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DOE Closes $465M Loan to Tesla Motors

Green Car Congress

The US Department of Energy has closed its $465 million loan with Tesla Motors, Inc. The Palo Alto facility will assemble electric vehicle battery packs, electric motors, and related electric vehicle control equipment, both for Tesla’s own electric vehicles and for sale to other automobile manufacturers. Earlier post.).

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What Part Do EVs Play in the Federal Net-Zero Emissions Target?

Clean Fleet Report

Are electric vehicles (EVs) the answer to the automobile industry’s role? EVs are becoming more commonplace–setting a record for sales in 2023 What Is the Federal Net-Zero Emissions Target? The car runs on a battery-powered motor and requires no gasoline, oil or any fossil fuels for operation.

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Rivian IPO: What you need to know

Teslarati

Such a valuation is ambitious , as it would make Rivian’s market cap just a bit lower than veterans such as General Motors ($84.82 billion) and Ford Motor Company ($79.65 It would also overtake longtime players in the auto segment, such as Japanese carmakers Honda Motor Co., The Finances So Far. ” Conclusion.

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USABC awards Cobasys $8.4M for the development of high-energy density Li-ion cells and packs for EVs

Green Car Congress

USABC is a subsidiary of the United States Council for Automotive Research LLC (USCAR), the collaborative automotive technology organization of Chrysler Group LLC, Ford Motor Company and General Motors Company, whose mission is to further strengthen the technology base of the domestic auto industry through cooperative research and development.

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At CES, legacy automakers scramble to keep up in AI arms race – ET Auto

Baua Electric

Not so long ago, automakers boasted about horsepower and towing capabilities in their cars and pickups, but in the fast-changing world of technology that now dominates the auto industry, software-driven enhancements are prominent in consumers’ minds. General Motors on Dec. For automakers, that has not been the norm so far.

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Battery metal price plunge is closing mines and stalling deals – ET Auto

Baua Electric

The low prices are making it harder for mine builders to raise money from more traditional sources as well, at a time when the industry is also grappling with rampant inflation driving up the cost to build new projects. The auto industry had shown signs of becoming an key source of funds, as companies such as Ford Motor Co.

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News: 2023 Fisker Ocean Introduced

Clean Fleet Report

Dual motor, 550 horsepower (est. Single motor, 275 hp. Dual motor, 540 hp. Dual motor, 550 hp. Expect in the next few years to see at least 50 new models being released for sale. This is a monumental moment for the auto industry, with the consumer and the environment being the winners. 0-60 mph: 3.6

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