The Truth About Cars

MAY 27, 2021

On Wednesday, the Senate Finance Committee advanced the Clean Energy for America Act making a few tweaks from earlier proposals. It’s good news for General Motors, which recently begged the government for just […]. It’s good news for General Motors, which recently begged the government for just […].

Tax Credit 114

Tax Credit Financing Tax General Motors 114

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NOVEMBER 3, 2020

Lordstown Motors Corporation, a startup developing an all-electric pickup truck serving the commercial fleet market, merged with DiamondPeak Holdings Corporation, a special purpose acquisition company (SPAC). billion transaction provides Lordstown Motors with $675 million of gross proceeds.

Motor 321

Motor Motors Motoring Fleet 321

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MARCH 3, 2022

In Seoul, Hyundai Motor Company unveiled a strategic roadmap to accelerate its electrification ambition as it pursues sustainable progress for the company. Presentation of Jaehoon Chang, President and CEO of Hyundai Motor Company. The IMA is being developed to standardize not only a chassis but also battery system and motor.

Hyundai 370

Hyundai Global Motor Motors 370

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DECEMBER 12, 2021

The aim of the three-year project is to develop an agile and digitalized production system complete with modular product concept for innovative electric motors. —Thomas Pfund, President of the E-Motors Business Unit at Schaeffler. The AgiloDrive2 research project, with a three-year duration and total finance package of €33.7

Motor 243

Motor Motors Motoring Production 243

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MARCH 7, 2012

Carbon Motors Corporation, developer of a diesel-engined law enforcement vehicle ( earlier post ), announced that the US Department of Energy (DOE) has indicated that it will not proceed with Carbon’s $310 million application for a direct loan under the Advanced Technology Vehicle Manufacturing (ATVM) program. —William Li.

Financing 231

Financing Carbon Motor Motors 231

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SEPTEMBER 28, 2020

Chinese EV contender XPeng announced that its wholly owned subsidiary in China, Guangdong Xiaopeng Motors Technology Co., Early in August, Xpeng reported closing a US$900-million C+ financing round. entered into a cooperation agreement with Guangzhou GET Investment Holdings Co.,

Financing 170

Financing Manufacturer China Chinese 170

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MAY 12, 2020

Hyundai Motor Company is partnering with Incheon International Airport Corporation (IIAC), Air Liquide Korea and Hydrogen Energy Network (HyNet) to establish a hydrogen refueling station for fuel cell electric buses at Incheon Airport’s Terminal 2 by March 2021.

Hyundai 377

Hyundai Hydrogen Motor Motors 377

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MAY 8, 2014

Pinnacle Engines also announced closure of its Series C financing, bringing total investment in the company to more than $30 million. John Parker: In his 41-year career at Ford Motor Company, John focused on emerging markets in Asia and Africa, living and working throughout the region before returning to his homeland of Australia.

Financing 291

Financing Engine Africa Asia 291

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NOVEMBER 5, 2020

Hyundai Motor Company is spearheading the development of a hydrogen fuel cell commercial vehicle ecosystem in China with regional partners. Hyundai Motor signed an MOU with Shanghai Electric Power Co., —In Cheol Lee, Executive Vice President and Head of Commercial Vehicle Division at Hyundai Motor.

Hyundai 356

Hyundai Commercial China Motor 356

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JANUARY 11, 2019

Infinitum Electric , developer of ultra high-efficiency, durable, lightweight and cost-effective electric motors built with patented printed circuit board (PCB) stator technology and integrated control systems, has closed a $1.8-million million Series A round of financing, led by Cottonwood Technology Fund (CTF).

Motor 262

Motor Motors Motoring Market 262

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MAY 3, 2013

In response to critiques of the first version of its financing program introduced early in April ( earlier post ), Tesla Motors has raised the Model S resale value guarantee to be the highest of any premium sedan brand made in volume (excludes rare, low volume or limited edition vehicles). —Tesla Co-founder & CEO Elon Musk.

Financing 218

Financing Tesla Production Lexus 218

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DECEMBER 7, 2021

Mazda Motor Corporation will introduce the Mazda2 Hybrid in Europe from the spring of 2022. The Mazda2 Hybrid will be an OEM model supplied by Toyota Motor Europe, a wholly owned subsidiary of Toyota Motor Corporation, and will be added to the Mazda2 lineup in Europe and sold as Mazda's own brand vehicle.

