Green Car Congress

APRIL 27, 2022

In April 2021, the company raised $139 million in a Series D funding round with participation led by the VC arm of General Motors and other investors including Shanghai Auto, Temasek, Applied Ventures, and Vertex. In July 2021, the company went public via a merger with a special purpose acquisition company (SPAC) Ivanhoe Capital.

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Lithium Ion Batteries Battery General Motors 195

Green Car Congress

AUGUST 17, 2023

General Motors is leading a $60-million Series B financing round in Mitra Chem , a Silicon Valley-based, AI-enabled battery materials innovator.

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GM Batteries Battery Companies 195

Green Car Congress

FEBRUARY 2, 2021

Current EV business models are doomed unless manufacturers that have bet their futures on them, such as General Motors and VW, invest in or coordinate on a robust supercharger network. General Motors, the researchers said, spent $1 billion developing its first electric car, and another $1.2 Nissan has spent $5.6

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Davis General Motors Charging Gasoline-Electric 334

Green Car Congress

MARCH 19, 2009

While the President’s Task Force on the Auto Industry continues to review restructuring plans submitted by General Motors and Chrysler, the US Department of the Treasury announced an Auto Supplier Support Program that will provide up to $5 billion in financing to US-based suppliers.

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Financing Auto Chrysler Auto Industry 150

Green Car Congress

SEPTEMBER 10, 2018

Farasis Energy, a global developer and manufacturer of lithium-ion cells, modules and large battery systems, recently completed C-round financing exceeding 1 Billion US dollars. The compay will use the capital raised to accelerate the expansion of its global automotive battery manufacturing infrastructure.

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Li-ion Manufacturer Global Batteries 239

Green Car Congress

FEBRUARY 8, 2022

Soelect recently completed its $11-million Series A financing. General Motors is committed to investing in and implementing technologies that support the company’s broader vision of a world with zero crashes, zero emissions, and zero congestion, and our collaboration with Soelect to advance lithium metal technology supports this effort.

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GM Batteries Battery Lithium Ion 150

Green Car Congress

JANUARY 16, 2017

General Motors will launch 18 new and refreshed models this year to achieve continued growth in the company’s largest retail market. Half of the models to be introduced in 2017 under the Buick, Chevrolet, Cadillac, Baojun and Wuling brands will be SUVs or MPVs. The products are expected to build on GM’s 2016 sales record of 3.87

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GM 2017 Buick SUV 150

Green Car Congress

JANUARY 19, 2018

In this latest report, General Motors (GM) and Waymo are effectively in a dead heat on the technology front; both companies are on the verge of having production ready AVs suitable for mobility services. Baidu and BAIC Group have a tie-up to bring the Chinese tech giant’s software to market with the aid of Bosch on the hardware side.

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GM Tesla Chrysler General Motors 207

Green Car Congress

JULY 23, 2010

General Motors and AmeriCredit Corp. have entered into a definitive agreement for GM to acquire AmeriCredit, a leading independent auto finance company, in an all-cash transaction valued at approximately $3.5 in cash for each share of stock held as of the transaction closing date.

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GM Financing Dealers General Motors 186

Green Car Congress

MARCH 4, 2017

Maven, General Motors’ personal mobility brand, has expanded its offerings to include a new monthly service, Maven Reserve. Members can access popular GM vehicles for an extended time period without the commitment of leasing, financing or buying.

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Tahoe Chevrolet San Francisco Los Angeles 150

Green Car Congress

AUGUST 29, 2016

NOHMs), a Cornell University spin-out founded in 2010, raised $5 million in Series B venture capital financing to commercialize its non-flammable electric vehicle (EV) battery electrolyte technology. NOHMs Technologies Inc. Surya Moganty, CTO at NOHMs and inventor of the technology. Earlier post.)

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Commercial Lithium Ion Batteries Battery 150

Green Car Congress

JULY 20, 2017

Autonomous vehicle technology company Nauto ( earlier post ) closed a $159-million Series B financing round, led by a subsidiary of SoftBank Group Corp. and Greylock Partners.

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GM BMW Companies Toyota 170

Green Car Congress

JULY 8, 2010

General Motors and Pacific Century Motors (PCM), an entity formed by The Tempo Group and E-Town, an affiliate of the Beijing Municipal Government, have reached an agreement for GM to sell GM Global Steering Holdings, LLC, commonly known as Nexteer, to PCM. Terms of the sale were not disclosed.

