Powerswap AB, a Swedish start-up, has revealed its radical solution for charging electric vehicles. Instead of connecting the cord and waiting for the car to be charged, the battery is replaced with the help of a robotic device in three minutes. The technical concept was created with the goal of using the already well-established refuelling infrastructure, petrol stations.
Tag: Sweden
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ABB, Northvolt to build Europe’s largest battery factory
Swedish engineering giant, ABB has signed a Memorandum of Understanding (MoU) with Northvolt to build Europe’s largest lithium-ion battery factory.
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Tax relief for Swedish firms: Volvo likely to benefit
India has allowed Swedish companies relief from tax payments for upto five years if they have applied for settlement of their tax disputes through the mutual agreement procedure (MAP).