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TuSimple and Hillwood join forces on autonomous trucking initiative at AllianceTexas MIZ

Green Car Congress

Commercial real estate developer Hillwood announced that TuSimple, a self-driving technology company with a focus on heavy-duty trucks ( earlier post ), has secured property in AllianceTexas’ Mobility Innovation Zone (MIZ) in north Fort Worth. The new facility will house autonomous truck operations, service and administrative support.

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US DOD awards MP Materials $35M heavy rare earth processing contract

Green Car Congress

In a separate contract awarded in December 2020, the DoD committed $9.6 In addition to its mining and processing operation at Mountain Pass, MP Materials is developing a rare earth metal, alloy and magnet manufacturing facility in Fort Worth, Texas.

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Linear Labs to begin mass production of high-torque M200 e-mobility motor in September

Green Car Congress

million economic incentive deal with the City of Fort Worth. The M200 motor is so torque dense that four Linear Labs M200 motors in a four-wheeled vehicle can provide more peak torque than a 2020 Porsche 911 Carrera S engine. The announcement comes on the heels of a $68.9-million Higher voltages will be available upon request.

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GM and MP Materials enter long-term supply agreement to scale rare earth magnet sourcing and production in US

Green Car Congress

Rare earth materials sourced from Mountain Pass will be transformed into metal, NdFeB alloy and magnets at a new production facility MP Materials today announced it will build in Fort Worth, Texas, delivering an end-to-end US supply chain. MP Materials is the largest producer of rare earth materials in the Western Hemisphere.

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UPS to invest $130M in > 700 natural gas vehicles and infrastructure; > $1B invested in alt fuels since 2008

Green Car Congress

Fort Worth, Texas; and Arlington, Texas. The initiative will help UPS reach its 2020 goal of one in four new vehicles purchased being an alternative fuel or advanced technology vehicle. Last year, UPS used 15 million gallon equivalents of RNG. The company is the largest consumer of RNG in the transportation sector.

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ExxonMobil doubles Permian Basin resources to 6B barrels via acquisitions

Green Car Congress

Exxon Mobil Corporation will more than double its Permian Basin resource to 6 billion barrels of oil equivalent through the acquisition of companies owned by the Bass family of Fort Worth, Texas, with an estimated resource of 3.4 ExxonMobil will make an upfront payment of $5.6 ExxonMobil will make an upfront payment of $5.6

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Rivian seeks $80B valuation in confidential IPO filing

Teslarati

Rivian has had multiple billion-dollar funding rounds, with the first taking place in 2020. The company will have plenty of competition in the next few years, as Tesla will start production of the Cybertruck in early 2020, and Ford will introduce its F-150 Lightning EV pickup sometime next year. The company has raised $10.5