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Volvo Group and Pilot Company to partner for charging network in North America

Green Car Congress

The Volvo Group and North American-based Pilot Company have signed a Letter of Intent for the development of public, high-performing charging infrastructure for medium- and heavy-duty electric vehicles.

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SAF company DG Fuels closes investments with two Japanese companies

Green Car Congress

DG Fuels, LLC (DGF), a developer of sustainable aviation fuel (SAF) facilities ( earlier post ), announced the successful closing of investment transactions with two Japanese companies. The Louisiana SAF facility will be the template for multiple other such facilities to be built across North America, Europe and Asia.

Companies 370
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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.

America 397
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Volkswagen brand to invest €1B by 2026 in South America; targeting 40% growth in Brazil

Green Car Congress

The Volkswagen brand aims to make significant gains in South America with a major product offensive. By 2027, the company plans to grow by 40% in Brazil, the region’s largest market. Before the end of 2023, the company is bringing its first fully electric models to Brazil: the Volkswagen ID.4. and the ID. Buzz and ID.4

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ExxonMobil announces 6th oil discovery offshore Guyana with Ranger-1; Guyana may move from non-producer to regional powerhouse

Oil (..)

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Uranium Energy Corp completes acquisition of Uranium One Americas; largest uranium mining company in US

Green Car Congress

UEC) recently acquired all of the issued and outstanding shares of Uranium One Americas (U1A), Inc. Other highlights of the acquisition include the following: Largest US uranium mining company. Positions UEC, a US corporation headquartered in Texas, as the largest American uranium mining company. Uranium Energy Corp.

Wyoming 435
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T&E: two-thirds of European battery production at risk as companies weigh investing in US instead

Green Car Congress

Tesla in Berlin, Northvolt in northern Germany and Italvolt near Turin are among the projects that stand to lose the greatest volumes of their slated capacity as the companies weigh up investing in the US instead. EU battery manufacturing is caught in the crossfire between America and China. Europe must act or risk losing it all.

Companies 430