EVMagz

Saudi investor Prince Alwaleed bin Talal has disclosed a 5% ownership stake in Lucid Group, prompting a sharp rise in the electric vehicle manufacturer’s share price following the filing with the U.S. Securities and Exchange Commission (SEC). https://lnkd.in/gPrpaJYF

Zeekr has introduced a five-seat version of its flagship 9X luxury hybrid SUV in China, lowering the entry price of the model as the premium electric vehicle brand looks to broaden its customer base amid intensifying competition in the high-end SUV segment. https://lnkd.in/gcjVZkDY

The African Development Bank (AfDB) has approved a €100 million loan to support Chinese battery manufacturer Gotion High-Tech’s planned battery production facility in Morocco. https://lnkd.in/eh_U-mUs

London Ambulance Service (LAS) has expanded its electric vehicle fleet with the addition of 77 battery-electric emergency vehicles, further strengthening what it says is the United Kingdom’s largest fully electric ambulance fleet. https://lnkd.in/ewb5B9fk

Marks & Spencer (M&S) is expanding its electric commercial vehicle fleet with the deployment of 10 battery-electric DAF XD trucks across its UK logistics network, including one vehicle equipped with technology that powers a refrigerated trailer directly from the truck’s battery. https://lnkd.in/e6tS9yZr

Scania and Canadian mining equipment manufacturer MacLean Engineering have entered into a strategic partnership under which Scania will supply battery systems for MacLean’s expanding range of battery-electric underground mining vehicles. https://lnkd.in/ePBzqnHV

BMW has introduced a China-exclusive long-wheelbase version of its upcoming all-electric iX5, expanding its premium electric vehicle lineup with a model tailored to local demand for greater rear-seat comfort and advanced digital features. https://lnkd.in/eHgV8kAM

BMW Group will begin series production of its sixth-generation (Gen6) high-voltage batteries at its new Woodruff, South Carolina, plant in December, supporting the launch of the all-electric BMW iX5 for North American and export markets. https://lnkd.in/euU3dqMu

Rock Tech Lithium has signed a binding offtake agreement with Geneva-based commodity trader Transamine covering the full planned spodumene concentrate production from its Georgia Lake lithium project in Ontario, Canada. https://lnkd.in/ejbwn4V7

Volkswagen Group is reportedly in advanced discussions with Chinese battery manufacturer Gotion High-Tech over the creation of a joint venture for PowerCo’s battery cell factory. https://lnkd.in/eQXhCwWt