article thumbnail

LG and Magna sign JV agreement for LG Magna e-Powertrain

Green Car Congress

LG Electronics and Magna International signed the transaction agreement which establishes a joint venture between the two companies ( earlier post ). The new company, to be called LG Magna e-Powertrain, is headquartered in Incheon, South Korea. Javier Perez, who has been with Magna since 2016, will be the new company’s COO.

article thumbnail

IEA finds CO2 emissions flat for third straight year even as global economy grew in 2016

Green Car Congress

Global energy-related carbon dioxide emissions were flat for a third straight year in 2016 even as the global economy grew, according to the International Energy Agency. In 2016, renewables supplied more than half the global electricity demand growth, with hydro accounting for half of that share.

Economy 199
article thumbnail

Chevrolet introduces 2016 Spark; new 1.4L engine with 16% more power and 40 mpg highway

Green Car Congress

At the New York International Auto Show, Chevrolet introduced the all-new 2016 Spark—a completely redesigned and more sophisticated execution of the brand’s global minicar. The 2016 Spark is powered by an all-new 1.4L It offers greater efficiency and refinement, along with new, available safety and connectivity features.

2016 150
article thumbnail

Group14 raises $400M in Series C; Porsche leads with $100M

Green Car Congress

We have been actively investing in ambitious companies since 2016 and through our venture capital unit Porsche Ventures, we have gained a deep understanding of the venture capital world and are excited to lead this round. Our investment in Group14 is an important step for Porsche’s M&A activities. —Lutz Meschke.

Porsche 150
article thumbnail

New program in Japan to push development of solid-state batteries

Green Car Congress

Japanese companies accounted for 70% of the global automotive battery market in 2013, but they are being challenged by China and South Korea. Chinese companies expanded their combined global share to 26% in 2016 from just 3% in 2013. For the time being, it is targeting a more modest range of 550 km (342 miles) by 2025.

Japan 207
article thumbnail

EIA: India’s steel industry dominated by electric-based processes; intensive coal use for DRI

Green Car Congress

India is the third-largest steel producer in the world after China and Japan, having surpassed other large steel-making countries such as the United States, Russia, and South Korea over the previous decade, according to the World Steel Association. of 2016 production. million tonnes); and.

Coal 150
article thumbnail

First Drive: 2016 Hyundai Sonata PHEV and HEV

Green Car Congress

Hyundai began the US rollout of the 2016 Hyundai Sonata Plug-in Hybrid Electric Vehicle (PHEV) ( earlier post ) and its conventional hybrid sibling (HEV) with a series of media drives in California—one of the main markets for the PHEV, which offers some 24 miles (38.6 The 2016 Sonata PHEV features a 9.8 Earlier post.).

PHEV 150