Green Car Congress

JANUARY 31, 2023

With its new EV supply chain coming online, Ford says it is significantly increasing production of the Mustang Mach-E this year to help reduce customer wait times and to take advantage of streamlined costs to reduce prices across the board, making Mustang Mach-E even more accessible to customers and keeping it competitive in the marketplace.

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Ford Price Production SUV 434

Green Car Congress

SEPTEMBER 28, 2020

According to the terms of the Cooperation Agreement, Guangzhou GET Investment agrees to provide RMB 4 billion (US$586 million) in financing to help fuel XPeng’s growth as well as support the construction of a new smart EV manufacturing base for XPeng in the Guangzhou Economic and Technological Development Zone.

Financing 170

Financing Manufacturer China Chinese 170

Green Car Congress

SEPTEMBER 22, 2022

Advanced materials technology company Sylvatex (SVX) announced a new proprietary waterless production method that delivers premium EV-grade cathode active materials (CAM) at lower costs and that allows for a broader material input supply base to enable demand growth. SVX recently closed a Series A funding of $8.4

Li-ion 259

Li-ion Manufacturer Lithium Ion Batteries 259

Green Car Congress

NOVEMBER 15, 2022

11/14/2022 The selection of the site for its manufacturing facility represents a key next step as Archer works towards its goal of being first in the industry to bring up a high-capacity production facility. Construction is expected to be completed in the first half of 2024, with initial production expected to begin later that year.

Georgia 199

Georgia Manufacturer Financing Grant 199

Green Car Congress

JULY 31, 2014

Skeleton Technologies, a manufacturer of high power- and energy-density ultracapacitors ( earlier post ) has completed Round A financing of €3.9 The financing will be used for production scale-up and product development in addition to sales and marketing efforts. million (US$5.4 —Taavi Madiberk.

Financing 247

Financing Manufacturer Estonia Germany 247

Green Car Congress

OCTOBER 13, 2020

million and will be used to increase and accelerate production volume, advance new products to market, replace previous higher cost financings, and support current working capital and other general corporate purposes. The proceeds of the offering before expenses are expected to be approximately $194.5

Financing 186

Financing Convert Corporation Price 186

Green Car Congress

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. Earlier post.). Today, these magnets rely on rare earth elements. Today, these magnets rely on rare earth elements.

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Grant Production Wind Clean 345

Green Car Congress

OCTOBER 25, 2022

AM Batteries (AMB), a developer of lithium-ion dry-electrode technology, closed its Series A financing. One of the fundamental issues with today’s lithium-ion battery manufacturing process is the heavy carbon footprint, energy consumption, and cost from the solvent evaporation and recovery process needed for electrode fabrication.

Lithium Ion 150

Lithium Ion Manufacturer Batteries Battery 150

Green Car Congress

MARCH 7, 2023

More than two-thirds (68%) of lithium-ion battery production planned for Europe is at risk of being delayed, scaled down or cancelled, according to new analysis by the European NGO Transport & Environment. Battery production capacity equivalent to 18 million electric cars—1.2 Europe must act or risk losing it all.

Companies 430

Companies Batteries Battery Production 430

Green Car Congress

SEPTEMBER 22, 2021

The combined capabilities will enable the strategic collaboration partnership to offer innovative and reliable electrified propulsion solutions to commercial vehicle manufacturers around the world.

Commercial 296

Commercial Global Market Vehicles 296

Green Car Congress

APRIL 15, 2022

PEM electrolyzer company Ohmium International closed a $45-million Series B financing round. The funds will support Ohmium’s rapid growth plan to quadruple hydrogen manufacturing capacity from 500 MW annually to approximately two GW annually by the end of 2022. We can no longer tie our economies to unreliable fossil fuels.

Manufacturer 225

Manufacturer Companies India Hydrogen 225

Green Car Congress

JULY 14, 2021

Volkswagen Group executives laid out the basics of the new Group strategy “NEW AUTO – Mobility for Generations to Come”, which will see the Group realign from being a from vehicle manufacturer to a leading, global software-driven mobility provider. Like the MEB today, the SSP will be open to other auto manufacturers.

Manufacturer 435

Manufacturer Auto Fleet Future 435

Green Car Congress

MARCH 22, 2022

billion over the next five years in the North American region (NAR) (Canada, Mexico, United States) to boost its product portfolio, regional R&D and manufacturing capabilities. This strategy builds on the company’s preparation of its Chattanooga facilities for local EV production. Volkswagen will commit $7.1 Assembly of the ID.4

North America 195

North America America Manufacturer San Jose 195

Green Car Congress

NOVEMBER 25, 2019

Group14 Technologies announced $18 million in new financing from Amperex Technologies Limited (ATL), Showa Denko (SDK), Cabot Corporation, BASF Venture Capital, and OVP Venture Partners. The new funds will be used to scale-up manufacturing of a next-generation silicon-carbon composite anode material and advance into commercial production.

