Green Car Congress

JUNE 6, 2022

The Stuttgart-based sports car manufacturer is participating in a Series D funding round by the Croatian automotive technology group Rimac Group. Porsche made its first investment in Rimac in 2018 and has successively increased its interest. The total volume of the round is €500 million, with Porsche investing an eight-figure sum.

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Porsche 2018 Financing Automobile 186

EV Life

AUGUST 24, 2023

American EV manufacturer Rivian Automotive initially unveiled a prototype of its futuristic all-electric SUV—the R1S—at the Los Angeles Auto Show in November 2018. The R1S joins the increasing number of attractive electric SUVs being debuted in the EV market.

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Financing Electric Vehicles Tax Credit Vehicles 52

Green Car Congress

OCTOBER 9, 2018

billion in the third quarter of 2018, down 6% from the same period last year, according to the latest Clean Energy Investment Trends report from research company Bloomberg NEF (BNEF). We’re seeing more companies raising funds as they look to make the jump from concept cars to high-volume manufacturing. —Colin McKerracher.

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Clean Cleaning Companies South Africa 259

Green Car Congress

FEBRUARY 4, 2021

START is a significant step forward for the aluminum industry as the first offering of this kind, setting a new standard on transparency, traceability and responsible production from mine to market. Across its aluminum operations, Rio Tinto’s greenhouse gas emissions intensity is 60% lower than the industry average. Earlier post.).

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Purchase Financing 2018 2016 365

Green Car Congress

OCTOBER 29, 2015

Panda Power Funds has financed the 1,124 megawatt Panda “Hummel Station” power plant—one of the largest coal-to-natural gas power conversion projects in the United States. The turbines for the Hummel generating station will be manufactured at Siemens’ manufacturing facility in Charlotte, North Carolina.

Coal 150

Coal Financing Conversion Power 150

Green Car Congress

APRIL 3, 2021

James Breyer founded Hercules Electric Vehicles in 2018 with a vision to bring luxury eco-utility products to market, beginning with an electric pickup truck and followed by other electric mobility products. Such materials and the underlying technologies lend themselves to low cost manufacturing and production scale-up.

Li-ion 365

Li-ion Batteries Battery Lithium Ion 365

Green Car Congress

JULY 28, 2015

Five years after first establishing a strategic cooperation, Daimler and the Renault-Nissan Alliance have expanded their collaboration with the start of a manufacturing joint venture in Aguascalientes in central Mexico. The new business entity COMPAS (Cooperation Manufacturing Plant Aguascalientes) is 50:50 owned by Daimler and Nissan.

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Mexico Nissan Infinity Manufacturer 150

Green Car Congress

APRIL 16, 2023

Under the project, which is designed to show that fleets can successfully scale their BET fleets, NFI will deploy and operate 30 electric Freightliner eCascadias and 20 Volvo VNR Electric trucks from its Ontario, California, warehouse facility to support its dedicated port drayage services for customers spanning from manufacturing to retail.

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Fleet California North America Los Angeles 259

Green Car Congress

JUNE 15, 2022

Mtpa of urea derived from green hydrogen for the Indian domestic market, as a substitution to current urea imports, and will invest around $5 billion in a 2 GW electrolyzer fed by renewable power from a 4 GW solar and wind farm. To start with, ANIL intends to develop a project to produce 1.3

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India Hydrogen Green Industrial 150

Green Car Congress

OCTOBER 20, 2015

November 27, oil consuming countries will celebrate the first anniversary of the Saudi decision to let market forces determine prices. Subsequently, to defend market share, the Saudis increased production, which exacerbated market oversupply and further pressured prices. This decision set crude prices on a downward path.

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Russia Saudi Arabia Oil Market 150

Green Car Congress

OCTOBER 21, 2021

This profit level was reached while incurring SBC expense attributable to the 2018 CEO award of $190 million in Q3, primarily driven by a new operational milestone becoming probable. billion in Q3, driven mainly by net debt and finance lease repayments of $1.5 billion in Q3, driven mainly by net debt and finance lease repayments of $1.5

Tesla 186

Tesla Financing 2018 Price 186

Green Car Congress

DECEMBER 27, 2013

Between 2014 and 2018, Audi will invest a total of around €22 billion (US$30 billion) into new models, innovations and the continuous expansion of the worldwide production network. —Axel Strotbek, Member of the Board of Management of AUDI AG for Finance and Organization. At the Hungarian site in Gy?r,

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Audi 2018 2014 North America 199

Green Car Congress

MARCH 9, 2021

Porsche joined the young technology and sports car company as an investor in 2018 and increased its stake to 15% in September 2019. Rimac is well on its way to becoming a Tier 1 supplier for Porsche and other manufacturers in the high-tech segment. It also produces electrically powered super sports cars.

