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Tesla reports net profit, positive cash flow and better margins for Q3 2018 on Model 3 successes

Green Car Congress

For the third quarter of 2018, Tesla reported GAAP net income of $312 million; free cash flow of $881 million, supported by operating cash flow of $1.4 Q3 2018 was a truly historic quarter for Tesla. A new medium range model is priced at $46,000. billion; and a Model 3 GAAP gross margin of more than 20%.

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Cummins Westport announces MY 2018 natural gas engine line-up; near zero NOx

Green Car Congress

Cummins Westport (CWI) announced its model year 2018 dedicated natural gas engines for regional haul truck / tractor, vocational and transit, school bus, and refuse applications at the Alternative Clean Transportation (ACT) Expo in Long Beach, California. For example, on highway natural gas trucks can have over 700 mile range capability.

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New California program to make clean cars affordable for lower-income residents

Green Car Congress

To date, Beneficial State Foundation has already received more than 900 applications and awarded 24 grants for cars ranging from a 2018 Nissan Leaf to a 2014 Kia Optima Hybrid. The Cap-and-Trade program also creates a financial incentive for industries to invest in clean technologies and develop innovative ways to reduce pollution.

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Hyundai Motor accelerates hydrogen technology development through 3 strategic investments

Green Car Congress

Our investment in these innovative companies will reduce the production cost of FCEVs and enhance the safety and affordability of hydrogen infrastructure. H2Pro is an Israeli startup that developed the E-TAC (electrochemical, thermally active chemical) water splitting technology, which is efficient, affordable, and safe.

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2018 Nissan Leaf spy shots: our question on electric car update

Green Car Reports

It's the long-missing member of the trio, the last of three affordable electric cars with 200-plus miles of range expected to go into production this year. But until now, we've heard almost nothing about the 2018 Nissan Leaf.

2018 60
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Riversimple introduces Rasa prototype two-seater fuel cell vehicle; 300 miles on 1.5kg H2; production version in 2018

Green Car Congress

million) grant from the Welsh government in 2015, the Rasa was designed for lightness, strength, affordability and safety. The result is a range of up to 300 miles (483 kg) on 1.5kg of hydrogen and a top speed of 60 mph. Riversimple Movement Ltd. Earlier post.) Supported by a £2-million (US$2.9-million)

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Adamas Intelligence: EV market is growing fast, the EV itself is evolving even faster

Green Car Congress

In 2018, 4.28 Automakers such as VW are building their next-generation EVs around the concept of a low-cost and scalable modular platform that will be shared across the maker’s model lineup, enabling it to thrust its EVs from niche to affordable mass market. kWh in December 2018. over the year prior—amounting to 5.2%

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