e-Power

Lilium Raises $292 Million for Breakthrough eVTOL Jet Powered by Innovative Electric Motors 

Lilium NV, developer of the first all-electric vertical take-off and landing jet, announced that it has successfully arranged a capital raise for a total amount of $192 million, bringing its total raise for the year to nearly $300 million. Innovative electric motors power the craft, and Swedish bearing manufacturer SKF is one of the German aircraft company’s key suppliers.  […]

Materials/Manufacturing

Bosch Ramps Up Electric Motor Production in Charleston with More Than $260 Million in New Investment, Replacing Diesel Products 

Bosch workers in Charleston, South Carolina at the company’s largest production facility in the USA are learning the intricacies of magnets and hairpin windings as it transitions from a diesel power manufacturing site to electric motor production to meet the new demands of electrification and e-mobility. Production of electric motors began there in October and additional capacity being added is expected to be operational by the end of this year as Bosch expands its long history of mobility-related manufacturing with new electrification products.  […]