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Stellantis investing $155M in 3 Indiana plants to produce new electric drive modules

Green Car Congress

Stellantis will invest a total of $155 million in three Kokomo, Indiana, plants to produce new electric drive modules (EDM) that will help power future electric vehicles assembled in North America and to support the goal of 50% battery-electric sales in the US by 2030. Since 2020, Stellantis has invested nearly $3.3

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FPL Group and Duke Energy Pledge 10-year, $600M+ Commitment to Transition Fleets to PHEVs and EVs

Green Car Congress

and Duke Energy last week announced a 10-year commitment to transition their company cars and trucks to plug-in hybrid or all-electric vehicles. The joint commitment represents more than 10,000 vehicles and potential revenues of at least $600 million for manufacturers who can produce viable plug-in electric vehicles.

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Chrysler Group files S-1 for IPO; snapshot of R&D priorities; exploring a light-duty hydraulic hybrid

Green Car Congress

Chrysler is also seeking to reduce electrical loads through application of higher efficiency fans and fuel pumps. Thermal management technologies not only help reduce fuel consumption, but are an important factor in extending battery range for hybrid electric and all-electric vehicle models.

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President Obama Announces 48 Projects to Receive $2.4B in Grants for Next-Generation of Batteries and Electric Vehicles; To be Combined with $2.4B in Industry Cost-Share

Green Car Congress

President Obama announced 48 new advanced battery and electric drive projects that will receive $2.4 The announcement marks the single largest investment in advanced battery technology for hybrid and electric-drive vehicles ever made. billion in funding under the American Recovery and Reinvestment Act. DOE Award ($mil.).

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How Carmakers Are Responding to the Plug-In Hybrid Opportunity

Tony Karrer Delicious EVdriven

GM has announced plans for public sales in 2010, and almost every carmaker now says it will sell PHEVs or highway-speed battery electric vehicles (BEVs) sometime after 2010. Partnering with Alcoa, Duke Energy, Google.org, Johnson Controls Indiana startup plans to unveil vehicle May 2009 at EVS-24 in Norway; mass production in 2012.

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