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Hyundai Motor to invest $85B over next 10 years to accelerate transition to smart mobility provider

Green Car Congress

At an Investor Day event in Seoul, Hyundai Motor said that it will accelerate its transition toward becoming a smart mobility solution provider by securing a large-scale investment of KRW 109.4 trillion (US$85 billion) over the next 10 years, including KRW 35.8 trillion (US$27.8 billion) for electrification. Production.

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DOE awards $19M to 13 initiatives in fossil-fuel areas to produce rare earth elements and critical minerals

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Williston Basin (Montana, North Dakota and South Dakota): University of North Dakota plans to lead a coalition to drive the expansion and transformation of coal and coal-based resource usage within the Williston Basin to extract rare earth elements and critical minerals and produce non-fuel carbon-based products. DOE Funding: $1,499,999.

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Honda announces next steps in preparation for EV production in US

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AEP will transfer component production for two different generations of engines to the engine plant at the Alabama Auto Plant (AAP). TMP-G will partner with a Honda supplier to install a new line to build e-axles, an essential component of EVs that combines the electric motor, gearing components and power electronics.

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University Of Georgia purchases 20 Proterra 40' Catalyst E2 buses with DuoPower drivetrain

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With the deployment of 20 Catalyst buses, the University of Georgia will have one of the largest fleets of electric buses in the US, and will displace more than 2,500,000 gallons of diesel over the vehicles’ 12-year lifespan and eliminate more than 4,500,000 pounds of carbon emissions annually. After receiving a $10-million grant from the GO!

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DOE to award more than $7M to four projects to advance hydrogen storage

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DOE’s Pacific Northwest National Laboratory, in collaboration with Ford Motor Company, Lincoln Composites, Toray Carbon Fibers America, Inc. The project will focus on improving carbon fiber composite materials and the design and manufacture of hydrogen storage tanks. and AOC Inc., Lawrence Berkeley National Laboratory, up to $2.1

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Ford reportedly eliminates lease-to-buy option on electric vehicles

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Ford said in its letter that the goal is primarily focused on alleviating additional carbon emissions. “The purchase of the BEV Lease is to aid in our goal of delivering carbon neutrality by 2050 by controlling the vehicle battery through its life, keeping it in the Ford network.” battery production.”

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Mercedes-Benz unveils EQS SUV

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The electric SUV offers plenty of space, comfort and connectivity for up to seven passengers; with its electric motors, responsive 4MATIC all-wheel drive and an intelligent OFFROAD driving mode, the EQS SUV is also capable of tackling light terrain. EQS and EQE sedans based on this architecture developed for electric vehicles.

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