Europe 395

Europe Toyota Supplies Hybrid 395

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MAY 27, 2013

a developer of technologies enabling the conversion of existing fleet vehicles into plug-in hybrid electric vehicles, completed a $3-million financing with United Fleet Financing, LLC, through a private placement offering and mezzanine financing. Echo Automotive, Inc.,

Financing 218

Financing Conversion Companies PHEV 218

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DECEMBER 18, 2020

Toyota Caetano Portugal (TCAP), the joint venture of Toyota Motor Europe (TME) and Salvador Caetano, strengthened its strategic alliance with CaetanoBus and Finlog by becoming the direct shareholder of the two Portuguese companies. The ordered H2.City

Toyota 221

Toyota Europe Fuel Motor 221

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DECEMBER 7, 2012

American Suzuki Motor Corporation (ASMC) has received court approval for Debtor-In-Possession (DIP) financing. As a result, the Company will be able to borrow up to $50 million for operations and up to $50 million for purchases of inventory from Suzuki Motor Corporation (SMC). Earlier post.)

Suzuki 218

Suzuki Financing Motor Motors 218

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NOVEMBER 29, 2019

The BMW Group and Great Wall Motor have launched a new joint venture—Spotlight Automotive Limited—and are building a joint plant in China, where the BMW Group will produce future fully-electric models of its MINI brand. Jiangsu is also one of the leading provinces for finance, education and technology.

Mini E 259

Mini E BMW China Future 259

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JUNE 23, 2021

Hyundai Motor Group and Grab Holdings Inc. The Group—including Hyundai Motor Company and Kia Corporation—and Grab will further develop new pilots and initiatives that lower the barriers of entry for Grab driver and delivery-partners to adopt EVs, such as lowering the total cost of ownership and reducing range anxiety.

Asia 199

Asia Hyundai Singapore Indonesia 199

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JULY 30, 2021

million in new financing. Surging global demand for electric vehicles (EVs) and other motorized devices has highlighted global dependency on the unsustainably-produced rare earth materials currently required for the magnets needed in electric drivetrains and motors.

Minnesota 482

Minnesota Commercial Clean Cleaning 482

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NOVEMBER 13, 2019

China-based Xpeng Motors has closed a US$400-million Series C capital funding from a group of strategic and institutional investors. Xiaomi Corporation and Xpeng Motors have achieved significant progress through in-depth collaboration in developing technologies connecting smart phones and smart cars. and a former Alibaba executive.

Chinese 199

Chinese Motor Motors Motoring 199

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APRIL 2, 2013

Tesla Motors, in partnership with Wells Fargo and US Bank, has created an automotive financing product that combines elements of ownership and leasing for Model S customers. Elements of the new program include: US Bank and Wells Fargo have agreed to provide 10% down financing for purchase of a Model S (on approved credit.).

Financing 210

Financing Tax Credit Sale Production 210

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DECEMBER 13, 2022

billion loan to Ultium Cells LLC to help finance the construction of new lithium-ion battery cell manufacturing facilities in Ohio, Tennessee, and Michigan. The US Department of Energy (DOE), through its Loan Programs Office (LPO), announced the closing of a $2.5-billion

Manufacturer 435

Manufacturer Ohio Batteries Battery 435

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APRIL 5, 2022

With opportunities for drivers to earn additional income upon purchasing a new vehicle by having Firefly’s smart display screen technology integrated onto and inside each vehicle, Hyundai Drive by Firefly could help cover monthly car lease/financing costs for qualified drivers and fleets for the duration of the program.

Hyundai 170

Hyundai Fleet Tax Credit America 170

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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.

Hyundai 186

Hyundai Motor Motors Motoring 186

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JULY 25, 2021

The financing was led by Amazon’s Climate Pledge Fund, D1 Capital Partners, Ford Motor Company and funds and accounts advised by T. In April 2019, Rivian announced that Ford Motor Company invested $500 million and that the companies would collaborate on a future program. The financing was led by funds and accounts advised by T.

