Commercial EV manufacturer Nikola Corporation announced it has signed an agreement to acquire EV battery developer Romeo Power Inc. Nikola will absorb Romeo’s battery manufacturing facility in Southern California and begin engineering its own EV packs in-house.
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Nuvve Holding Corp. has announced a new collaboration with energy technology developer Romeo Power to integrate each company’s respective technologies toward accelerated vehicle-to-grid (V2G) adoption. The collaboration will make Romeo Power’s battery management system (BMS) V2G compatible, thanks to Nuvve’s platform, regardless of the type of commercial vehicle.
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Electric vehicle sales seem to be growing by the minute in the US. Although they still only have a tiny corner of the auto market cornered, astronomical valuations of industry leaders like Tesla offer a glimpse at the potential of a virtually nascent market. In order to bring costs down even further to entice consumers, the US has plans to amplify battery production on its home soil over the next decade. With global competitors miles ahead, does the US have the technology, or more importantly the resources, to gain ground in the EV battery market?
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BorgWarner, a large automotive supplier focused on powertrain components, is expanding into battery packs through a new investment in Romeo Power, a battery pack startup founded by former Tesla and SpaceX engineers. The companies have created a new joint venture to sell full electric powertrains.
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We reported on Porter Harris from our piece on SpaceX’s battery development ‘Tesla is not Elon Musk’s only company developing high-tech battery packs‘ – and also when covering Faraday Future (FF) since Harris joined the company as ‘Chief Battery Architect’ in November 2014 – and then one more time when he suddenly left the company just before it came out of stealth mode, but not before designing their EV battery pack.
Harris has since co-founded his own startup, Romeo Power, to design battery packs for other companies and today they announced a $30 million in seed and unveiled their new production facility.
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You might remember Porter Harris from our piece on SpaceX’s battery development ‘Tesla is not Elon Musk’s only company developing high-tech battery packs‘ – and also when covering Faraday Future (FF) since Harris joined the company as ‘Chief Battery Architect’ in November 2014 – and then one more time when he suddenly left the company just before it came out of stealth mode.
Electrek has now learned that he co-founded a new startup to compete with FF and Tesla with new battery pack designs for electric vehicles, and even to compete with ‘Tesla Energy’ in stationary energy storage products.
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