The Truth About Cars

FEBRUARY 22, 2024

The United States Department of Energy has confirmed plans to loan $544 million to South Korean tech conglomerate SK Group under the conditions it be used to expand semiconductor production in the Midwest. In 2022, SK Siltron held a ribbon cutting for the new plant, part of a larger commitment by the company to increase its U.S.

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Green Car Congress

JULY 9, 2023

—POSCO Group CEO Jeong-woo Choi The new lithium factory is anticipated to have an annual production capacity of 25,000 tons of lithium hydroxide—sufficient for manufacturing approximately 600,000 electric vehicles. Earlier post.)

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Green Car Congress

JUNE 14, 2021

Another great advantage of the partnership: a country like Australia, which has previously exported coal on a large scale, is building up a new, climate-friendly perspective as an energy exporter, true to the motto ‘shipping the sunshine’—practically packaged sunshine from Australia. Co-financing of “HydrogenHubs”.

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Australia Germany Hydrogen Green 334

Green Car Congress

MARCH 20, 2019

Hyundai Motor Group and India-based Ola—one of the world’s largest ride-hailing platforms— announced a strategic partnership under which Hyundai Motor Company and Kia Motors Corporation will make their biggest combined investment to date, as part the Group’s continued efforts to become a Smart Mobility Solutions Provider.

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Green Car Congress

JUNE 29, 2013

million) financing, which brings total equity investment raised by Enerkem in 2013 to C$87 million (US$82.7 Enerkem is currently building a full-scale waste-to-biofuels facility in Edmonton, Alberta, and is developing similar facilities in North America and globally. Canada-based waste-to-biofuels company Enerkem Inc. gasification.

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Financing Waste Companies Canada 210

Green Car Congress

NOVEMBER 29, 2018

As part of a cross-industry initiative, the BMW Group, BASF SE, Samsung SDI and Samsung Electronics have launched a joint cobalt pilot project in the Democratic Republic of the Congo. This fully privately financed project seeks to pilot an approach to address challenges in artisanal mining.

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Congo BMW Industrial Industry 236

Green Car Congress

JUNE 11, 2021

billion private placement to finance further battery cell production capacity and R&D efforts in order to meet the increasing demand of customers engaged in the transition to decarbonized, electric solutions. Northvolt announced the signing of a $2.75-billion Goldman Sachs Bank Europe SE and Morgan Stanley & Co.

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Manufacturer Battery Batteries Sweden 243

Green Car Congress

APRIL 6, 2018

has entered into an investment agreement with SoftBank Group Corp. Nemaska Lithium is building a Phase 1 demonstration plant that utilizes the company’s proprietary lithium hydroxide and lithium carbonate processes. —Masayoshi Son, Chairman & CEO of SoftBank Group Corp. Nemaska Lithium Inc. of the outstanding shares.

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Green Car Congress

AUGUST 20, 2011

a developer of technology for the production of advanced biofuels and biochemicals from biomass and waste materials, announced a first close of its Series D round of financing. Coskata Inc., The company has been operating a demonstration-scale integrated biorefinery in Madison, Pennsylvania since 2009.

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Financing Pennsylvania General Motors 2011 199

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MARCH 17, 2020

Toyota Motor Corporation and Toyota Financial Services Corporation launched a cross-Group virtual organization, Toyota Blockchain Lab, in April 2019. It is also engaging in global collaboration with Group companies, including Toyota Research Institute - Advanced Development, Inc. and relationship-building with partner companies.

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Toyota Corporation Financing Connect 286

Green Car Congress

JUNE 28, 2021

The Renault Group has entered two major partnerships for the production of Li-ion batteries in France. As the battery arm of global green tech company Envision Group, it will invest up to €2 billion to produce latest technology, cost-competitive, low-carbon and safe batteries for electric models, including the future R5.

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France Battery Batteries Production 334

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APRIL 6, 2010

SGL Automotive Carbon Fibers LLC, the joint venture between SGL Group and BMW Group ( earlier post ), will build a carbon fiber manufacturing plant in Moses Lake, WA. The CFRP parts and components will then be made from these fabrics at the BMW Group Plant Landshut, Germany. —Robert Koehler, CEO SGL Group.

