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Solid-state battery company Quantumscape to list on NYSE; $3.3B valuation

Green Car Congress

QuantumScape Corporation, a developer of next generation solid-state lithium-metal batteries for use in electric vehicles, and Kensington Capital Acquisition Corp., a special purpose acquisition company (SPAC), announced a definitive agreement for a business combination that would result in QuantumScape becoming a publicly listed company.

Companies 468
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Mazda RX-8 production to end summer 2012; company says rotary engine development will continue

Green Car Congress

Mazda Motor Corporation has announced the Mazda RX-8 SPIRIT R, a special edition version of its four-door, four-seat rotary-engined sports car. Mazda will cease RX-8 production will end in June 2012 and SPIRIT R will be the final special edition model.

Mazda 247
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Toyota targeting production of more than 10 million vehicles in CY 2012

Green Car Congress

Toyota Motor Corporation (TMC) has revised its calendar year 2012 sales and production plans, targeting worldwide production of 10,050,000 vehicles and worldwide sales of 9,760,000 vehicles for the year. The company is planning a 28% increase in production of Toyota vehicles alone to 8,870,000 units.

2012 225
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Volvo Car Corporation to Introduce Diesel Plug-in Hybrid in Europe in 2012

Green Car Congress

Volvo Car Corporation is postponing its plans to produce a full hybrid based on a diesel engine and instead will introduce a series-produced plug-in diesel hybrid (PHEV) in Europe as early as 2012. The series-production PHEVs will feature “somewhat different” technology. Stephen Odell, President and CEO of Volvo Car Corporation.

Plug-in 240
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Volvo Car Corporation Confirms Introduction of PHEV Diesel in 2012; C30 BEV Production in 2011

Green Car Congress

Volvo Cars confirmed that it will introduce a series-produced plug-in hybrid diesel as early as 2012. Volvo had first suggested the 2012 date for a diesel PHEV in September 2009. A new company was founded, V2 Plug-in-Hybrid Vehicle Partnership, as a result of this cross-border initiative. Earlier post.). Earlier post.).

Volvo 170
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Volvo Car Corporation begins production of the Volvo C30 Electric for leasing customers in Europe

Green Car Congress

The Volvo Car Corporation has begun production of the C30 Electric ( earlier post ); initial deliveries to leasing customers, mainly companies, authorities and governmental bodies, will take place immediately after the summer. Volvo says it will build about 250 cars by the end of 2012, possibly more if market interest takes off.

Volvo 218
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Mazda and Sumitomo to establish vehicle production plant in Mexico and sales company in Brazil

Green Car Congress

Mazda Motor Corporation has signed formal agreements and begun preparations to establish a Mazda vehicle production facility in Mexico and a sales company in Brazil, in alliance with Sumitomo Corporation. Mazda will hold 70% of both the production plant and the sales company; Sumitomo will hold 30% of each.

Mazda 199