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SoftBank to invest $2.25B in GM Cruise; GM to add $1.1B; driving large-scale AV deployment

Green Car Congress

We are very impressed by the advances made by the Cruise and GM teams, and are thrilled to help them lead a historic transformation of the automobile industry. equity stake in GM Cruise and will afford GM increased flexibility with respect to capital allocation. The SoftBank Vision Fund investment will be made in two tranches.

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Tesla and Toyota to revisit old partnership for new EV development: report

Teslarati

Citing an official from the Japanese automobile industry, the Chosun Ilbo , one of South Korea’s largest newspapers, stated that the upcoming partnership between Tesla and Toyota would likely result in the development of a small electric SUV. The partnership has reportedly been under review since last year. .

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Feature: Top 6 Reasons Why an EV Is the Right Choice

Clean Fleet Report

One of the reasons behind the drastic increase in sales was the more affordable price range of the Tesla Model 3, a best-seller in the U.S., Tesla’s Model 3 paved the way to powerful, affordable EVs. Electric Vehicles are Affordable. In 2019, the sales of electric vehicles totaled 1.1 Europe and China.

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Infineon and Hella develop new compact, lower-cost 24 GHz blind spot radar sensor

Green Car Congress

Hella’s radar system thereby becomes smaller, more affordable and it consumes less power. The HELLA Group develops and manufactures components and systems in lighting technology and electronic products for the automobile industry and has one of the largest retail organizations for vehicle parts, accessories and diagnostics in Europe.

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Is Ford really coming back to India? What could be possible reasons

Baua Electric

Evolving consumer preference Ford was never actually known as an affordable carmaker. The OEM may offer only electric vehicles in India but the penetration will be very very low in that case, Chattopadhyay further added. Contract manufacturing for other OEMs?

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EIA: China promoting both fuel efficiency and alternative-fuel vehicles to curb growing oil use

Green Car Congress

In its 12 th , and current, Five-Year Plan, the Chinese government also launched a new strategy to promote new energy vehicles (NEV; vehicles that are partially or fully powered by electricity) and to support its domestic automobile industry to mass-produce NEVs.

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EU reaches compromise on 2035 new ICE vehicle ban

Teslarati

This fund is dedicated to helping households afford many carbon-reducing products, including new efficient heating and cooling systems, personal renewable energy systems, reduced emission mobility products (including electric vehicles), and more. Lawmakers also hope this will limit market speculation.