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Carbon Fiber BMW Carbon Building 220

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MARCH 19, 2023

Poland-based Hynfra has signed a framework cooperation agreement with Amarenco MENA, a major developer of renewable energy projects in the Middle East and North Africa and part of Amarenco Group. The company finances, develops, builds and operates C&I and large-scale solar PV plants across Europe, the Middle East, and Asia.

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Hydrogen Energy Storage Ireland Poland 150

Green Car Congress

MAY 21, 2018

Groupe PSA and Ecole Centrale de Nantes have launched of an R&D partnership to optimize powertrain design processes for the group’s future vehicles. The two parties will co-finance the project for a total amount of €4 million (US$4.7 Groupe PSA is already pioneering the digital design approach. million) over five years.

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Green Car Congress

MARCH 22, 2022

Scott Keogh, President and CEO, Volkswagen Group of America, Inc. In all, Volkswagen Group brands plan to introduce more than 25 new battery electric vehicles (BEVs) to American consumers through 2030. This strategy builds on the company’s preparation of its Chattanooga facilities for local EV production. 4 in 2022, the ID.

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Green Car Congress

JUNE 2, 2016

One week after the Volkswagen Group announced a US$300-million strategic investment in global ride hailing provider Gett ( earlier post ), the two companies laid the cornerstone for their strategic partnership at a kick-off event at the DRIVE Volkswagen Group Forum in Berlin. —Ole Harms.

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Green Car Congress

SEPTEMBER 23, 2013

Pinto Energy LLC (Pinto), a developer of smaller scale Gas-to-Liquids (GTL) facilities, will build a 2,800 barrel per day (bpd) GTL plant at Pinto’s 80-acre industrial site to the east of Ashtabula, Ohio. Velocys is part of the Oxford Catalysts Group plc; Oxford Catalysts is changing its name to Velocys plc on 25 September 2013.)

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Building Energy 2013 Gas 252

Green Car Congress

FEBRUARY 4, 2021

Mercedes-Benz Cars & Vans and Daimler Trucks & Buses are different businesses with specific customer groups, technology paths and capital needs. This is a historic moment for Daimler. It represents the start of a profound reshaping of the company. Daimler Truck supplies industry leading transportation solutions and services to customers.

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Companies Mercedes Cars North America 497

Green Car Congress

MAY 16, 2013

Jochem Heizmann, Member of the Board of Management of Volkswagen AG with responsibility for China and President and CEO of Volkswagen Group China. The Changsha plant is part of the €9.8-billion The Changsha plant is part of the €9.8-billion billion (US$12.5-billion) billion (US$12.5-billion)

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China Building Chinese 2015 186

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MAY 3, 2011

and Saab Automobile AB (Saab Automobile) have signed an agreement with Hawtai Motor Group Company Limited (Hawtai). As a part of the transaction Hawtai will invest€120 million for up to a maximum of a 29.9% Spyker Cars N.V. This agreement, which follows Spyker’s securing €59.1

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Automobile Motor Motors Motoring 186

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JULY 26, 2023

Part of the required electricity is provided by the photovoltaic system of solar cells on the roof. The digital building management optimises power consumption, for example by automatically dimming the lighting when there are no guests. Last year, Porsche participated in a further round of financing for this joint venture.

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Porsche Charging Austria DC 195

Baua Electric

MARCH 24, 2024

Assuming the role of CFO at Tata Technologies in mid-2020, Balachandran not only significantly transformed the effectiveness of the finance function, but also played a pivotal role in propelling the company’s growth, profitability, and cashflows in partnership with the leadership team. I was not a trained accountant. .”

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Financing Building Corporation Motors 52

Green Car Congress

JUNE 16, 2016

Volkswagen Group CEO Matthias Müller presented the company’s new new strategic plan—TOGETHER - Strategy 2025—in Wolfsburg. The Group is planning a broad-based initiative in this area: it intends to launch more than 30 purely battery-powered electric vehicles (BEVs) over the next ten years. —Matthias Müller.

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Sale Future Battery Batteries 150

Green Car Congress

APRIL 14, 2012

Consortia researchers will leverage their expertise and resources in solar technology, advanced biofuels, and building efficiency. As part of a planned five-year initiative, the Energy Department will make $5 million available in fiscal year 2012. Honeywell; Infosys Public Services; Ingersoll-Rand/Trane; Lighting Science Group Corp.;

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India Clean Cleaning Solar 240

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SEPTEMBER 16, 2011

The Volkswagen Group will invest around €62.4 Volkswagen is laying the foundations for profitable, sustainable growth by building new production facilities, introducing new models and developing alternative drives, as well as with its modular toolkits. These investments will be financed using the joint ventures’ own funds.

