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BorgWarner to invest $500M in Wolfspeed, securing up to $650M in annual capacity for SiC devices

Green Car Congress

billion financing transaction in exchange for a silicon carbide device capacity corridor. Under the multi-year agreement between BorgWarner and Wolfspeed, BorgWarner will be entitled to purchase up to $650 million of devices annually as BorgWarner requirements increase. —Gregg Lowe, President and CEO for Wolfspeed.

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Infineon buys Wolfspeed Power for $850M cash; power semiconductors for electromobility

Green Car Congress

The purchase price for this planned all-cash transaction is US$850 million (~€740 million). Wolfspeed is based in Research Triangle Park, North Carolina, USA, and has been a part of Cree for almost three decades. Wolfspeed’s SiC-based product portfolio ideally adds to Infineon’s offering. Earlier post.)

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It’s too late to China-proof the lithium supply chain – ET Auto

Baua Electric

billion) into a financing facility to support exports. the Charlotte, North Carolina-based miner whose processing plant Yellen visited during her trip to Chile. A third of the company’s product went to the country in 2022, overtaking the US for the first time. Take Albemarle Corp., Pilbara Minerals Ltd., and Tesla Inc.

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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

Fields said that Ford’s investments in products, people, plants and technology, combined with industry growth, are not only delivering a year of growth in terms of revenue, pricing power, operating margins and profitability in 2014, but are setting the stage for growth in and beyond 2015. We are transforming our approach to performance.

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US DOT Awards $100M in Recovery Act Funds to 43 Transit Projects to Reduce Energy Consumption and Greenhouse Gas Emissions

Green Car Congress

Stationary Fuel Cells and Hybrid Transit Buses Incremental Costs: The purchase of diesel-electric hybrid transit buses and stationary fuel cells for use in the statewide bus system in Connecticut. Statewide Paratransit Bus Hybrid Program: Purchase 31 paratransit hybrid buses to replace 31 gas and diesel vehicles.

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FedEx and VW EV Plans, Second GM Battery Factory – EV Week in Review: Mar 2 – Mar 8

EV Adoption

For example, by 2025, 50% of FedEx Express global PUD vehicle purchases will be electric, rising to 100% of all purchases by 2030. ” – March 7, Business Insider via Yahoo Finance. FedEx plans to accomplish this through phased programs to replace existing vehicles. – March 5, via FedEx press release.

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