Financing 243

Financing Carbon Li-ion Lithium Ion 243

Green Car Congress

SEPTEMBER 19, 2021

Germany’s Federal Ministry of Transport and Digital Infrastructure (BMVI) is awarding €80 million to the Fraunhofer-Gesellschaft’s National Action Plan for Fuel Cell Production. The alliance with the Fraunhofer-Gesellschaft is a new dimension for advancing fuel cell production. —Prof.

Fuel 322

Fuel Production Hydrogen Germany 322

Green Car Congress

MARCH 3, 2022

million units and secure 7% of global market share by 2030 by strengthening its line-up with 17 new BEV models by 2030; 11 for Hyundai models and 6 for Genesis luxury brand. Presentation of Gang Hyun Seo, Executive Vice President and Head of Finance & Accounting Division at Hyundai Motor Company. Optimizing EV manufacturing capacity.

Hyundai 370

Hyundai Global Motors Motoring 370

Green Car Congress

AUGUST 20, 2019

The financing was co-led by The Engine and by The GOOSE Society of Texas. Syzygy is advancing a new photocatalytic chemical reactor that could significantly reduce the cost and carbon emissions in the production process for a wide range of major chemicals such as fuel, fertilizer, and plastic. million in Series A funding.

Manufacturer 371

Manufacturer Fuel Clean Cleaning 371

Green Car Congress

SEPTEMBER 23, 2021

6K, a developer of microwave plasma technology for the production of advanced materials for energy storage and additive manufacturing powders ( earlier post ), closed a $51M Series C financing round. 6K’s UniMelt platform offers multifaceted sustainability benefits.

Manufacturer 170

Manufacturer Global Batteries Battery 170

Green Car Congress

MARCH 24, 2021

To support these developments and be able to offer a complete and competitive Renault Trucks range on the market, the company is setting up an organization dedicated to electric mobility. As trucks have a lifespan of at least ten years, all trucks manufactured by 2040 must run without fossil fuels. As regards the marketing of its Z.E.

Range 459

Range Market Volvo Electric 459

Green Car Congress

OCTOBER 1, 2020

The proceeds of the bond will be used to fund the design, development and manufacturing of fully electric cars in line with the company’s recently established Green Finance Framework. A report will be issued annually to provide full transparency to investors. —Carla de Geyseleer, Chief Financial Officer.

Volvo 514

Volvo Green Luxembourg Cars 514

Green Car Congress

DECEMBER 30, 2022

Graphex has more ethan a decade of commercial experience producing 10,000 metric tons per annum of battery-grade purified spherical graphite at its facility in Heilongjiang Province, China, for the power battery market. Graphex has a roadmap to grow production 40,000 metric tonnes per year over the next 3 years.

Australia 170

Australia Supplies Li-ion Manufacturer 170

Green Car Congress

JUNE 30, 2015

Battery-eletcric bus manufacturer Proterra has completed a $55M strategic financing. This signals a new growth phase for the company, as Proterra scales production to meet growing demand and accelerates cash realization. Proterra closed a $30-million Series 4 equity round led by $19 million from several new strategic investors.

Financing 150

Financing California Grant 2015 150

Green Car Congress

JULY 28, 2022

This marks the first loan from the Advanced Technology Vehicles Manufacturing (ATVM) Loan Program since 2011, and the first ATVM loan exclusively for a supply chain manufacturing project. The loan will help finance the construction of the Syrah Vidalia Facility. Vidalia Battery Anode Material Project Site Overview.

Mozambique 243

Mozambique Production Louisiana Lithium Ion 243

Green Car Congress

JULY 26, 2021

The financing round was led by LDV Partners and Alpha JWC Ventures. Venti provides autonomous systems such as tug-trailers for goods movement in manufacturing yards, warehouses, and logistics hubs; self-driving prime movers for the transport of shipping containers; and small luxury community transports.

Transportation 321

Transportation MIT Supplies Market 321

Teslarati

MARCH 18, 2024

Fisker will pause production of its electric vehicles (EVs) for six weeks, and the company also says it has received a financial commitment of up to $150 million amidst financial concerns. BusinessUpdate We have received a financing commitment of up to $150 million. Fisker also says it has delivered around 1,300 EVs so far this year.

