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Niron Magnetics secures $17.5M ARPA-E SCALEUP grant to boost production of FeN magnets

Green Car Congress

million grant as part of its Seeding Critical Advances for Leading Energy technologies with Untapped Potential (SCALEUP) program. 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.

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Niron Magnetics raises $21.3M to commercialize rare-earth-free iron-nitride magnets

Green Car Congress

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. 2019.165962.

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American Suzuki Motor receives bankruptcy court approval of up to $100M in Debtor-In-Possession (DIP) financing

Green Car Congress

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.) Earlier post.)

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Hyundai bringing XCIENT Fuel Cell trucks to California

Green Car Congress

Hyundai Motor Company will deploy the company’s latest hydrogen fuel cell electric heavy-duty trucks in California in two publicly funded projects to improve the air quality in the region. Hyundai Motor and its fleet partner plan to begin operating these trucks in August. 30 XCIENT Fuel Cell trucks in northern California by early 2023.

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CT legislature passes highway usage tax on heavy trucks

Green Car Congress

The Connecticut General Assembly has passed HB 6688 , a bill that imposes a highway use tax (HUT) on every carrier for operating, or causing to be operated, certain heavy, multi-unit motor vehicles (Class 8-13) on any highway (i.e., DRS must grant and issue a permit to a carrier upon receiving its fully completed application.

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Electric Vehicle Spotlight: Financing a Volkswagen ID.4

EV Life

4 has to offer, compare available trims, and take a look at how you can save money with EV incentives by financing through EV Life. All-wheel-drive is optional, adding a second motor for the front wheels and increasing its horsepower, and includes a heated windshield and tow hitch. Volkswagen ID.4 Volkswagen ID.4 Volkswagen ID.4

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Broad-Ocean Motor in strategic collaboration with Ballard; $28.3M investment, 9.9% ownership; initial order for 10,000 fuel cell vehicles

Green Car Congress

Zhongshan Broad-Ocean Motor Co., Founded in 1994, Broad-Ocean is a global manufacturer of motors that power small and specialized electric machinery for electric vehicles (EVs), including buses, commercial vehicles and passenger vehicles, and for heating, ventilation and air conditioning (HVAC). ownership interest.

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