Mexican Media Brands
Caterpillar Invests in Fisker
Caterpillar Inc.’s venture capital subsidiary has made an unspecified investment in California-based electric vehicle startup Fisker Inc.
#hybrid
Share
Caterpillar Inc.’s venture capital subsidiary has made an unspecified investment in California-based electric vehicle startup Fisker Inc.
The agricultural and heavy-equipment giant reportedly wants access to the solid-state battery technology Fisker is developing. Fisker aims to launch the technology early next decade, which would be several years earlier than targets set by other carmakers and battery suppliers.
Solid-state batteries promise to have more than double the energy density of current lithium-ion units. This would give EVs longer driving ranges and shorter charging times.
RELATED CONTENT
-
What the VW ID. BUGGY Indicates
Volkswagen will be presenting a concept, the ID. BUGGY, a contemporary take on a dune buggy, based on the MEB electric platform that the company will be using for a wide array of production vehicles, at the International Geneva Motor Show.
-
Hyundai Shops for a Partner to Make Electric Scooters
Hyundai Motor Co. is looking for a domestic partner to mass-produce the fold-up Ioniq electric scooter it unveiled at last year’s CES show in Las Vegas, a source tells The Korea Herald.
-
Rivian Gets Even More Money, Now From Ford
The electrification of automotive is serious business. This week it was announced that Ford is making a $500-million equity investment in Rivian.