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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. Infineon will fund the transaction with bank financing of US$720 million and US$130 million of cash-on-hand.

Power 150
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DOE to award $11M to 20 new Clean Cities projects for alt fuel cars and trucks

Green Car Congress

Natural Gas Credit Purchase system; deliver technical and safety workshops. Purchasing Agreements; train and deploy Energy Coaches who will work. The Unlocking Private Sector Financing for Alternative Fuel Vehicles and. North Carolina State. University, North. Carolina Solar Center. 499,918. .

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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. Second-ranked Australia last May entered a compact with the US to ensure reliable supplies of such critical minerals, with Canberra in October putting A$ 2 billion ($ 1.3

China 52
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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 the United States, more than 65% of ST customers come from outside the Ford brand, and more than 50% of Ford performance vehicle owners’ next vehicle purchase is a Ford. Millennials are purchasing ST vehicles at a rate twice that of other Ford-branded vehicles.

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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.

Emissions 256
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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.

GM 52