Porsche 186

Porsche Financing IDEA Manufacturer 186

Green Car Congress

JULY 25, 2019

Toyota and DiDi announced collaboration on e-Palette in January 2018 ( earlier post ), and launched vehicle-related services, including a vehicle leasing service and various services for DiDi ride-hailing drivers at a Toyota dealer in May 2018. (GTMC) for vehicle-related services for ride-hailing drivers.

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Toyota Vehicles Maintenance China 170

Green Car Congress

NOVEMBER 29, 2019

In summer 2018, the 50:50 joint venture agreement was signed in Berlin in the presence of Chinese Premier Li Keqiang and German Chancellor Angela Merkel. As well as production, the innovative joint venture model also includes joint development of battery-electric vehicles in the world’s largest market for electromobility.

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Mini E BMW China Future 259

Green Car Congress

APRIL 24, 2022

Operation of the lithium plant and financing will be 100% carried out by POSCO Argentina, a subsidiary of POSCO Holdings. Construction of the brine lithium plant is to be completed in the first half of 2024, with annual production of 25,000 tons of lithium hydroxide. The total investment cost is about US$830 million (about KRW 0.95

Argentina 333

Argentina Global Batteries Battery 333

Green Car Congress

JULY 6, 2021

Oliver Blume, CEO of Porsche, and Mate Rimac, CEO of Rimac, signed the corresponding agreements and announced the name of the new hypercar manufacturer: Bugatti-Rimac. We already purchased the first shares in Rimac in 2018 and have successively increased our shareholding since then. We are now benefiting from that.

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Porsche Croatia Financing Electric 259

Green Car Congress

MAY 21, 2018

The electrification of road transport will move into top gear in the second half of the 2020s, due to tumbling battery costs and larger-scale manufacturing, with sales of electric cars surging to 28%, and those of electric buses to 84%, of their respective global markets by 2030. Source: Bloomberg New Energy Finance.

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Supplies China Financing Global 210

Green Car Congress

DECEMBER 17, 2020

In addition, Lightning eMotors is the only electric van manufacturer that supports wheelchair lifts, custom floor rails, and custom bus doors. We are the only manufacturer to offer a CARB-certified electric van in the Class 3 segment. —Tim Reeser, CEO of Lightning eMotors.

Batteries 448

Batteries Battery Fuel Electric 448

Green Car Congress

JANUARY 22, 2019

billion) in 2017 (2018 full year results to be released on 28 February), is a leading manufacturer of hydraulic systems, drives, motors, and components for the automotive, aerospace, HVAC, and energy industries. The transaction will be funded with Danfoss’ cash on hand and is not subject to any financing condition.

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Mariner Denmark 2019 Financing 223

Green Car Congress

MAY 27, 2019

The combination would create a brand portfolio that would provide full market coverage with a presence in all key segments from luxury/premium brands, such as Maserati and Alfa Romeo, to the strong access brands of Dacia and Lada, and would include the well-known Fiat, Renault, Jeep and Ram brands as well as commercial vehicles.

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North America America 2018 Nissan 286

Green Car Congress

APRIL 8, 2014

The US Department of Energy (DOE) released its five-year 2014-2018 Strategic Plan. Leverage increased private sector financing for deployment of “all of the above” energy technologies. The plan is organized into 12 strategic objectives aimed at three distinct goals: Science and Energy; Nuclear Security; and Management and Performance.

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2014 2018 Energy Climate Change 225

Green Car Congress

JULY 6, 2018

The objective is to further develop and market the service following an initial six month collaboration with project partners IBM and UBS, which successfully concluded this spring. The first pilot projects of Car eWallet are expected to be launched as early as the second half of 2018.

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Re-Charge Cars Connect Connected 170

Green Car Congress

APRIL 18, 2020

Individual regional forecasts are set to a downtrend, and supply chain impacts are being felt, as the consequences of the virus have shuttered manufacturing and supplier facilities around the world. million units, in the wake of the COVID-19 pandemic. decline in global real GDP in 2020.

