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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

Michigan will have access to $13,000,000 in funding to support the Mobility Charging Hub development and secure partnerships with companies aiming to test and implement solutions related to EV innovation, fleet management and overall ease of travel.

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Hertz, bp team up to build EV charging network in North America

Electric Cars Report

Hertz and bp plan to build a network of EV charging stations in North America powered by bp pulse, bp’s global electrification and charging solution brand, the companies announced Tuesday. The deal sets the foundation for Hertz and bp to drive the future of mobility and accelerate EV consumer adoption.

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Electrify America announces $200M additional investment for ZEV infrastructure and education in California

Green Car Congress

Electrify America plans to invest $200 million in California Zero Emission Vehicle (ZEV) infrastructure and education programs over the next 30 months. Additionally, Electrify America will strive to ensure that 35% of the investment is in low-income and disadvantaged communities, as guided by California Air Resources Board (CARB).

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Honda to adopt Tesla NACS for its EV models in North America

Green Car Congress

to adopt Tesla's North American Charging Standard (NACS) for the charging port of its EV models that will go on sale in North America starting from 2025. In 2025, Honda is planning to launch a new EV model in North America equipped with a NACS port. Honda Motor has reached an agreement with Tesla, Inc.

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SK On, Westwater Resources to develop anode materials; boosting raw battery material supply chain in N America

Green Car Congress

SK On, a leading electric vehicle (EV) battery manufacturer, signed a joint development agreement (JDA) with US graphite company Westwater Resources (WWR) as part of efforts to strengthen its battery raw material supply chain in North America following the enactment of the Inflation Reduction Act (IRA).

America 243
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The Metals Company and Low Carbon Royalties form strategic partnership

Green Car Congress

Deepsea mining company TMC The Metals Company ( earlier post ) announced a strategic partnership with Low Carbon Royalties Inc. gross overriding royalty on a producing natural gas field in Latin America, providing exposure to a lower-carbon transition fuel aligned with government emissions reduction policies.

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