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In-wheel electric drive company Protean Electric raises $40M; JV with Weifu

Green Car Congress

The Series E financing proceeds will support Protean’s on-going business activities and help to establish a global licensing model covering all key markets. Under the leadership of Protean’s technology center in England, the joint venture will support product development and continuous engineering of in-wheel motor products.

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Protean Electric raises $70M to accelerate adoption of in-wheel drive systems for electrified vehicles in China

Green Car Congress

Existing investors Oak Investment Partners and GSR Ventures co-invested in Protean’s equity financing round. The investment follows Protean’s announcement in May that it is setting up a manufacturing site in Tianjin, China to commercialize its model PD18 in-wheel motor in order to meet customer demand.

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Hyundai Offering Free Chargers to EV Buyers, Swelling Industry Incentives

The Truth About Cars

While the ChargePoint device is framed as being free, it does require the purchase of a new automobile through the automaker’s captive finance arm Hyundai Capital America. The scheme was to have the United Kingdom restrict citizens from purchasing new combustion vehicles by 2030. EV mandates and restrictive urban planning (e.g.

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Penske Seeking to Buy Saturn

Green Car Congress

General Motors Corp. If completed, the deal would save more than 350 dealerships and 13,000 jobs at Saturn and its retailers in the United States, and would preserve the Saturn brand. and Penske Automotive Group confirmed details of a proposed transaction under which Penske would acquire the Saturn brand. Earlier post.)

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Navigant Research forecasts new EV global sales of > 346,000 units in 2014; 10 predictions for the year

Green Car Congress

Broadly, Navigant expects expansion in both the higher end of the market (thereby putting competitive pressure on Tesla Motors), as Audi, BMW, Cadillac, Mercedes, Saab, and Volvo introduce their first plug-in cars. Tesla Motors will have a bumpy year. million electric-drive motors will ship in 2014: HEVs, PHEVs, and BEVs.

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Nissan to make electic car batteries at Sunderland plant

Green Cars News

Nissan Motor Co., Ltd along with the Renault-Nissan Alliance, today announced together with the governments of the United Kingdom and Portugal their plans to build two plants for the production of its advanced lithium-ion batteries in Europe. Besides that, it is a crucial step to transform Portugal into Europe’s EV Eco-Valley.”.

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Drive Electric Submission on the Emissions Reduction Plan Discussion Document

Drive Electric

One of the largest RHD markets, the United Kingdom, has been transitioning towards this outcome for many years creating an “Office of Low Emission Vehicles” in 2014. Slovenia, Iceland, the Netherlands, Ireland, India, Denmark, Sweden, Israel, Germany and the United Kingdom all have 2030 deadlines. In the U.S.