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USDOT awarding $55M to support purchase of Low-No buses; electric buses and infrastructure

Green Car Congress

Eligible projects included those that replace, rehabilitate, lease, and purchase buses and related equipment as well as projects to purchase, rehabilitate, construct or lease bus-related facilities, such as buildings for bus storage and maintenance. million for hydrogen fuel cell buses. Description. City of Fairfield. 746,456.

Purchase 191
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A123 Systems and Wanxiang execute definitive agreements for investment of up to $465M in A123

Green Car Congress

companies, so we also believe that we will continue to expand on our strong manufacturing and systems engineering capabilities in Michigan and Massachusetts. Subsequently, upon satisfaction of certain closing conditions, Wanxiang would purchase $200 million aggregate principal amount of A123’s 8.00% Senior Secured Convertible Notes.

Convert 231
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A123 Systems in non-binding MoU with Wanxiang for strategic investment of up to $450M; Wanxiang would own up to 80% of A123 common stock

Green Car Congress

A123 offers industry-leading technology for vehicle electrification and grid-scale energy storage, as well as strong manufacturing and systems engineering capabilities in Michigan and Massachusetts. 2Q 2012 results. This balance does not reflect $6.8 Cash and cash equivalents were $113.1 million as of 31 March 2012.

2012 273
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Toyota FCV Mirai launches in LA; initial TFCS specs; $57,500 or $499 lease; leaning on Prius analogy

Green Car Congress

The Mirai uses the Toyota Fuel Cell System (TFCS), which features both fuel cell technology and hybrid technology, and includes proprietary Toyota-developed components including the fuel cell (FC) Stack, FC boost converter, and high-pressure hydrogen tanks. FC Boost Converter. The system accelerates Mirai from 0–60 in 9.0

Prius 296