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McMaster switched reluctance motor spinout Enedym closes $15M funding round

Green Car Congress

Enedym, a switched reluctance motor (SRM) spinout from McMaster University, closed a $15-million financing round from an international group of strategic investors within the US, Canada, Europe, and India, including P&A Paletta Giving Inc., Enedym Switched Reluctance Motors (SRMs) remove the need for these costly magnets.

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Hyundai Motor to establish hydrogen refueling station for fuel cell electric buses at Incheon Airport with partners, provide buses

Green Car Congress

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
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Blue Energy Motors to raise USD 100 million (Rs 760 crore) to fund EV expansion | Autocar Professional

Baua Electric

Blue Energy Motors, a leading liquefied natural gas (LNG) truck manufacturer, is seeking to secure UDS 100 million in funding to support its foray into the electric vehicle market. Notable investors in the first round of funding included FPT Industrial — a part of the Iveco Group that supplies engines for Blue Energy Motors’ LNG trucks.

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Hyundai Motor Group invests $300M in India’s largest mobility service provider Ola

Green Car Congress

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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Electric Vehicle Spotlight: Financing a Chevrolet Bolt EUV

EV Life

General Motors was one of the original pioneers of electric cars, introducing the EV1 in 1996 and the game-changing Volt in 2010. Chevrolet has continued that trend in the last few years—emerging as a major leader in the electric vehicle industry. The EUV is available in two different trims, the LT and Premier.

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Toyota invests $394M in, collaborates with Joby on air mobility

Green Car Congress

The collaboration reflects Toyota’s recognition of the long-term potential of the urban air mobility market to meet the evolving needs of society, as well as Joby’s position as an industry leader in working to deliver safe and affordable air travel to everyone. —Toyota Motor Corporation President and CEO Akio Toyoda.

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China publishes plan to boost fuel-efficient and new energy vehicles and domestic auto industry; targeting 500K PHEVs and EVs in 2015, rising to 2M by 2020

Green Car Congress

China’s State Council has published a plan to develop the domestic energy-saving and new energy vehicle industry, which includes battery-electric vehicles, plug-in hybrid vehicles and fuel cell vehicles. 2012 Chinese Auto Industry Development Report. —Energy-saving and new energy vehicle plan. L/100km (40 mpg US) or less.