Fisker 99

Fisker Production Financing Convert 99

Green Car Congress

DECEMBER 13, 2013

The US Department of Energy (DOE) has issued a Request for Information (RFI) ( DE-FOA-0001055 ) for light-duty fuel cell electric vehicles (FCEV) fueling infrastructure financing strategies within the context of an early market introduction. This function is often vertically integrated with hydrogen production.

Financing 270

Financing Light Fuel Hydrogen 270

Teslarati

MARCH 28, 2024

Ford is cutting its F-150 Lightning production workforce by two-thirds as the company continues to try and ramp manufacturing of electric vehicles and work toward profitability. This amounts to 700 production employees. The post Ford cutting F-150 Lightning production workforce by two-thirds appeared first on TESLARATI.

F-150 125

F-150 Ford Production Louisville 125

Green Car Congress

SEPTEMBER 2, 2023

This includes making available $2 billion in grants and up to $10 billion in loans to support automotive manufacturing conversion projects that retain high-quality jobs in communities that currently host these manufacturing facilities. Converting and Retrofitting America’s Manufacturing Plants.

Conversion 279

Conversion Grant Manufacturer Supplies 279

Green Car Congress

SEPTEMBER 1, 2023

Eos Energy, a provider of safe, scalable, efficient, and sustainable zinc-powered long-duration stationary energy storage systems, announced Project AMAZE (American Made Zinc Energy), a $500-million planned expansion and a significant milestone to build 8 GWh of clean energy storage production capacity.

Energy Storage 195

Energy Storage Energy Polymer Legal 195

Green Car Congress

SEPTEMBER 10, 2018

Farasis Energy, a global developer and manufacturer of lithium-ion cells, modules and large battery systems, recently completed C-round financing exceeding 1 Billion US dollars. The compay will use the capital raised to accelerate the expansion of its global automotive battery manufacturing infrastructure.

Li-ion 239

Li-ion Manufacturer Global Batteries 239

Green Car Congress

MARCH 6, 2021

The technology can serve the fast-growing electrified vehicles and hydrogen transportation markets. Our main focus is on electrified vehicles and hydrogen transportation markets because our products allow them to function more efficiently and drive their costs down. million ($48.5

Market 257

Market Lithium Ion Energy Storage Hydrogen 257

Green Car Congress

OCTOBER 20, 2022

billion to 21 projects to expand domestic manufacturing of batteries for electric vehicles (EVs) and the electrical grid and for materials and components currently imported from other countries. This US-owned and operated manufacturing plant in northern Alabama will be the first of its size in North America. Earlier post.) Of that, $1.6

Parts 459

Parts Batteries Battery Lithium Ion 459

Green Car Congress

JUNE 10, 2023

The US Department of Energy’s (DOE) Loan Programs Office (LPO) announced a conditional commitment for an $850-million loan to help finance the construction of KORE Power ’s advanced battery cell manufacturing facility in Buckeye, Arizona. million gallons of gasoline per year.

Arizona 300

Arizona Batteries Battery Power 300

Green Car Congress

NOVEMBER 28, 2021

The funding is led by the venture arm of MANN+HUMMEL (a global market leader in filtration and separations), Energy Revolution Ventures from the UK, Volta.VC Hydrogen production is also a major emitter of CO 2 , generating approximately 1000 million tons or more than 2% of global O 2 emissions. and many other production facilities.

Commercial 418

Commercial Hydrogen New York Polymer 418

Green Car Congress

JULY 10, 2012

GE Capital’s Commercial Distribution Finance (CDF) business has agreed to provide Brammo Inc. with inventory financing to support the expansion of its dealer network in the US. The Ashland, OR-based manufacturer designs and develops electric motorcycles. Brammo products are on permanent display at the Vehicle Innovation Center.

Electric Motorcycles 230

Electric Motorcycles Financing Motorcycles North America 230

Green Car Congress

JANUARY 27, 2022

Baidu’s intelligent electric vehicle arm JIDU has closed Series A financing, raising nearly $400 million. This round of financing was backed by Baidu and its strategic partner multinational auto manufacturer Zhejiang Geely Holding Group. Now, in the span of ten months, JIDU has received a new round of financing.

Companies 186

Companies Financing Cars Auto 186

Green Car Congress

JULY 9, 2023

—POSCO Group CEO Jeong-woo Choi The new lithium factory is anticipated to have an annual production capacity of 25,000 tons of lithium hydroxide—sufficient for manufacturing approximately 600,000 electric vehicles. The subsequent production of lithium hydroxide will take place in South Korea. Earlier post.)

Argentina 369

Argentina South Korea South America Financing 369