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GM Sale Motor Motors 186

Green Car Congress

JUNE 2, 2009

General Motors Corp. Citi acted as financial advisor to General Motors Corporation. billion bridge financing agreement with the German government. Magna International and General Motors Europe had signed a Memorandum of Understanding to continue work on finalizing a partnership agreement for Opel/Vauxhall.

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Hummer GM General Motors Financing 150

Green Car Congress

APRIL 15, 2015

Watkins will convert four more General Motors vans this year using XL Hybrids’ technology and plans to replace its entire 15-vehicle fleet with hybrids in the coming years. The XL3 saves fuel through regenerative braking, a process by which the electric motor helps slow the vehicle when the driver brakes, charging the battery.

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Hybrid Fleet Ohio General Motors 150

Green Car Congress

OCTOBER 17, 2014

Eleven more General Motors facilities have achieved landfill-free status. GM’s Shanghai headquarters, a LEED-Gold facility, formed a “Green Team” spanning IT, finance, facilities, R&D and supply chain departments to identify recycling and waste reduction opportunities. Colmotores Assembly (Colombia).

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GM Colombia Waste Michigan 225

Green Car Congress

JULY 27, 2016

Broad-Ocean produces more than 50 million motors annually for customers on 5 continents, including King Long, Yutong, Van Hool, BAE Systems, SAIC Motor, FAW, Dongfeng, General Motors, Ford, Volvo, Fiat, TATA, Cummins, Caterpillar, Carrier, Trane, Daikin, Goodman, Gree and Midea.

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Motor Motors Motoring Fuel 150

Green Car Congress

AUGUST 6, 2012

General Motors Ventures LLC has invested in NanoSteel Company, a developer of proprietary nano-structured steel material. GM Ventures joined lead shareholders EnerTech Capital and Fairhaven Capital Partners and five existing investors to complete the Series C financing round.

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Light GM Companies Fuel Economy 231

Green Car Congress

DECEMBER 4, 2009

Shanghai Automotive Industry Corporation Group (SAIC) and General Motors Company are expanding their cooperation in Asia with the formation of a new 50-50 joint venture investment company, General Motors SAIC Investment Limited. Source: GM. Click to enlarge. SAIC and GM currently operate eight joint ventures in China.

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India Asia GM Commercial 170

Green Car Congress

SEPTEMBER 20, 2011

SAIC Motor Corp., SAIC) Chairman Hu Maoyuan and General Motors Co. (GM) SAIC and GM are partners in 10 joint ventures in China, which are engaged in vehicle and powertrain manufacturing, sales and aftersales, automotive engineering and design, automotive finance and telematics, and the sale of used vehicles.

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GM Electric Vehicles Engine Vehicles 199

Green Car Congress

MARCH 31, 2009

General Motors announced the most comprehensive customer protection in the industry with “GM Total Confidence”. Once a buyer is halfway through a finance contract, he or she qualifies for “Vehicle Value Protection.”

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GM General Motors Financing Dealers 150

Green Car Congress

SEPTEMBER 10, 2009

Ending what had extended into a longer-than-expected process of deliberation and negotiations, the Board of General Motors announced its support for a bid from the consortium of Magna International Inc. and Sberbank to buy a majority stake in its European Opel/Vauxhall operations.

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GM International Global Parts 170

Green Car Congress

JUNE 5, 2009

General Motors Corp. and Penske Automotive Group confirmed details of a proposed transaction under which Penske would acquire the Saturn brand. If completed, the deal would save more than 350 dealerships and 13,000 jobs at Saturn and its retailers in the United States, and would preserve the Saturn brand. Earlier post.)

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Saturn Puerto Rico Buy VUE 150

Green Car Congress

JUNE 27, 2009

General Motors selected its assembly plant in Orion Township, Mich. Troy Clarke, president of General Motors North America. A selection team comprising leaders from several of GM’s functional areas, including manufacturing, labor relations and finance, made the final decision based on a specific set of criteria.

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GM Michigan Future Cars 150

Green Car Congress

FEBRUARY 19, 2014

Reinforcing PSA Peugeot Citroën’s competitive positioning in Europe, in particular through accelerating PSA Peugeot Citroën’s development via the financing of a program of strategic investments and strengthening its balance sheet and liquidity. Capital increase. billion by 2018, shared equally by the two partners.

