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PEM electrolyzer company Ohmium closes $45M Series B; quadrupling manufacturing capacity

Green Car Congress

PEM electrolyzer company Ohmium International closed a $45-million Series B financing round. The company has research and development facilities in the United States and India; manufacturing operations are in India. —Arne Ballantine, CEO of Ohmium International.

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Hagerty Canceling Detroit Concours d'Elegance for 2024

The Truth About Cars

The annual Detroit Concours d'Elegance is being canceled this year so Hagerty can reassess the event. While the company has stated that it remains committed to the Concours, the messaging was mixed enough to leave doubts about whether there will actually be another one. Thanks for riding with us. Thanks for riding with us.

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Biden Administration reports highlight supply chain vulnerabilities for batteries, critical materials

Green Car Congress

Several strategies, including public investments in R&D, domestic demand incentives, and strategic international partnerships have been used to support both resilience and competitiveness of key economic sectors. Limited international coordination. Geographic concentration in global sourcing. Critical minerals and materials.

Supplies 170
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The US’s largest solar panel maker opens a 3.3 GW factory in India

Baua Electric

The US International Development Finance Corporation (DFC) provided $500 million of the $700 million in financing for First Solar’s India factory. That’s good for the United States and it’s good for India. Since 2020, First Solar has embarked on a $4.1

India 52
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UCLA, UC Davis host world conference on electric vehicles and cities prior to EVS26

Green Car Congress

The one-day conference brings together more than 300 government leaders, business executives and nonprofit directors from a variety of countries, including Australia, China, England, France, Japan, Germany, the Netherlands, Portugal, Sweden, Spain and the United States.

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Lucid signs agreement with Saudi Arabia for 155k unit capacity manufacturing facility

Teslarati

Lucid announced it had officially signed agreements with the Ministry of Investment of Saudi Arabia (“MISA”), the Saudi Industrial Development Fund (“SIDF”), Emaar, The Economic City, at King Abdullah Economic City (“KAEC”), and Gulf International Bank (“GIB”).

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Ford CEO: Ford to focus on 5 key areas of innovation: mobility, autonomy, connectivity, customer experience and performance

Green Car Congress

In a pre-Christmas media event, Ford president and CEO Mark Fields said while 2014 was a good year for the company, 2015 has the potential to be a “ breakthrough year ”. In conjunction with the media event, Ford announced that it, Magna International Inc. Earlier post.).

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