Microfactory

Next.e.GO Mobile and cylib announcing cooperation to develop sustainable recycling processes for lithium-ion batteries

Retrieved on:

Thursday, December 14, 2023

Research, Ecosystem, Communication, Partnership, Water, RWTH Aachen University, Microfactory, Recycling

The first e.GO batteries have been transferred to cylib to enhance the recycling process and enable the recovery of all raw materials contained in the battery.

Key Points:

The first e.GO batteries have been transferred to cylib to enhance the recycling process and enable the recovery of all raw materials contained in the battery.
By providing our batteries to cylib, we aim to support the refinement of their innovative recycling process.
"We aspire to establish a new standard for sustainable, holistic battery recycling and are delighted that e.GO is supporting this mission.
The close cooperation and proximity facilitate seamless communication, streamlining the recycling process, and enabling the development of transparent business models.

Next.e.GO Mobile SE Secures $75 Million Financing

Retrieved on:

Friday, July 7, 2023

Next.e.GO Mobile SE (“e.GO”), an innovative producer of urban battery electric vehicles and unique production technology, today announced the successful closing of a $75 million fixed interest rate debt financing from Western Asset, one of the world’s leading fixed-income asset management institutions.

Key Points:

Next.e.GO Mobile SE (“e.GO”), an innovative producer of urban battery electric vehicles and unique production technology, today announced the successful closing of a $75 million fixed interest rate debt financing from Western Asset, one of the world’s leading fixed-income asset management institutions.
The net proceeds of the financing will be used to help e.GO continue executing on its business strategy, with a particular focus on production of the e.wave X model as well as its global growth leveraging its proprietary MicroFactory.
These disruptive production facilities, called MicroFactories, have unique features such as higher economic flexibility and optimized energy footprint, while creating employment opportunities and enabling decentralized global growth.
e.GO’s product platform leverages its wide range of innovation and knowhow, including materials selection, battery solution and the smart skateboard.

Next.e.GO Mobile SE to Participate Alongside Microsoft at the Hannover Messe Trade Fair

Retrieved on:

Monday, April 17, 2023

Next.e.GO Mobile SE (“e.GO”), an innovative producer of urban electric vehicles and unique production technology, today announced that it will attend the Hannover Messe trade fair in Germany, from April 17-21, 2023, alongside Microsoft, at the Microsoft booth in Hall 17 Booth G06.

Key Points:

Next.e.GO Mobile SE (“e.GO”), an innovative producer of urban electric vehicles and unique production technology, today announced that it will attend the Hannover Messe trade fair in Germany, from April 17-21, 2023, alongside Microsoft, at the Microsoft booth in Hall 17 Booth G06.
Microsoft and e.GO will demonstrate the digital loop of the industrial metaverse through several showcases at this year’s Hannover Messe.
Artificial intelligence and related 3D software are used to intelligently link the real world with the virtual world.
Across the Microsoft booth, Hannover Messe visitors can experience these enabling technologies in action.

Dr. Yunseong Hwang Steps Down from Arrival’s Board of Directors

Retrieved on:

Thursday, March 16, 2023

EVS, Microfactory, ARVL, Schedule, Management

Dr. Hwang has served on Arrival’s Board of Directors since July 2021 and was a member of the Nominating and Corporate Governance Committee.

Key Points:

Dr. Hwang has served on Arrival’s Board of Directors since July 2021 and was a member of the Nominating and Corporate Governance Committee.
I offer my best wishes for the company’s success,” said Dr. Hwang upon his resignation.
“Arrival has greatly benefited from Yunseong’s extensive industry experience and we have been very fortunate to have his guidance on our board since 2021.
We wish him all the best and thank him for his service,” said Denis Sverdlov, Founder and Chairman of the Board.

Arrival’s Preliminary Fourth Quarter and Full Year 2022 Financial Results

Retrieved on:

Thursday, March 9, 2023

Update, Microfactory, Warrant, International, Business, EVS, EBITDA, Depreciation, Operating cost, Bank statement, Adjustment, ARVL, International Financial Reporting Standards, Cryptocurrency, Video game, Bookkeeping

LUXEMBOURG, March 09, 2023 (GLOBE NEWSWIRE) -- Arrival (NASDAQ: ARVL), inventor of a unique new method of design and production of electric vehicles (EVs) by local Microfactories, today reported preliminary financial results for the fourth quarter and full year ended December 31, 2022.

Key Points:

Loss for Q4 of $588 - $597 million, compared to a loss of $67 million in the fourth quarter of 2021.
Adjusted EBITDA loss for the fourth quarter of $162 - $172 million, compared to an adjusted EBITDA loss of $85 million in the fourth quarter of 2021.
Capital expenditure for the quarter, including tangible and intangible purchases, of $25 million, compared to $104 million in the fourth quarter of 2021.
Arrival will host a Zoom webinar at 4:30 P.M. Eastern Time on Monday, March 13, 2023, to discuss its fourth quarter and full year 2022 financial results and business update.