2019 334

2019 Financing Ford Price 334

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OCTOBER 9, 2013

million in Series C financing. The Series C financing follows a $19-million Series B round in 2009 and brings the total raised by Achates Power to nearly $90 million since its 2004 founding. Daniel Hancock, retired vice president, global powertrain engineering, who spent more than four decades at General Motors Co.

Financing 236

Financing Engine Industrial Industry 236

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FEBRUARY 24, 2023

Data source: US Energy Information Administration, federal and state motor fuels taxes table. Other states, including Florida, Georgia, and Maryland, will also end their suspensions of at least some part of their taxes on motor fuels during 2023. These taxes have increased in 13 states since July 2022.

Tax 273

Tax Gasoline Diesel Fuel Tax 273

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FEBRUARY 6, 2014

UQM Technologies, a developer of and manufacturer of power-dense, high-efficiency electric motors, generators and power electronic controllers for the automotive, commercial truck, bus and military markets, completed a $5.3-million million capital raise through institutional investors.

Financing 218

Financing Corporation Plug-in Hybrid 218

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AUGUST 23, 2010

While notable exceptions exist, the report says, the financing framework is often skewed towards supporting the motorization model: Domestic public finance is mainly used to build and maintain infrastructure to cater to increasing levels of motorized traffic.

Sustainable Transportation 231

Sustainable Transportation Financing Transportation Global 231

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JANUARY 16, 2014

YASA Motors, the manufacturer of highly differentiated advanced axial flux motors and generators based on its Yokeless And Segmented Armature (YASA) technology ( earlier post ), has raised £5 million (US$8.2 million) in new financing from a combination of existing and new investors. —Chris Harris, CEO of YASA Motors.

Motor 199

Motor Motors Motoring 2000 199

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JUNE 19, 2015

Elio Motors, the developer of the three-wheeler Elio, has launched a crowd-funding initiative as the next phase in its fundraising strategy. Individuals interested in learning more about the Elio Motors investment opportunity can go to StartEngine.com , the crowd-funding website launched today by business incubator Start Engine.

Motor 150

Motor Motors Motoring MPG 150

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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., According to William Roe, president and CEO, the proceeds from this transaction will go towards funding the remaining steps to commercialization.

Financing 199

Financing Pennsylvania General Motors 2011 199

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NOVEMBER 23, 2022

Niron will use this financing to advance the commercial partnerships and pilot production of its rare earth-free Clean Earth Magnet, further demonstrating its potential to replace rare earth permanent magnets. Iron nitride has a very high magnetic flux density; flux density is proportional to torque density in motors and generators.

Grant 345

Grant Production Wind Clean 345

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JANUARY 12, 2021

Finance charges or finance incentives are excluded. Department of Commerce, Bureau of Economic Analysis, Underlying Detail, Motor Vehicle Output, 2020. Sources: Cars – U.S.

2019 243

2019 Light Price Financing 243

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FEBRUARY 1, 2013

According to a new binding agreement, Daimler AG will invest in BAIC Motor, the passenger car unit of BAIC Group. Daimler’s investment will take place through the issuance of new shares corresponding to a 12% stake in BAIC Motor. Daimler’s shareholding in BAIC Motor is subject to the approval by the relevant authorities.

Motor 247

Motor Motors Motoring Mercedes 247

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JANUARY 6, 2021

Inventory financing is being provided by Hitachi Capital America (HCA) as part of Workhorse’s previously announced strategic partnership with HCA. Inventory financing for that deal is also being provided by Hitachi Capital America. Dual Axial Flux Interior Permanent Magnet Motors. Interior Volume. 1,000 cu.ft. Overall Length.

Purchase 243

Purchase Vehicles Financing America 243

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SEPTEMBER 22, 2021

JJE brings more than 10 years of experience in electric motors and power electronics, as well as central- and direct-drive electrified propulsion architectures. Together, the companies will further define product portfolio scope, manufacturing locations and supporting resources to be provided by each party.

Commercial 296

Commercial Global Market Vehicles 296

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FEBRUARY 21, 2013

SolarCity and American Honda Motor Co., The partnership establishes an investment fund to finance $65 million in solar projects to assist Honda and Acura customers with the initial cost of solar power installation.

Acura 218

Acura Honda Financing Solar 218