article thumbnail

Group14 closes $18M in financing to scale-up silicon-carbon composite anode material

Green Car Congress

Group14 Technologies announced $18 million in new financing from Amperex Technologies Limited (ATL), Showa Denko (SDK), Cabot Corporation, BASF Venture Capital, and OVP Venture Partners. The new funds will be used to scale-up manufacturing of a next-generation silicon-carbon composite anode material and advance into commercial production.

Financing 243
article thumbnail

Pencil-Necked Finance Dweebs Suggest Anyone Making Six-Figures Should Only Buy a $15,000 Car

The Truth About Cars

Beyond that, they suggest making a down payment of at least 20 percent and financing the thing for no more than four years. If I made $100,000 per year, I sure wouldn’t be tooling around in a 2016 Equinox. At the gross income of $100,000 annually, this shakes out to $10,000 per year or about $833 per month. Who am I kidding?

Financing 110
article thumbnail

Biomass-to-sugar company Comet Biorefining completes new round of equity financing

Green Car Congress

Comet Biorefining, an industry leader in the production of high-purity cellulosic dextrose, has completed a round of equity financing led by new investor PM Equity Partner. Current investor Sofinnova Partners and new investor Bioindustrial Innovation Canada (BIC) also participated in the financing.

Financing 150
article thumbnail

Average price of new light vehicles in US hit high in 2016; driven up by trucks; cars moving in opposite direction

Green Car Congress

The average price of a new light vehicle (including both cars and light trucks) was up to a record $31,790 in 2016, up from the most recent low of $28,243 in 2008. The average price for cars in 2016 was $25,774—similar to $25,750 in 2015 and $25,747 in 2014, and down from a high of $29,808 in 1999. Source: DOE.

2016 170
article thumbnail

Porsche spent €2.2B on R&D in 2016; PHEVs, Mission E BEV, digitalization

Green Car Congress

In FY 2016, Porsche spent €2.2 —Lutz Meschke, Deputy Chairman of the Executive Board and Member of the Executive Board for Finance and IT. In 2016, the company founded Porsche Digital GmbH in Ludwigsburg and the Digital Lab in Berlin. FY 2016 was the company’s most successful. billion (US$2.4

Porsche 150
article thumbnail

ChargEVC: New Jersey plug-in electric vehicle registration up 79% for MY 2016 vehicles over 2015

Green Car Congress

Registration of model year 2016 plug-in electric vehicles (PEVs) in New Jersey was up 79% over 2015, according to a recent analysis by ChargEVC , a diverse coalition of organizations and companies that support growth of the electric vehicle market.

article thumbnail

$100 million Toyota funding finances proceed on robotics and controls

Baua Electric

It all started in 2016 and expanded ultimate while to incorporate 21 college companions and 61 initiatives. The post $100 million Toyota funding finances proceed on robotics and controls appeared first on Bauaelectric Auto News. and for the business. The automaker stated the college partnership program will proceed into 2024.