News

Although electric vehicles took roughly six years to get from 1% to 10% of global market share, it will take just six more years to reach 80% adoption, an RMI report says.

Electric vehicle battery costs should fall below $100/kWh by 2026, according to BloombergNEF’s 2022 Battery Price Survey, making EVs much more affordable. In addition, without the fuel or maintenance costs of ICE vehicles, EVs will also be cheaper to operate, which could further spur adoption. In Norway, approximately 80% of all new cars sold last year were fully electric. 

The German group BAUER, one of the world market leaders in the production of medium and high-pressure compressors up to 500 bar, opened its new factory in Ghimbav, Brasov County. The official inauguration took place in October, in the presence of the owners of the BAUER group. The factory in Ghimbav already has a number of 150 employees, who work both in the production area and in the research and development area. From the portfolio of the BAUER group, Ghimbav produces both piston and screw compressors of different models, sizes, pressures for various applications.

Extreme fast charging (XFC) battery technology specialist StoreDot has signed a multi-year agreement with Volvo Cars to develop an optimised battery for next-generation Volvo cars.

This collaboration, with experts from Volvo Cars and StoreDot working together, will lead to the development of XFC cells which will be optimised and tailored for Volvo’s future electric vehicle architectures. It’s expected that the first samples will be delivered for testing next year.