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2020 Commercial Global Production 191

Green Car Congress

JULY 6, 2018

The objective is to further develop and market the service following an initial six month collaboration with project partners IBM and UBS, which successfully concluded this spring. The first pilot projects of Car eWallet are expected to be launched as early as the second half of 2018.

Re-Charge 150

Re-Charge Cars Connect Connected 150

Green Car Congress

MARCH 19, 2020

—Nicolas Peter, Member of the Board of Management of BMW AG, Finance. The BMW Group is already today a leading manufacturer and supplier of electrified vehicles and is currently in the process of expanding its range significantly. The growing proportion of electrified vehicles is also driving up manufacturing costs.

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BMW All-Electric Future Electric 291

Green Car Congress

OCTOBER 13, 2017

The meeting pulled together stakeholders from European industry—including automotive OEMs, chemical companies, energy companies and battery cell manufacturing companies—and member states to discuss the establishment of such a full value chain of batteries in Europe. The work starts immediately.

Europe 170

Europe Li-ion Batteries Battery 170

Green Car Congress

APRIL 23, 2019

Passport and Drive are set for expansion to four new markets in North America after a successful pilot in Atlanta. The Porsche Impact program is managed by South Pole, a Swiss-based provider of carbon offsetting and sustainability financing that has been active internationally for more than a decade.

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Porsche Carbon Atlanta Zimbabwe 207

Green Car Congress

DECEMBER 4, 2018

We are consistently prioritizing our resources for future-oriented products and services that are highly attractive and relevant to the market. In order to finance its course for the future from its own resources, the company is systematically rolling out the Audi Transformation Plan.

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Audi Kits Porsche Concept 275

Green Car Congress

NOVEMBER 21, 2014

billion (US$80 billion), on a level with the planning approved in the previous year for the period from 2014 to 2018. This will allow the Volkswagen Group systematically to continue its model rollout with a view to tapping new markets and segments. These investments will be financed from the joint ventures’ own funds.

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Poland 2018 2019 2015 317

Green Car Congress

NOVEMBER 14, 2018

This strategic collaboration with Weichai—a leading automotive equipment manufacturer specializing in the production of powertrains, automobiles, intelligent logistics, automotive parts and components—underscores our high conviction in the opportunity for Fuel Cell Electric Vehicles, or FCEVs, in China’s Heavy Duty Motive market.

Fuel 223

Fuel Power Powered Vehicles 223

Green Car Congress

JANUARY 10, 2019

billion, in line with financial charge taken for this purpose in third-quarter, 2018. In addition, FCA US will pay $19 million to the State of California for emissions mitigation initiatives, while also financing the upgrade of 200,000 high-efficiency catalytic converters through the aftermarket.

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Cost Of Diesel Emissions San Francisco 312

Green Car Congress

SEPTEMBER 30, 2018

According to the SEC’s complaint against him, Musk tweeted on 7 August 2018 that he could take Tesla private at $420 per share—a substantial premium to its trading price at the time—that funding for the transaction had been secured, and that the only remaining uncertainty was a shareholder vote.

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San Francisco Tesla Re-Charge Price 236

Green Car Congress

APRIL 11, 2018

Tenneco, one of the world’s leading designers, manufacturers and distributors of Ride Performance and Clean Air products and technology solutions for diversified markets, signed a definitive agreement to acquire Federal-Mogul, a leading global supplier to OEMs and the aftermarket. for a total consideration of $5.4

Companies 186

Companies 2019 Fuel Economy Clean 186

Green Car Congress

MAY 31, 2018

At the Movin’On 2018 mobility summit, Michelin announced its ambition that by 2048, all of its tires will be manufactured using 80% sustainable materials (recycled and renewable materials) and that 100% of all tires will be recycled. million in financing as part of the Investing in the Future program.

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2018 France Oil Georgia 199

Green Car Congress

APRIL 6, 2022

Bcomp, a leading manufacturer of high-performance components made from natural fibers, has closed its oversubscribed Series B financing round of CHF 32.4 million (US$35 million) with commitment from a range of mobility, financial, and impact investment companies. Starting with the iFE.20

Volvo 259

Volvo Porsche BMW Recharge 259

Green Car Congress

AUGUST 14, 2020

During the feasibility analysis in Phase One, work will focus on technology testing and roadway design, and exploring different financing models with an aim toward determining project viability from both a technology and business perspective. The announcement took place in front of Michigan Central Station which Ford purchased in 2018.

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Michigan Detroit Connect Connected 221