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DOE issues draft loan guarantee solicitation for up to $12.6B for advanced nuclear energy projects

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Once finalized, these loan guarantees will provide critical financing to help commercialize advanced nuclear energy technologies, supporting projects that are often unable to secure full commercial financing due to their scale and use of innovative technology.

Energy 252
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Continental extends term of Nikolai Setzer as CEO, appoints new board member for automotive group sector – ET Auto

Baua Electric

After graduating in economics, he began his career as a financial analyst at WestLB’s investment banking subsidiary in 2002, where he became vice president of corporate finance in 2005. In 2007, von Hirschheydt joined Continental as a project manager in the Mergers and Acquisitions department.

Auto 40
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Daimler takes 12% stake in Chinese parter BAIC Motor; first non-Chinese automotive company to acquire an interest in a Chinese OEM

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Earlier this year, BAIC was ranked second on KPMG’s Global Auto Executive Survey 2013, a ranking of the top automotive companies that are expected to gain market share in the future. BMBS); Mercedes-Benz Auto Finance Ltd. As one of China’s largest automakers, BAIC Group sold more than 1.7 million vehicles in 2012.

Chinese 259
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DOE releases draft of $8B loan guarantee solicitation for advanced fossil energy projects

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The Advanced Fossil Energy Projects solicitation, authorized by Title XVII of the Energy Policy Act of 2005 through Section 1703 of the Loan Guarantee Program, will be open for comments from industry, stakeholders, and the public until early September. The program is part of President Obama’s climate action plan. Earlier post.).

Energy 199
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VW To Invest 4B in China Expansion; Shanghai Volkswagen Produces its Five millionth Vehicle

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These investments will be financed from the cash flow of both Volkswagen joint ventures. Shanghai Volkswagen, with headquarters in Anting International Auto City, has four vehicle production plants, one engine plant, a technology center and a design center. billion RMB (€1.13 billion, US$1.7 billion RMB (€3.18 billion, US$4.7

China 150
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First Three Conditional Loan Commitments Under DOEs ATVM Program go to Ford Motor Company, Nissan Motors and Tesla Motors

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The Department plans to make additional loans under this program over the next several months to large and small auto manufacturers and parts suppliers up and down the production chain. billion in loans through 2011 to help finance numerous engineering advances to traditional internal combustion engines and electrified vehicles.

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Next 10 report finds California will meet or exceed original target of 1.5M ZEVs by 2025

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The report shows that projected global ZEV adoption from 2015 to 2039 (based on the BNEF 2017 forecast) may follow an s-curve, similar to that of smartphone adoption in the US from 2005 to 2015. Bloomberg New Energy Finance estimates battery cost will decline by almost 10% until 2025, when ZEVs will reach price parity with ICE vehicles.