Next.e.GO Mobile SE Announces Signing of Memorandum of Understanding with Trafigura, a Leading Global Commodities Group, to Solidify Long-Term Supply of Aluminium and Battery Metals

Retrieved on:

Tuesday, February 28, 2023

Ltd., a leading international commodity company, to establish a long-term supply chain management service agreement focused on the supply of aluminium and battery metals such as lithium, cobalt, and copper.

Key Points:

Ltd., a leading international commodity company, to establish a long-term supply chain management service agreement focused on the supply of aluminium and battery metals such as lithium, cobalt, and copper.
e.GO, based in Aachen, Germany, designs and manufactures battery electric vehicles for the urban environment, with a focus on convenience, reliability and affordability.
The Company’s proprietary technologies and low capex MicroFactory production facilities have ushered in innovative solutions for producing electric vehicles.
Under the MOU, Trafigura will supply 100% of e.GO’s requirements for transition and battery metals.

Next.e.GO Mobile SE and Sibros Partner to Provide Connected Vehicle Data and Advanced OTA Software Management on the All-New e.wave X Urban Electric Vehicle

Retrieved on:

Wednesday, November 30, 2022

e.GO announced the start of sales of its newly launched electric vehicle, the e.wave X in October 2022.

Key Points:

e.GO announced the start of sales of its newly launched electric vehicle, the e.wave X in October 2022.
The e.wave X is a purpose-built battery electric vehicle for the urban environment, using innovative spaceframe technology.
e.GO selected Sibros' Deep Connected Platform for vehicle-wide data management and over-the-air (OTA) software updates to further improve the customer experience.
Sibros powers the connected vehicle ecosystem with its Deep Connected Platform for full vehicle OTA software updates, data collection, and diagnostics in one vertically integrated system.

Next.e.GO Mobile SE and Sibros Partner to Provide Connected Vehicle Data and Advanced OTA Software Management on the All-New e.wave X Urban Electric Vehicle

Retrieved on:

Wednesday, November 30, 2022

e.GO announced the start of sales of its newly launched electric vehicle, the e.wave X in October 2022.

Key Points:

e.GO announced the start of sales of its newly launched electric vehicle, the e.wave X in October 2022.
The e.wave X is a purpose-built battery electric vehicle for the urban environment, using innovative spaceframe technology.
e.GO selected Sibros' Deep Connected Platform for vehicle-wide data management and over-the-air (OTA) software updates to further improve the customer experience.
Sibros powers the connected vehicle ecosystem with its Deep Connected Platform for full vehicle OTA software updates, data collection, and diagnostics in one vertically integrated system.

Sibros and Next.e.GO Mobile SE Partner to Provide Connected Vehicle Data and Advanced OTA Software Management on the All-New e.wave X Urban Electric Vehicle

Retrieved on:

Wednesday, November 30, 2022

e.GO announced the start of sales of its newly launched electric vehicle, the e.wave X in October 2022.

Key Points:

e.GO announced the start of sales of its newly launched electric vehicle, the e.wave X in October 2022.
The e.wave X is a purpose-built battery electric vehicle for the urban environment, using innovative spaceframe technology.
e.GO selected Sibros Deep Connected Platform for vehicle-wide data management and over-the-air (OTA) software updates to further improve the customer experience.
Sibros powers the connected vehicle ecosystem with its Deep Connected Platform for full vehicle OTA software updates, data collection, and diagnostics in one vertically integrated system.

ChopValue First West Coast Microfactory Location in Las Vegas

Retrieved on:

Thursday, November 17, 2022

LAS VEGAS, Nov. 17, 2022 /PRNewswire/ -- ChopValue, a leading manufacturer of sustainable products utilizing the circular economy model, is excited to announce its first West Coast franchise in the vibrant city of Las Vegas. With Microfactories already in Canada, Mexico, Europe and Asia, this addition will be its first of many in the United States, as ChopValue works to create a micro-manufacturing network that will help build back better with a socially responsible approach.

Key Points:

ChopValue Las Vegas will lead by example and demonstrate its circular economy that will collect chopsticks from hundreds of local Asian restaurants, hotels, and casinos.
Las Vegas native, Brooks Smith, will launch the first US operation a new ChopValue Microfactory - in Las Vegas designed to help the city look at chopsticks as a sustainable product.
"Growing up in Las Vegas, I have watched the city grow and mature as a leader in sustainability, and I want to be a part of that journey," said Brooks Smith, owner of ChopValue Las Vegas.
ChopValue's Las Vegas Microfactory is now open for corporate business following the ChopValue showroom and retail hub which are set to open to the public in Spring 2023.