In Europe, the electric bicycle market is booming. For every bike on the road, one in three is an e-bike. The United States is starting to see more e-bikes on the market and currently has more than 350,000 in circulation.
PALO ALTO, CA—Tesla Inc. has agreed to acquire ATW Automation, which builds battery and transmission assembly lines for major automakers like BMW and Daimler.
HAMPTON, VA—Huntington Ingalls Industries plans to build undersea drones at a facility here, anticipating greater demand for the unmanned submarines by the Navy.
Sales of electric vehicles (EVs), particularly plug-in hybrids and full battery electrics, are growing faster than expected, according to a study released earlier this year by the Boston Consulting Group.