Automotive

Investing In EVs = “EVestments”

TL;DR — GM wants firemen to know how to put out battery fires, VW wants more batteries AND more US charging stations.
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Investing In EVs = “EVestments”

🚒 👮General Motors is starting up a new EV First Responder Training program. Materials will be available online and through in-person sessions throughout the US and Canada. Anyone who completes the training will receive a certificate from the Illinois Fire Service Institute. 

🔋 🤑Northvolt, a European battery producer, has received $1.1B in funding from Volkswagen and Goldman Sachs. The company's first gigafactory has started commercial deliveries in Europe with a reported $55B in orders from businesses including Volvo, BMW, and VW. 

🔌 📈Electrify America, an EV fast charging station network, has received a $450M investment from a collaboration between VW and the German tech giant Siemens. It is the first external investor for the EV charging provider and nets Siemens a minority shareholder stake.

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