article thumbnail

Mullen announces $15.8M vehicle purchase agreement with MGT Lease Company for 250 Class 3 commercial EV trucks

Green Car Congress

Mullen Automotive, an emerging EV manufacturer, announced the signing of a vehicle purchase agreement with MGT Lease Company, a national fleet leasing provider, to purchase 250 all-electric commercial class 3 cab chassis EV trucks. The contract is valued at $15,755,000.

Purchase 259
article thumbnail

GM Investing $491 Million in Marion Metal Center in Indiana to Support EV Production

Electric Cars Report

General Motors said today it will invest $491 million at its Marion, Indiana metal stamping operations to prepare the facility to produce a variety of steel and aluminum stamped parts for future products, including electric vehicles, built at multiple GM assembly plants.

Indiana 109
article thumbnail

GM investing $491M in Marion Metal Center to support EV production

Green Car Congress

General Motors will invest $491 million at its Marion, Indiana metal stamping operations to prepare the facility to produce a variety of steel and aluminum stamped parts for future products, including electric vehicles, built at multiple GM assembly plants.

GM 247
article thumbnail

Bollinger Motors plans $44M growth alike Detroit, developing 237 jobs

Baua Electric

The board of the MEDC’s investment arm, the Michigan Strategic Treasure, on Tuesday licensed a $3 million performance-based handover for the venture, which the MEDC mentioned would offset the spare value of increasing in Michigan as opposed to a competing web site in Indiana. based Mullen purchased a 60% stake in Bollinger for $148.2

Detroit 52
article thumbnail

Electric Motors Corporation (EMC) Receives First Indiana Incentives to Launch Electric Automotive Technology

Green Car Congress

The State of Indiana is offering $4.6 million in tax credits and up to $200,000 in training grants to Electric Motors Corporation (EMC), based on the company’s plans to establish an electric vehicle industrial development park the state. Earlier in May, Electric Motors Corporation was acquired by Optimax Industries, Inc.,

Indiana 150
article thumbnail

Lordstown Motors to exhibit Endurance EV pickup at NTEA Work Truck Week

Teslarati

Lordstown Motors said today it will be bringing the Endurance all-electric pickup to the Association for the Work Truck Industry’s (NTEA) Work Truck Week event in Indianapolis, Indiana from March 9 to 11. Lordstown Motors hangs on by a thread, increasing costs and decreasing outlook.

Motor 92
article thumbnail

Honda begins production of 2023 Honda CR-V Hybrid in North America

Green Car Congress

The CR-V hybrid features a new two-motor hybrid system produced at Honda’s Ohio Transmission Plant (TMP-O), and a newly refined Atkinson-cycle engine unique to hybrid models that is made at the Anna Engine Plant (AEP), also in Ohio. This new configuration allows for the use of a larger propulsion motor with increased torque output.