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☆ Ford buys EV charging startup in bid to help rescue its electric dreams
  + stars: | 2023-11-03 | by ( Tom Carter | ) www.businessinsider.com   time to read: +3 min
Ford has bought an electric charging startup called AMP, TechCrunch reported. AdvertisementAdvertisementFord is buying an electric charging startup as it tries to reinvigorate its flagging EV push. The auto giant is purchasing Auto Motive Power (AMP), an electric charging startup that makes battery management software, as it seeks to overhaul its charging technology and reduce the cost of its electric vehicles. A Ford representative told TechCrunch that the deal aimed to accelerate its efforts to encourage EV adoption and improve its charging technology. Other car makers have taken a similarly cautious approach to electric vehicles in recent months, with several ditching ambitious targets amid slowing demand.
Persons: —, Ford, it's, Bill Ford, Harald Wilhelm, Elon, carmaker Organizations: Ford, TechCrunch, Service, Auto Motive, The New York Times, Benz, EV, GM, Subaru Locations: California, Kentucky
☆ A former Tesla engineer's new battery startup just raised a $17.5 million Series A. Here's why investors are betting on AMP to power the future of EV batteries.
  + stars: | 2022-11-01 | by ( Alexa St. John | ) www.businessinsider.com   time to read: +3 min
Startup AMP just raised $17.5 million for its tech that looks into battery health. Battery management is key to saving EVs from costly recalls. Monitoring battery health can help avoid costly recalls (like that of 142,000 Chevrolet Bolts), extend an EV's life, and manage the way EVs charge. AMP's energy management assesses battery health and performance as the battery sits in a car or in storage. AMP does so through its hardware, using an energy management unit manufactured by third-party partners, as well as a battery management system and software that provides insights.
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