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Ola electric announces price drop for its S1 Pro

Electric Vehicles India

Ola S1 Pro is now available at Rs 1,24,999, a reduction from its earlier price. Ola Electric’s CEO, Mr. Bhavish Aggarwal, on Friday tweeted that the beginning price for the Ola S1 Pro has been reduced to 1,24,999. Emotions of our leadership team right after we announced the price drop. Friday EOD. Get up to Rs.

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Tata Motors launches $10,000 electric hatch; deliveries of Tiago.ev start in January

Green Car Congress

Tata is offering special introductory prices starting INR 8.49 Lakh (US$10,000) (All India – Ex-showroom), for the first 10,000 customers (of which 2000 will be reserved for the current owners of Nexon EV and Tigor EV). Equipped with a permanent magnet synchronous motor, Tiago.ev

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Australia PM Gillard announces carbon pricing plan; transport fuels exempt, but lowered fuel tax credits to bring carbon price to some businesses

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Australia Prime Minister Julia Gillard unveiled Australia’s carbon pricing plan—a core element in a new clean energy plan—in a short address to the nation. The Government intends to introduce legislation to underpin the carbon pricing mechanism into Parliament in the second half of 2011. Click to enlarge.

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Hydro-Québec grants an exploitation license and partners with Nouveau Monde Graphite to develop materials for Li-ion batteries

Green Car Congress

NMG’s financing. In connection with these agreements, NMG has closed a non-brokered private placement of 6,666,667 units in the capital of the Corporation, at a price of $0.30 Each full warrant will entitle its holder to subscribe one common share of NMG at a price of $0.40 per unit for an aggregate gross proceeds of $2,000,000.

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Saab Automobile enters agreement with Hawtai Motor Group on strategic partnership

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in financing ( earlier post ), conditionally secures medium-term funding and includes financing in the form of subscription agreements in the amount of €150 million (US$222 million) as well as a strategic alliance for China including joint ventures on manufacturing, technology and distribution. Spyker Cars N.V.

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GE study finds 5% of worlds natural gas production wasted per year by flaring

Green Car Congress

If half of this flare gas (25 bcm per year) was captured and sold at prevailing domestic prices in Russia, the economic opportunity may exceed US$2 billion (65 billion rubles). Although Nigeria has reduced flare gas emissions by 28% from 2000 levels, the country’s oil industry still wastes 15bcm of natural gas every year.

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Avantium raises 30M to advance YXY technology for green chemicals and fuels; new bio-based polymer PEF

Green Car Congress

Avantium, which spun off from Shell in 2000 to develop furan-based biofuels and biomaterials ( earlier post ), has raised €30 million (US$43.9 The YXY technology makes it possible to produce a 100% bio-based, 100% recyclable polyester that can compete on price and performance with traditional materials such as PET.

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