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Industrial Industry Motor Motors 236

Green Car Congress

FEBRUARY 2, 2010

However, because the such a model is currently not envisaged in the Business Plan, additional financing to develop this model could be required. With this financing in place, the business plan does not envisage any future funding being required, neither from Spyker or elsewhere, for Saab to return to profitability.

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Future GM Financing 2010 186

Green Car Congress

JUNE 1, 2009

General Motors Corp. billion of bridge financing from the German government and a Memorandum of Understanding to partner with Magna International Inc. reached agreements with the US Treasury and the governments of Canada and Ontario for the creation of a smaller, self-sustaining “New GM”. Earlier post.)

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GM Canada 2009 2010 150

Green Car Congress

JULY 21, 2016

General Motors. Charging infrastructure financing: Unlocking Up $4.5 The partnership will address these questions to provide the necessary information for the basis of a dialogue with stakeholders to help define public-private partnerships, funding, and financing models for implementing a national fast charging network.

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Obama Charging Financing DC 150

Green Car Congress

DECEMBER 19, 2014

Power and General Motors. Ford uses analytics widely, including in its research, product development, manufacturing, supply chain, marketing and sales, finance, purchasing, information technology and human resources functions. Autonomous driving Connected vehicles Market Background Vehicle Manufacturers'

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Ford Connect Connected Global 268

Green Car Congress

FEBRUARY 3, 2009

General Motors is working with communities such as San Francisco to develop a plan of action to establish the supporting technical and policy infrastructure required for broad commercialization of plug-in electric vehicles such as the upcoming Chevrolet Volt. GM described its approach at the Washington Auto Show.

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Plug-in GM San Francisco Plug 150

Green Car Congress

JANUARY 4, 2012

In its “2012 Outlook: US Auto Manufacturers and Suppliers”, Fitch assigns the industry a Positive Rating, expecting the credit profiles of the US OEMs and auto suppliers to generally strengthen in 2012, assuming that global economic conditions do not weaken materially from current trends. than was seen in 2010 and 2011.

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2012 Detroit Chrysler 2009 186

Green Car Congress

MARCH 5, 2009

General Motors delivered 127,296 vehicles in February, down 52.9% GM’s car sales compared with January were up nearly 23%, and crossover sales increased 6%, as financing availability continued to improve and slightly more fleet orders were able to be filled. February 2009 had 24 selling days, compared to 25 the prior year.

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Sale Civic Hybrid Chrysler GM 170

Green Car Congress

MARCH 14, 2009

The economic impact of a General Motors or Chrysler bankruptcy is being debated across the country. Other key actions for lenders to take include: Provide Affordable Financing: The interest rate on loans to finance consolidation efforts should be set at lower lending rates. Laura Marcero.

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Grant Supplies Auto Industry Industrial 150

Green Car Congress

OCTOBER 15, 2009

Some of the ethanol that is being produced at the facility has been delivered to the General Motors Milford Proving Grounds for early testing, as well as to another major strategic partner. Coskata has finalized the design and is in the final phases of pulling together project financing. Earlier post.).

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Commercial Oil-Sands Water Gasoline 150

Setec Powerr

SEPTEMBER 28, 2022

According to a report by Bloomberg New Energy Finance, Americans will buy a total of 657,000 electric vehicles in 2021. At the UN climate conference in November 2021, six major automakers, including Ford and General Motors, pledged to stop selling new gasoline and diesel vehicles by 2040. will be electric vehicles.

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Electric Cars Cars Gasoline-Electric Re-Charge 98

Tony Karrer Delicious EVdriven

APRIL 30, 2009

NewsVine StumbleUpon Mixx Text Size By Keith Johnson General Motors wont just keep pouring money into the Chevy Volt, its all-electric carthe Volt is shaping up as a key part of the U.S. Close Home World U.S. Buzz facebook MySpace LinkedIn Digg del.icio.us automakers bid for survival. Will the government agree?

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Volt GM Obama Asia 30

Green Car Congress

SEPTEMBER 20, 2018

SAIC’s affiliated vehicle companies include Morris Garages, SAIC MAXUS, SAIC Volkswagen, SAIC-GM, Shanghai General Motors Wuling (SGMW), NAVECO, SAIC-IVECO Hongyan and Shanghai Sunwin Bus Corp (SUNWIN). SAIC Motor’s car sales hit 6.93 million units in 2017, up 6.8%

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Range Batteries Battery Europe 230