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Pinnacle Engines appoints Asian Business Advisory Board; closes Series C financing

Green Car Congress

Pinnacle Engines also announced closure of its Series C financing, bringing total investment in the company to more than $30 million. John Parker: In his 41-year career at Ford Motor Company, John focused on emerging markets in Asia and Africa, living and working throughout the region before returning to his homeland of Australia.

Financing 291
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BNEF: net-zero road transport by 2050 still possible, but big push needed

Green Car Congress

Passenger electric vehicle (EV) sales are set to grow rapidly in the next few years, rising from 6.6 Most of this is from electric two- and three-wheelers in Asia, but rising passenger EV sales push this to 2.5 million sold in 2021 to 21 million in 2025. million barrels per day by 2025. Last ICE in 2038.

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Continental considers sale of ContiTech auto unit amid broader reorganization, document says

Baua Electric

The corporate mentioned in February it was once reorganizing ContiTech from six sections into one in each and every of Europe, the Americas and Asia Pacific, era bundling its automobile actions right into a detached unit geared in opposition to electromobility. billion) — is because of be separated from the industry inside of two years.

Auto 52
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SAIC and GM Form New Investment JV for Asia-Based Expansion and New Production and Sales JV for Global Small Cars and Mini-Commercial Vehicles in India

Green Car Congress

China domestic sales of SAIC-GM JVs and milestones. They are growing their presence outside mainland China with the launch of an investment joint venture in Hong Kong and a new joint venture for the production and sale of Chevrolet brand vehicles in India. GM and SAIC JVs have sold more than 6.3 million vehicles inside China.

India 170
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Electric motorcycle maker Brammo closes first $13M tranche of $45M Series C

Green Car Congress

The first tranche of the financing was led by Polaris Industries and included contributions from other undisclosed investors. This $13 million round of financing puts Brammo on strong footing to continue to execute, deliver and expand distribution of our electric motorcycles to our customer pipeline. With annual 2010 sales of $1.99

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BorgWarner to acquire Sevcon in $200M deal

Green Car Congress

per share represents a 61% premium to the closing sale price of common stock of the Company on Friday, July 14, 2017 and a 64% premium to the 30-day volume weighted average price of common stock of the Company. The transaction is not subject to a financing condition. The transaction price of $22.00

Italy 150
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Finnish electric powertrain company Visedo raises €20M to support global expansion; SRPM technology

Green Car Congress

Visedo, a Finnish manufacturer specializing in electric powertrains and components, has secured a financing package of €20 million (US$21 million) to support its international growth plans. The financing consists of an equity investment of €13.5 million, an EFSI loan of €5 million and €1.5 million in funding from other sources.

Companies 150