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Electric pickup startup Lordstown Motors goes public via SPAC; $1.6B transaction

Green Car Congress

Lordstown Motors Corporation, a startup developing an all-electric pickup truck serving the commercial fleet market, merged with DiamondPeak Holdings Corporation, a special purpose acquisition company (SPAC). billion transaction provides Lordstown Motors with $675 million of gross proceeds.

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Mitsubishi Motors Corporation (MMC) unveils MI-TECH CONCEPT small SUV PHEV

Green Car Congress

Mitsubishi Motors Corporation (MMC) unveiled the MI-TECH CONCEPT electrified small SUV concept car at the Tokyo Motor Show 2019. The company is also showcasing the twin-motor, 4WD Engelberg Tourer, unveiled in March in Geneva ( earlier post ). Electric 4WD system.

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Hyundai Motor expands partnership with US Government to support further exploration of hydrogen fuel cell technologies

Green Car Congress

Hyundai Motor Company is expanding its partnership with the US Department of Energy (DOE) and its support of the DOE Hydrogen and Fuel Cells Program. Euisun Chung, Executive Vice Chairman of Hyundai Motor Group and Under Secretary of Energy Mark W. Hyundai provided its first NEXO SUV to the DOE in 2019. Kia Motors Corp.

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Subaru unveils Levorg Prototype with new 1.8L boxer engine at Tokyo Motor Show 2019

Green Car Congress

Subaru Corporation unveiled the Subaru Levorg Prototype at the 46 th Tokyo Motor Show 2019. The concept for the second-generation of the Levorg features a newly developed 1.8L horizontally-opposed direct-injection turbo engine. The first-generation version, which launched in the Japanese market in 2014, offered 1.6L

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Toyota to show production-ready ultra-compact BEV at 2019 Tokyo Motor Show; introducing new BEV business model

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Toyota Motor will display its new, production-ready Ultra-compact BEV (battery electric vehicle) at the FUTURE EXPO special exhibition of the 2019 Tokyo Motor Show ahead of the vehicle’s planned commercial launch in Japan in 2020.

2019 170
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Hyundai Motor and Kia revamp R&D organization to make it more agile, flexible and independent like startups

Green Car Congress

Hyundai Motor Company and Kia Corporation are reorganizing their joint research and development (R&D) organization to be able to respond flexibly to the rapidly changing global automotive industry, advance the transition to electrification and accelerate the development of Software Defined Vehicles (SDVs).

Kia 417
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Subaru’s first global all-electric vehicle SOLTERRA makes world debut

Green Car Congress

In Tokyo, Subaru Corporation today unveiled its new battery electric vehicle (BEV) SOLTERRA; SOLTERRA will make its US debut at the LA Auto Show later this month. The two companies entered into a new business and capital alliance in September 2019. The two companies entered into a new business and capital alliance in September 2019.

Global 432