The world’s largest auto supplier is expanding its semiconductor manufacturing capabilities to meet the growing demand for computer chips for electric vehicles. Bosch announced Wednesday that it is acquiring US chipmaker TSI Semiconductor and investing $1.5 billion to produce silicon carbide (SiC) semiconductors and enable the adoption of EVs.
Bosch has been busy transforming its business as the auto industry shifts to sustainable, zero-emission EVs.
Bosch has invested heavily in introducing new products such as electric powertrains, charging solutions, and electric drives to meet the growing demand for EVs and enable the transition.
President of Bosch in North America, Mike Mansuetti, explained last year that the auto industry is “rapidly evolving” toward electric vehicles. The tech and engineering giant expanded its North American manufacturing footprint, revealing in October a new $250 million investment to extend its Charleston, South Carolina, campus by roughly 75,000 square feet to build and assemble electric motors.
Manusuetti added, “Local production helps advance our customer’s regional electrification strategies and further supports the market demand for electrification.”
Bosch is again expanding its North American manufacturing capabilities with plans to acquire Roseville, California-based chipmaker TSI Semiconductors.
Bosch acquires chipmaker to produce SiC chips for EVs
Bosch revealed Wednesday it would be acquiring the chipmaker with plans to invest $1.5 billion in the Roseville site to convert and prepare the facility for the auto industry’s future.
Starting in 2026, Bosch will produce the first chips on 200-millimeter wafers based on silicon carbide (SiC) material. Bosch has been producing SiC chips since 2021 at its Reutlingen location in Germany, so the company knows what it takes to make them.
With EV sales continuing to rise at a record pace, the number of chips needed is only expected to grow from here. Bosch expects to have an average of 25 of its chips in every new EV by 2025.
SiC chips, in particular, are in heavy demand as they enable greater range and more efficient recharging losing up to 50% less energy.
According to Bosch, the full scope of the project is made possible and will rely heavily on federal funding opportunities.
The Biden administration is investing heavily to promote North American manufacturing and the adoption of sustainable transportation and clean energy in the US. The historic Inflation Reduction Act, passed last August, provides incentives and rebates to purchase EVs (up to $7,500 for new and $4,000 for used) and other clean energy alternatives (example: 30% solar tax credit) that will help drive down energy costs in the long run.
In addition, the Chips and Science Act, signed into law last year, invests in US chip-making capabilities to strengthen the domestic supply chain and enable clean energy adoption.
Regarding the Bosch acquisition and investment, the following statement from Vice President Kamala Harris was provided to Electrek:
This $1.5 billion investment will bring down costs, strengthen our electric vehicle supply chain, help rebuild American manufacturing, and create economic opportunity for the working families of California. And it will put more electric vehicles on the road, a priority I have worked for since I served in the United States Senate. All of this was made possible by our Administration’s Invest in America agenda. Unfortunately, House Republicans are working to undo our progress. They want to defund American manufacturing and ship jobs overseas. President Biden and I will never let that happen.
According to a recent analysis from the Financial Times, in the eight months since the Chips and Science Act and Inflation Reduction Act were signed, over $200 billion in private investments in the US has been announced.
With the Biden administration aiming for a 50% electric vehicle sales share by 2030, the number is only expected to continue rising.
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Kia’s upcoming entry-level EV has finally made its way to the famous Nurburgring for testing. The EV4 hatch was spotted ripping across the track, nearly on two wheels at one point, as Kia preps for its big debut.
According to Kia, the EV4 is “an entirely new type of EV sedan. ” It was first unveiled last October during Kia’s first annual EV Day, alongside the EV3 and EV5 as part of its new low-cost lineup.
The EV5 launched in China last year, while the EV3 is already rolling out in Korea and Europe. Next up, we will finally see the production version of the EV4.
Although its four-door format suggests it’s a sedan, Kia said the EV4’s bold design is a symbol of the company’s innovation. Its low nose, long-tail silhouette, and added roof spoiler give it an almost racecar-like feel.
With its official debut approaching, Kia’s EV4 has been spotted out in the wild several times. Last week, it was caught testing in the US for the first time.
A hatchback model has also been spotted. It was first caught on European roads this summer and in the US earlier this month.
Kia EV4 hatch takes on the Nurburgring as debut looms
After the EV4 was spotted racing across the Nurburgring for the first time, we are getting our best look yet at the upcoming Kia model.
The video from CarSpyMedia shows the EV4 hatch carving up sections of the track. Several times, you can see the EV4 is being pushed to the limits, nearly going up on two wheels.
