Xiaomi to launch another EV next year: report

Xiaomi is reportedly launching a second electric vehicle (EV) model by Q1 2025.  Xiaomi’s second EV model will hit the market around February or March 2025. It is internally using the codename MX11.  Local media outlets in China state that the Xiaomi MX11 will directly compete with the Tesla Model Read more

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Northvolt files for Chapter 11 Bankruptcy Protection

Northvolt AB, a Swedish battery maker, filed for Chapter 11 bankruptcy protection in the United States on Thursday, November 21, 2024. The Swedish company hasn’t given up yet. According to its press release, Northvolt hopes its Chapter 11 reorganization filing will enable it to restructure its debt, appropriately scale its Read more

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Northvolt files for bankruptcy, CEO quits

Europe’s “green dream” Northvolt has filed for bankruptcy protection in the US after a rescue package failed to go through, leaving the battery maker with just one week’s worth of cash in the account. Cofounder and CEO Peter Carlsson, who spearheaded a costly expansion, has also quit. more…

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Bobcat’s journey to all-electric innovation: inside the T7X platform (Video)

The off-highway equipment industry is undergoing a significant transformation, with electrification taking center stage. Bobcat, a leading innovator in this space, has introduced its all-electric platform, the T7X. Unlike a common approach of simply replacing diesel engines with batteries and electric motors, Bobcat’s engineers embraced a holistic redesign, using the Read more

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