Remove Auto Industry Remove Battery Remove Corporation Remove Financing
article thumbnail

South 8 Technologies raises $12M in Series A to commercialize liquefied gas electrolytes for high-performance Lithium-ion batteries

Green Car Congress

South 8 Technologies, a developer of electrolyte formulations for next-generation lithium batteries, has raised $12 million in Series A financing, led by Anzu Partners with participation from LG Technology Ventures, Shell Ventures, Foothill Ventures, and Taiyo Nippon Sanso Corporation (TNSC). —Cyrus Rustomji, Ph.D.,

article thumbnail

Li-ion battery maker Boston-Power announces $125M in new financing; focus on and support from China

Green Car Congress

a provider of lithium-ion battery cells, modules and systems ( earlier post ), announced $125 million in new funding from a combination of private equity investment and support from China. As part of its plans, Boston-Power is establishing an R&D and EV battery engineering facility in China. Boston-Power, Inc., Reorganizing.

Boston 199
article thumbnail

AlixPartners study finds post-crisis auto industry facing new set of challenges; sales projected below historical levels for foreseeable future

Green Car Congress

AlixPartners also estimates that on-going unemployment and underemployment could cost the auto industry up to 1.5 According to the study, historically, approximately one of every five vehicles sold is financed by home-value appreciation, a ratio that’s likely to decrease with the continuing stagnancy in home values.

article thumbnail

Stellantis, LG Power enforcing ‘contingency plans’ for EV battery plant in Canada

Baua Electric

OTTAWA — Stellantis and South Korea’s LG Power Resolution are enforcing “contingency plans” similar to a more-than $4-billion battery plant funding in Canada since the federal govt has now not delivered on its guarantees, a Stellantis spokesperson stated. billion ($1.1 The government has dedicated to lend as much as C$13.2

Canada 52
article thumbnail

Enova Delivers Hybrid Drive Systems to First Auto Works for Hybrid Buses

Green Car Congress

As the vehicle slows, during braking, the electric motor functions as a generator to recharge the batteries. The initiative will account for 5% of the automobile market, which is in accordance with China’s three-year development plan for the auto industry, released in February.

Hybrid 150
article thumbnail

GM Working with Communities to Develop Roadmap For Plug-in Infrastructure

Green Car Congress

provide home wiring service at low/no-cost or financed thru low monthly utility bill); Provide free charging or compelling low-cost EV rates (3-4 cents/kWh); Provide “green” electricity options; Commit/fund commercial fleet purchases (25 high-profile vehicles). Large local employers (as early adopters). Local Universities. Earlier post.).

Plug-in 150
article thumbnail

Electric vehicles trends in India

Electric Vehicles India

According to an independent study by CEEW Centre for Energy Finance (CEEW-CEF), the EV market in India will be a US$206 billion opportunity by 2030 if India maintains steady progress to meet its ambitious 2030 target. The Power Source Type market is segmented into battery electric vehicle, plug-in electric vehicle and hybrid electric vehicle.

India 88