article thumbnail

Geely raises $400M via Green Bonds sale to develop and produce TX5 range-extended electric London taxis

Green Car Congress

China’s Zhejiang Geely Holding Group (ZGH) has raised $400 million through the first Green Bond sale on the offshore market from a Chinese automobile company to support the design, development and production of range-extended electric vehicles by its UK subsidiary, the LondonTaxi Company (LTC), manufacturer of the iconic London Black Cab.

London 170
article thumbnail

IBM patents cognitive system to manage self-driving vehicles

Green Car Congress

IBM scientists have been granted a patent around a machine learning system that can dynamically shift control of an autonomous vehicle between a human driver and a vehicle control processor in the event of a potential emergency, providing a safety measure that can contribute to accident prevention. The patent was filed 25 September 2015.

Vehicles 150
article thumbnail

Researchers synthesize magnetic nanoparticles that could offer alternative to rare earth magnets

Green Car Congress

Permanent magnets, specifically those containing rare earth metals, are an important component used by the electronics, communications and automobile industries, as well as in radars and other applications. Department of Energy (DOE) through grant DE-SC0006420. The research was supported by ARPA-e REACT project 1574-1674 and the U.

article thumbnail

1.65 lakhs electric vehicles supported under the FAME II scheme 

Electric Vehicles India

As per the Society of Indian Automobile Manufacturers (SIAM) report, the Auto industry generates employment of 13 persons for each truck, 6 persons for each car and four persons for every three-wheeler and one person for two-wheelers. in 68 cities across 25 States/UTs and 1576 charging stations amounting to Rs. 108 crores (approx.)

article thumbnail

Québec moves forward with a zero-emission vehicle standard

Green Car Congress

In its 2015-2020 Transportation Electrification Action Plan, Québec set a target of 100,000 registered plug-in vehicles by 2020. The goal of the ZEV standard is to incentivize automobile manufacturers to build more models and use increasingly efficient low-carbon technology.

Standards 150
article thumbnail

Volkswagen & Audi to pay >$14.7B in US to settle 2.0L diesel emissions case; $2B of that to promote ZEVs

Green Car Congress

Under the terms of the proposed class settlement, eligible owner class members who choose the Buyback Program will receive a payment equal to the September 2015 National Automobile Dealers Association (“NADA”) Clean Trade-In value of the car (before the emissions conduct became public), adjusted for their options and mileage.

Audi 150
article thumbnail

CMU, Ford, Drexel study suggests Chinese more receptive to adopting BEVs than Americans, regardless of subsidies

Green Car Congress

Given that China is now the largest consumer and producer of automobiles worldwide, the trends in China’s market and the strategies of automakers and government in China have the potential to change the economic incentives for emerging technology development worldwide. Michalek (2015) “Will subsidies drive electric vehicle adoption?

Chinese 150