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DOE closes on $504M loan guarantee for world’s largest clean hydrogen and energy storage project

Green Car Congress

The loan guarantee will help finance construction of the largest clean hydrogen storage facility in the world, capable of providing long-term low-cost, seasonal energy storage, furthering grid stability. The US Department of Energy (DOE) closed on a $504.4-million Rendering of Advanced Clean Energy Storage salt cavern.

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Police: Finance supervisor scammed consumers

Baua Electric

A former finance supervisor at an AutoNation dealership in Florida scammed consumers out of just about $180,000 in money they gave him for cars that he by no means produced, police say. ” The post Police: Finance supervisor scammed consumers appeared first on Bauaelectric Auto News.

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Chinese steel group Tsingshan investing $375M to build lithium plant in Argentina with Eramet

Green Car Congress

interest, and will retain operational management responsibility; its partner Tsingshan is financing the plant construction in exchange for 49.9% For this project with high value creation potential, our partner Tsingshan will provide its industrial expertise and financing capabilities needed for the construction of the plant.

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Daimler Mobility AG & Geely Technology Group inaugurate ‘StarRides’ premium ride-hailing service in Hangzhou

Green Car Congress

Daimler Mobility AG and Geely Technology Group, a subsidiary of Zhejiang Geely Holding Group (Geely Holding), unveiled the premium ride-hailing provider StarRides in China with inaugural services to begin in Hangzhou in December 2019. Tom Gu joined StarRides on 1 September 2019 as Chief Executive Officer, leading a staff of 80 employees.

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Fisker opens reservations for Ocean SUV; cost starts as low as $379/month

Green Car Congress

opened reservations for the Ocean electric luxury SUV, arriving in 2022, through its website and native mobile app—available globally on the App Store and Google Play store. The Fisker app offers a flexible lease program, maintenance and repair on demand, insurance purchase to easy finance options. Fisker Inc.

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Thomas Szlosek named AutoNation CFO; Joe Decrease takes some other position

Baua Electric

has rented a untouched CFO in what’s the auto store’s 2d main government trade throughout the endmost few weeks. Decrease used to be named CFO in overdue 2019 later running in that position at office-supplies corporate Administrative center Vault. AutoNation Inc. 7, the Castle Lauderdale, Fla., corporate introduced Tuesday.

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Tesla Giga Shanghai’s annual run rate hits 1.05 million vehicles in October: report

Teslarati

As noted in a Reuters report, this represents the biggest gap between production and sales since the Giga Shanghai started operations in late 2019. . The electric vehicle maker sells its cars through its own stores rather than through dealers. Tesla China, for its part, has not issued a comment about the matter.

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