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Volkswagen Group, Siemens invests $450M in Electrify America

Green Car Congress

The Volkswagen Group and Siemens are investing $450 million in Electrify America, with a post-money valuation of $2.45 Through its financing arm Siemens Financial Services (SFS), Siemens becomes a minority shareholder in Electrify America with a low triple-digit million USD investment and will hold a seat on the board.

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State of Michigan partners with Daimler Truck North America and DTE Energy to build Mobility Charging Hub

Green Car Congress

Initial project partners are industry leader Daimler Truck North America (DTNA) and DTE Energy, who are fundamental in making this project become a reality. As EVs become more commonplace across passenger and commercial transit alike, truck stops face a fundamental point of evolution to their existing service models.

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GM investing $650M in Lithium Americas; offtake agreement from Thacker Pass

Green Car Congress

General Motors and Lithium Americas will jointly invest to develop the Thacker Pass mine in Nevada, which is the largest known source of lithium in the United States and the third-largest in the world. Lithium Americas estimates the lithium extracted and processed from the project can support production of up to 1 million EVs per year.

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Daimler Truck North America and partners to form JV for nationwide charging network for MD and HD commercial vehicles

Green Car Congress

As in Europe, the lack of a publicly available, nationwide electric charging infrastructure for commercial vehicles in the US, especially for long-haul freight operations, remains one of the biggest barriers for widespread deployment of electric trucks.

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Snow Lake Lithium calls for the creation of a complete electric vehicle ecosystem across North America

Green Car Congress

Canada-based Snow Lake Lithium has outlined the need to create a comprehensive electric vehicle ecosystem across North America to protect the future of its domestic automotive industry. At Snow Lake Lithium, we strongly believe that now is the time to build a rock to road supply chain for electric vehicles for the longevity of the industry.

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Hertz, bp collaborate to accelerate EV charging in North America

Green Car Congress

Hertz has a national footprint of locations across North America suitable for bp pulse to build and manage a network of fast-charging hubs to serve Hertz customers, including taxi and ride sharing drivers, as well as the general public.

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GM, POSCO Future M announce 2nd phase of CAM production in N America; adding pCAM

Green Car Congress

General Motors and POSCO Future M announced the second phase of their Ultium CAM joint venture, an investment projected to exceed US$1 billion to increase production capacity of cathode active materials (CAM) in North America and integrate precursor materials production. Site selection will be announced later.

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