The mobility rEVolution: Lightyear 0 makes history as the world’s most aerodynamic production car
In other news, Our Next Energy reveals 240-Ah anode-free cell with high energy density, ABB E-mobility expands its manufacturing footprint in the US, and Volvo’s parent company Geely unveils 600 kW supercharging technology.
ABB exits solar inverter business
This Swiss giant is following a trend as large multinational high-tech companies see their role as redesigning infrastructure rather than supplying inverters at ever lower margins. Schneider Electric has pulled out of large scale solar, Siemens’ Kaco acquisition and Junelight launch show increasing interest in the C&I and residential markets, and GE is likely to divest its power conversion business due to low profit margins in that sector.
