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H2X Global secures US$57M from Verde Mobility to deliver on US$300M in fuel cell vehicle orders

Green Car Congress

Australia-based hydrogen fuel cell vehicle company H2X Global recently secured a US$57-million deal with US-based firm, Verde Mobility Inc., to fastrack H2X’s delivery of 800 hydrogen-powered vehicles. UHL has expansion plans in North America and is looking to open an office in Canada later this year.

Global 195
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Volkswagen, Stellantis and Glencore backing ACG in $1B purchase of Brazilian nickel sulfide and copper mines

Green Car Congress

Volkswagen, Stellantis and Glencore are supporting the purchase of the Atlantic Nickel nickel sulfide and the Mineraçao Vale Verde copper mine in Brazil by ACG , a London-listed special purpose acquisition company (SPAC), for US$ 1 billion. 20ktpa over a 12-year life of mine, at an average C1 cash cost of $1.37/lb

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UPS invests in Arrival, orders 10,000 electric delivery vehicles

Green Car Congress

UPS’ venture capital arm, UPS Ventures, has completed a minority investment in Arrival , which makes electric vehicle (EV) platforms and purpose-built vehicles. UPS will collaborate with Arrival to develop a wide range of electric vehicles with Advanced Driver-Assistance Systems (ADAS).

Vehicles 300
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J.D. Power launches EV Index; measuring roadblocks to EV adoption, parity to gas-powered vehicles

Green Car Congress

Each month, the index will arrive at one number (on a 100-point scale) to make it easy to understand the progress to parity of EVs with traditional internal combustion engine (ICE) vehicles. This factor measures the potential commitment to purchasing an EV based on voice of the customer and online behavioral data. Availability.

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Tesla says its standard tech can save police departments over $4,000

Teslarati

The automaker made the statement from its North America account on X , in a repost from the Eanes Independent School District (EISD) recommending that its police department purchase nine Tesla vehicles. Many cities across the U.S. Cotati Police unveil new Tesla Model Y police cruiser What are your thoughts?

Standards 128
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GM, POSCO Future M announce 2nd phase of CAM production in N America; adding pCAM

Green Car Congress

General Motors and POSCO Future M announced the second phase of their Ultium CAM joint venture, an investment projected to exceed US$1 billion to increase production capacity of cathode active materials (CAM) in North America and integrate precursor materials production. EV Components Sept. Catharines, Ontario, propulsion plant.

GM 170
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GM and POSCO Chemical to process cathode active material at new $400M joint venture plant in Québec

Green Car Congress

General Motors and POSCO Chemical are working with the governments of Canada and Québec to build a new $400-million facility in Bécancour, Québec, to produce cathode active material (CAM) for GM’s Ultium batteries, which will power electric vehicles such as the Chevrolet Silverado EV, GMC HUMMER EV and Cadillac LYRIQ.

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