fourth best-selling electric SUV in the US last year, with nearly 34,000 models handed over in a record year. With a “radical new approach,” Hyundai built…

Panasonic, makers of batteries for Tesla in the US, is delaying its plan to build a third battery plant in North America, according to Reuters. Panasonic Group CEO Yuki Kusumi told Reuters that the company is holding off on building a third plant as “demand for electric vehicles cools.” A third location was expected to be announced soon, and with it thousands of new jobs and the company…

Iveco just landed its largest electric bus contract to date, selling more than 400 battery electric city buses and a 10-year service contract to the city of Rome. The new deal has Iveco supplying 411 battery electric vehicles to ATAC S.p.A. | Azienda per la mobilità, Rome’s public transport company. The €300 million deal includes the purchase price for the buses – a mix of both 12 and 18…