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Energy Conversion Devices files Chapter 11, seeks sale of businesses; Ovonic Battery Company sold to BASF Corporation

Green Car Congress

On 13 February ECD sold its majority owned subsidiary, Ovonic Battery Company, Inc. However, current cash is anticipated to be sufficient for expected operations during the Chapter 11 proceeding, and therefore the Company is not expected to require third-party debtor-in-possession financing. Earlier post.)

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Failure to equalise VAT on public charging a missed opportunity

My Energi

Citing concerns surrounding ‘additional pressure on public finances’ and ‘limitations surrounding legal and fiscal considerations’, ministers also rejected calls to reinstate EV purchase grants – a scheme that proved vital in supporting the growth of the electric car market before its closure in June 2022. “If

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Tata AutoComp’s ‘Make in India’ push for EVs | Autocar Professional

Baua Electric

Tata AutoComp (TACO), the second largest EV component supplier in the country, rapidly started developing in-house capabilities for its sister company, from which even outside clients benefitted. The company pitches itself as a strong alternative to all global players in India that are looking at local sourcing.

India 52
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Siemens presents three-point plan for implementing cost-efficient energy transition in Germany

Green Car Congress

At the recent Siemens Energiewende-Dialog (Energy Transition Dialogue) in Berlin, the company presented a three-point plan with specific proposals for the cost-efficient implementation of the Energiewende in Germany. Our aim is to achieve a sustainable energy system with secure supplies and affordable electricity. Euro cents/kWh.

Germany 239
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Navigant Research forecasts new EV global sales of > 346,000 units in 2014; 10 predictions for the year

Green Car Congress

Navigant suggests that, since the automakers have already designed the vehicles that they will be selling in 2018, they will become more vocal in 2014 to push for changes; the firm expects the dispute to escalate, perhaps resulting in legal action. Tesla is also readying the Model X, a more affordable crossover for launch by the end of 2014.

2014 346
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Obama Announces Steps to Boost Biofuels, Clean Coal; RFS2, BCAP, BIWG and Carbon Capture and Storage Task Force

Green Car Congress

Second, the US Department of Agriculture proposed a rule on the Biomass Crop Assistance Program (BCAP) that would provide financing to increase the conversion of biomass to bioenergy. Integrated pilot and ten percent of full-scale conversion facilities will be financed to determine suitable technologies for full-scale commercial deployment.

Obama 218
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Grant Thornton LLP Warns of Potential Collapse of Automotive Supply Chain

Green Car Congress

Suppliers struggled to make money when industry volumes were almost double what they are today, and the consolidation that has occurred has been happening mostly among smaller companies at the lower tiers. This would help automakers identify and support the most viable companies. The Role of Banks. Laura Marcero. The Role of the OEMs.

Grant 150