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2016 Production Automobile Manufacturer 2012 210

Green Car Congress

OCTOBER 24, 2011

Saying that “ investment-grade climate change and clean energy policy is required to shift private sector investment from high-carbon to low-carbon assets ”, a group of 285 investors has urged governments and international policy makers to take new and meaningful steps in the fight against climate change.

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Climate Change Climate Global Energy 360

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JULY 22, 2009

Green Car Congress attended the Renewable Energy Finance Forum - Wall Street (REFF-Wall Street) conference (23-24 June) sponsored by Euromoney Energy Events and the American Council on Renewable Energy (ACORE). Although not part of the conferences formal structure, the themes were addressed in the presentations and panel discussions.

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Financing Renewable Stimulus Package Energy 150

Green Car Congress

AUGUST 20, 2014

National Electric Vehicle Sweden (NEVS), the company working to resurrect the Saab brand, presented the Saab 9-3 Electric Vehicle as designed and produced as part of a prototype series in Trollhättan. NEVS halted production of the conventional Saab 9-3 Aero in May as it struggles to sort out its financing. Earlier post.).

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Sweden Lithium Ion Financing MPH 345

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JANUARY 5, 2011

Qteros also announced that it has closed the initial tranche in its Series C financing. The completion of this $22M financing is expected to provide sufficient funding to accelerate its development and commercialization plans. and Chairman, Praj Group. India-based Praj Industries Limited and Qteros, Inc.,

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Financing Commercial Industrial Industry 170

The Truth About Cars

FEBRUARY 29, 2024

Chinese automaker BYD has been seeking to build an automotive plant in Mexico, with the company’s regional chief executive confirming the plan on Wednesday. manufacturing advocacy group, the Alliance for American Manufacturing, this month warned low-cost Chinese cars and parts could threaten the viability of auto companies in the U.S.

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BYD Mexico Chinese United States 90

Green Car Congress

DECEMBER 16, 2017

The Asian Development Bank’s (ADB) Board of Directors approved a €428-million ($499-million) loan to set up a regional emission-reduction and pollution-control facility as part of a multiyear and multisector support program to improve air quality in the greater Beijing-Tianjin-Hebei (BTH) region, which suffers from heavy air pollution.

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The Truth About Cars

APRIL 4, 2024

But the Italian automaker also has to make the finances work before it’s willing to move forward with the program. The Parisian arm of the group has vast recent experience in the world championship, starting at the top with customer racing manager Didier Clements. The present Group Rally2 rules have cars running 1.6-liter

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Teslarati

MAY 5, 2022

Lucid Group ( NASDAQ: LCID ) will report its earnings for the first quarter of 2022 this evening after market close. Citing “a continued focus on quality,” Lucid Group CEO Peter Rawlinson said the automaker would insist on only using the best parts available. million, according to Yahoo Finance estimates.

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Saudi Arabia Price Financing International 97

Cars That Think

JANUARY 20, 2023

In parts of the United States, using the term “systemic racism” to refer to persistent discrimination against Black people has become a political flash point. The group found that if 15 percent of existing Black businesses could finance a single new employee, it would create US $55 billion in new economic activity.

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Engine Financing Washington Neighborhood 88

Green Car Congress

DECEMBER 11, 2021

Vulcan will formally take over the plant from 1 January 2022 and will retain all existing local employees as part of the transition. Vulcan will assess the feasibility of extracting and processing lithium from these projects, as part of investment into an expansion and modernization of these areas, to be incorporated into planned operations.

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Carbon Companies Renewable Luxembourg 243

Green Car Congress

NOVEMBER 24, 2015

The BioMA+ project is financed by the ADEME in the context of the French “Investissements d’Avenir” State program. In 2013, the Company announced that, as part of its “Investissements d’Avenir” program, the French government had granted financing of €5.2 million (US$5.5

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Green Car Congress

JUNE 9, 2011

LanzaTech has signed a memorandum of understanding with Mitsui Global Strategic Studies Institute (MGSSI), part of Mitsui and Co. LanzaTech will concurrently execute a MOU with Mitsui & amp; Co Plant Systems Ltd (MPS)—Mitsui’s engineered plants business group.

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