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Magna and BAIC to form two JVs to engineer and build premium EVs for customers in China; first production in 2020

Green Car Congress

Over the coming months, Magna and BJEV will work with authorities to implement legally binding joint-venture agreements which will govern the operations of these two joint ventures. For the first time we will be providing our customers with cars engineered and built outside our complete vehicle manufacturing facility in Graz, Austria.

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MAN rolls out battery repair centers across Europe – Charged EVs

Baua Electric

Over the next two years, MAN Truck & Bus , headquartered in Munich, Germany, plans to establish battery repair centers in Italy, Denmark, Norway, Austria, Belgium, the Netherlands, France, Poland and the UK. MAN is ramping up electric truck production as it plans to begin deliveries of its next-generation eTruck this year.

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Hexagon Purus to acquire 40% stake in Cryoshelter’s liquid hydrogen storage business

Green Car Congress

The transaction contemplates a split of Cryoshelter into separate legal entities for the liquid hydrogen and liquid natural (renewable) gas businesses, enabling Hexagon Purus’ direct investment in early-stage liquid hydrogen tank technology.

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BASF and Gazprom agree on asset swap; BASF’s Wintershall expanding production of oil and gas, exiting gas trading and storage business

Green Car Congress

BASF and Russia’s Gazprom signed a legally binding basic agreement to swap assets of equivalent value. In October, Wintershall also substantially expanded its production and reserves of oil and gas in the North Sea through an asset swap with Statoil. Start of production is planned for 2016. This is equivalent to a total of 2.4

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Fisker finesses the Inflation Reduction Act tax credit changes with binding sales contract; “Transition Rule”

Green Car Congress

The bill, as currently written, would make the Fisker Ocean electric SUV, which will be built in Austria starting in November, ineligible. We are focused on a clean future for all, so we are building the Fisker Ocean in one of the world’s most sustainable production facilities, Magna’s carbon-neutral factory in Graz, Austria.

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Fisker considers expanding production with Magna International

Teslarati

is considering expanding their upcoming Fisker Ocean production via their manufacturing partner, Magna International. To meet this growing demand, the company is considering expanding production via its production partner, Magna International. It remains unclear where the Fisker Ocean SUV is in the production process.

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Perspective: US Needs to Transition to Hydrous Ethanol as the Primary Renewable Transportation Fuel

Green Car Congress

The government assisted the shift by giving sugar companies subsidized loans to build ethanol plants, as well as guaranteeing prices for their ethanol products. Both production and consumption of ethanol were basically flat for much of the mid-1980s to the mid-1990s. Until fairly recently, these US motor vehicles were non-FFVs.