Cleantech & EV'sNews

Rare earth element recycler Cyclic Materials to expand after $53M Series B funding round

September 27, 2024
A Canadian company called Cyclic Materials is working to create a circular supply chain for rare earth elements (REEs) using advanced recycling processes. The company just secured $53 million via a Series B equity round to accelerate its global expansion and recycling infrastructure. Cyclic Materials was founded in Toronto in the fall of 2021 following a successful seed round. From there, the Rare…
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Cleantech & EV'sNews

E-quipment highlight: Unic UM325 electric spider crane

September 25, 2024
The Furukawa Unic corporation expanded its line of pop-up “spider” cranes earlier this year with the launch of the battery-powered UM325 electric spider crane – and it looks every bit like it’s ready to be cast in a Michael Bay Transformers movie. Developed with the zero emissions/low noise job sites of Europe in mind, the Unic UM325 features a a high-capacity lithium-ion battery pack…
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Cleantech & EV'sNews

NIO's (NIO) new low-cost electric SUV paves the way for a 'brand revival' analyst claims

September 24, 2024
NIO’s (NIO) new Onvo L60, starting at just $21,200, paves the way for a “brand revival,” according to Deutsche Bank analyst Wang Bin’s team. The new low-cost electric SUV is crucial as NIO takes aim at market leaders like Tesla and BYD. NIO’s new low-cost electric SUV shines in debut On Thursday, NIO launched the Onvo L60, officially kicking off its new mass-market brand. The electric…
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Cleantech & EV'sNews

Kia eyes even cheaper $22K entry-level EV and new brand-building Stinger GT-like model

September 20, 2024
Kia wants to change the game with a series of cheaper EVs set to hit the market. Several are already rolling out, like the new EV3, but Kia aims to lower the bar further with a new entry-level EV, starting around $22,200 (€20,000). On the other end of its EV lineup, Kia is eyeing a new Stinger GT-like model. We got our first glimpse into Kia’s electrifying future during its first annual EV Day…
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