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Northvolt raises $1.B to support factory rollout plans in Europe; close to $8B since 2017

Green Car Congress

billion convertible note to finance its expansion of battery cell and cathode material production in Europe to support the rapidly expanding demand for batteries. With this capital raise, Northvolt has since 2017 secured close to $8 billion in equity and debt to deliver on its plans to establish a supply of sustainable batteries.

2017 186
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ProLogium to build €5.2B gigafactory for solid-state batteries in France

Green Car Congress

This major investment project aims to facilitate supply chain localization, R&D activities, and the manufacturing of next-generation batteries in Europe for ProLogium. ProLogium selected the city of Dunkirk from a long list of more than 90 cities in Europe following a rigorous review process.

France 540
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Mercedes-Benz receives world’s first internationally valid system approval for Level 3 conditionally automated driving

Green Car Congress

Germany has taken a pioneering role in this with the opening of the Road Traffic Act (StVG) for Level 3 systems in 2017. Since then, it can be implemented in Europe—an opportunity that Mercedes-Benz was quick and the first manufacturer to seize.

Mercedes 397
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Volkswagen to offer refreshed Tiguan with new plug-in hybrid powertrain in Europe

Green Car Congress

This versatile vehicle is available for sale in 80% of countries in the world and is the most successful SUV on the market in Europe. The world première of the first generation Tiguan took place at the Frankfurt International Motor Show (IAA) in Frankfurt in 2007. Highlights include: A new plug-in hybrid drivetrain for Europe.

Plug-in 307
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VW to stage world premiere of ID. Buzz on 9 Mar; two versions to be sold in Europe

Green Car Congress

Buzz prototype testing; the pre-production fleet is currently touring Europe. The designers have rigorously transferred the styling of the 2017 concept car to the 2022 full-production version. Buzz versions are launching this year in Europe with a high-voltage lithium-ion battery providing gross energy content of 82 kWh (77 kWh net).

Europe 432
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UK broker team Lookers to be purchased via International Auto Holdings

Baua Electric

International Auto Holdings plans to shop for British automotive dealership chain Lookers for approximately 465 million kilos ($595 million) in money. Lookers is Europe’s fifth-largest auto retail team, in keeping with Car Information Europe’ s Information to Europe’s Largest Sellers.

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EEA: small increase in EU’s total greenhouse gas emissions in 2017, with transport emissions up for the fourth consecutive year

Green Car Congress

in 2017, according to latest official data published today by the European Environment Agency (EEA). According to the EEA’s Annual European Union greenhouse gas inventory 1990-2017 and inventory report 2019 , total greenhouse gas emissions (including international aviation) rose by 0.7% in 2017 compared with 2016.

2017 191