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e-mobility

Tata Technologies to acquire ES-Tec Group for €75 million

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Tata Technologies, a product engineering and digital services company, has entered into a definitive agreement to acquire 100 percent equity shares of ES-Tec GmbH and its subsidiaries (collectively, ES-Tec Group) for a total cash consideration of €75 million.

The consideration will be paid over the next two years and includes performance-based earn-outs linked to strategic milestones. The transaction is expected to be EPS accretive from the first full year of operations itself.

Founded in 2006 and headquartered in Wolfsburg, Germany, ES-Tec Group is a premium automotive engineering services provider with deep domain expertise in Driver Assistance Systems (ADAS), Comfort Electronics, and E-Mobility. [Read more…] about Tata Technologies to acquire ES-Tec Group for €75 million

ZF opens new e-mobility manufacturing plant in China

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ZF has opened a new e-mobility plant, known as ZF Electric Mobility Systems, Shenyang.

As ZF’s third e-mobility plant in China, Shenyang plant gathers ZF’s advanced technology and innovative concepts, and will produce and sell advanced products such as electric axle drives for new energy vehicles, to provide more high-quality and high-efficiency e-mobility solutions for customers in China and the world.

The main products of the Shenyang plant are the electric axle drives for new energy vehicles. Its core components are based on ZF’s modular kit electric drive platform and cover both front and rear axles, including motors, power electronics and reducers. [Read more…] about ZF opens new e-mobility manufacturing plant in China

Autonomous e-Mobility Awards 2024: Qatar recognizes visionaries, innovators, and startups at prestigious ceremony

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The Autonomous e-Mobility (AEMOB) Forum 2024 concluded with presenting the AEMOB Awards, recognizing individuals and organisations that have demonstrated outstanding commitment, innovation, and leadership in moving the driverless e-mobility industry forward.

The accolades’ first category, the AEMOB Visionary Award, celebrates individuals who have exemplified exceptional leadership in their field. The recipient of the AEMOB Visionary Award was His Excellency Jassim Saif Ahmed Al Sulaiti, the Minister of Transport.

His unwavering dedication to advancing modern mobility has set a remarkable precedent for the industry and for the State of Qatar. Under his stewardship, the country’s public transportation has undergone a significant transformation, with over 70 percent of its fleet now electrified.

[Read more…] about Autonomous e-Mobility Awards 2024: Qatar recognizes visionaries, innovators, and startups at prestigious ceremony

Mowasalat Forges Partnership with the Autonomous e-Mobility Forum to Drive Innovation and Business Collaboration

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The Autonomous e-Mobility Forum (AEMOB) continues to surge forward in the global conversation on autonomous e-mobility, with the Ministry of Transport serving as the host and strategic partner.

A significant addition to the Forum is Mowasalat, a leading transportation provider in Qatar, recognized for its commitment to mobility innovation and growth.

Mowasalat joins AEMOB as the transportation partner, showcasing their dedication to shaping the international discourse around autonomous e-mobility and sustainable transport. [Read more…] about Mowasalat Forges Partnership with the Autonomous e-Mobility Forum to Drive Innovation and Business Collaboration

E-mobility manufacturer orders test benches for e-drives from teamtechnik valued at ‘several million euros’

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An original equipment manufacturer in the e-mobility sector has ordered test benches for electric drives from teamtechnik valued at “several million euros”.

For teamtechnik, the turn of the year was a success. The year 2020 ended with the announcement that machine and system builder Dürr is coming aboard at teamtechnik with a majority shareholding of 75 percent.

Simultaneously, teamtechnik received a major contract – one of the world’s largest e-mobility OEMs commissioned the company to build test benches for electric drives. [Read more…] about E-mobility manufacturer orders test benches for e-drives from teamtechnik valued at ‘several million euros’

ABB establishes new R&D center for electric vehicle technology

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ABB says it is “underlining its market leading position” in electric vehicle charging infrastructure by establishing a new E-mobility Innovation Lab, where it will house 120 specialists working on next generation solutions. (See video below.)

Designed to spur further innovations in e-mobility, the $10 million, 3,600 sq m facility is based on the Delft University of Technology campus, in the Netherlands and will drive ABB’s future portfolio development, as well as R&D projects for EVs. The University was ranked among the top 15 engineering and technology universities in the world in the QS World University Rankings in 2020.

Along with an investment of $30 million into a global Center of Excellence and production site for EV charging infrastructure, due to open next year in Italy, the facility in Delft underlines ABB’s plans to grow investments in sustaining its technology leadership. [Read more…] about ABB establishes new R&D center for electric vehicle technology

Japanese infrastructure company selects ABB’s Terra 184 electric vehicle chargers

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ABB’s newly launched Terra 184 electric vehicle chargers have been selected by Japan’s e-Mobility Power (eMP) to modernize the infrastructure for the country’s electric vehicle market and accelerate the nation’s shift towards sustainable mobility.

Financial details of the order were not disclosed.

The project is part of a broader push in Japan to increase the share of electric and plug-in hybrids to between 20-30 percent by 2030, from just 1 percent in 2018. [Read more…] about Japanese infrastructure company selects ABB’s Terra 184 electric vehicle chargers

ABB breaks ground on new $30 million facility to manufacture electric vehicle chargers

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ABB has marked the start of construction at its new facility in San Giovanni Valdarno, Italy, which will serve as a global Center of Excellence and production site for electric vehicle charging infrastructure.

The company says the 16,000 square meter facility is expected to be operational by the end of 2021.

As a global market leader in e-mobility solutions, the $30 million investment in this new facility is further evidence of ABB’s continued commitment to driving innovation in this fast-growing sector. [Read more…] about ABB breaks ground on new $30 million facility to manufacture electric vehicle chargers

ABB wins $5 million order for electric vehicle chargers from GAC Toyota

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ABB has won an order worth $5 million for electric vehicle chargers from GAC Toyota.

The agreement was made through Chargedot, an ABB business unit, and is considered “a major order” in China.

GAC Toyota is the Guangzhou-based joint venture between GAC Group and Toyota. With plans to expand production of electric vehicles to 400,000 a year, the company has asked ABB to supply “several thousand electric vehicle chargers” over the next year. [Read more…] about ABB wins $5 million order for electric vehicle chargers from GAC Toyota

ABB and Porsche forge exclusive partnership to drive forward e-mobility

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ABB, an industrial technology leader, and the automobile manufacturer Porsche have agreed a new and exclusive partnership to jointly promote e-mobility.

As part of a multi-level agreement, ABB is becoming an official partner of the TAG Heuer Porsche Formula E Team, with immediate effect.

Porsche Motorsport is in its inaugural year of racing in the ABB FIA Formula E Championship, while ABB is in its third year as title partner of the first all-electric global race series. [Read more…] about ABB and Porsche forge exclusive partnership to drive forward e-mobility