However, with a low center of gravity and likely added stabilization tech, the EV4 appears to handle it with ease. You can also see the difference between the sedan model and the hatchback, with the bulky backside.
As it takes on the track, it almost looks like the 576 hp EV6 GT, Kia’s fastest and most powerful car. At least for now.
Kia is expected to officially reveal the EV4 by the end of the year, with deliveries starting in 2025. Prices are expected to be in the $30,000 to $40,000 range. The hatchback model is likely aimed at Europe, but it could also find a market in the US as buyers drift toward more efficient options.
Ahead of the LA Auto Show later this week, Kia is teasing five new vehicles for the US, at least one being an EV. Will it be the EV4? EV3?
Source: CarSpyMedia
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Elon Musk is hinting at Tesla making bigger electric cars, but you shouldn’t hold your breath as it’s not the first time he said that.
In the last few hours, Musk responded to two fans on X, asking Tesla to build bigger vehicles to support larger families.
Musk often promotes the idea of having bigger families as he is afraid of declining populations due to low birth rates in some countries.
With the first one, the CEO responded with a simple “OK,” and with the other, he elaborated a bit more by referencing the recently unveiled Tesla Robovan and “some other things”:
Musk appears to be hinting at Tesla’s work on a bigger electric vehicle that has yet to be unveiled.
While interesting, it’s hard to give too much weight to the comment, considering Musk claimed that Tesla has been working on a higher passenger capacity vehicle for years.
A “high passenger-density urban transport” vehicle has been in Tesla’s official product roadmap since 2016 and has yet to be unveiled, unless you count the Robovan unveiled last month, but that’s completely attached to Tesla’s self-driving effort as the vehicle has no steering wheel or pedals.
As part of Tesla’s shift toward autonomous driving, the automaker has pulled back plans for several new electric vehicle programs in favor of those without any driver inputs, like Cybercab and Robotvan.
Tesla is expected to soon unveil two new vehicles to be launch next year, but those are based on the Model 3 and Model Y and therefore, they aren’t likely to be bigger vehicles.
Electrek’s Take
Like most things Elon says lately, it goes in my “I’ll believe it when I see it” folder.
That said, I think an electric van that can be configured for cargo, camper, or passenger, would make a ton of sense in Tesla’s vehicle lineup.
Of course, it’s harder to get the greenlight for a vehicle program like that if your CEO is perpetually convinced that the company is on the verge of achieving self-driving and making steering wheels obsolete.
I’m more of the opinion that Tesla should have played it more careful and continue working on growing its human-driveable EV lineup while working on self-driving.
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Penske Truck Leasing is rolling out rooftop solar on its US truck leasing, rental, and maintenance buildings, starting in Illinois.
Penske Truck Leasing, which offers an electric truck fleet leasing program, wants to cut emissions and save energy, so it’s activated its first rooftop solar system at its new facility in Channahon, Illinois (pictured). The 200 kW system is expected to generate about 80% of the building’s energy needs, and the rest will be supplied by the local utility.
The next Penske Truck Leasing rooftop solar system to come online will be in Grand Rapids, Michigan, “in the coming months,” followed by another in Linden, New Jersey, in 2025. All three of these new buildings are part of Penske’s LEED building program, which is designed to reduce energy use and promote sustainability.
Seven of Penske’s existing facilities in California will also get solar retrofits. These locations, which include Fresno, Hayward, La Mirada, National City, Riverside, San Diego, and San Leandro, are expected to generate about 600 kW of renewable energy in total.
Penske has teamed up with Sunrock Distributed Generation under a power purchase agreement to make the California upgrades happen. The company is also working with ForeFront Power, based in San Francisco, as its lead consultant for the solar rollout.
On average, these solar-powered Penske facilities will generate around 1 million kWh of renewable energy each year, preventing about 442 metric tons of CO2 emissions annually. That’s equivalent to the amount of energy needed to power nearly 90 homes for a year.
Drew Cullen, senior vice president of fuels and facility services at Penske, highlighted the significance of this move, noting:
Our solar program is an important piece of our renewable energy strategy, and ForeFront Power continues to be an outstanding partner in helping us bring these projects to fruition.
These investments will allow us to directly generate our own renewable energy to power our locations and continue to support our customers with sustainable solutions.
Penske Truck Leasing, part of Penske Transportation Solutions, is headquartered in Reading, Pennsylvania, and operates over 437,000 vehicles across North America, with nearly 1,000 maintenance facilities and more than 2,500 rental locations. Its investment in solar power is a key part of its broader sustainability strategy to cut emissions and reduce reliance on traditional energy sources.
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