article thumbnail

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

Green Car Congress

Boston-Power, Inc., The growth capital and Chinese government incentives will be used predominantly to scale manufacturing, research and development, and business development activities in China for the company’s energy storage technology and products. GSR Ventures has offices in Beijing and Silicon Valley. Reorganizing. Purcell, Jr.,

Boston 199
article thumbnail

Li-ion Manufacturer Boston-Power Names Former GM Senior Executive Bob Purcell to Board; Expansion Into Transportation With a Focus on PHEVs and BEVs

Green Car Congress

In the transportation sector, Boston-Power is targeting its high-energy, long-life cells at plug-in hybrid and full battery electric vehicles. Li-ion manufacturer Boston-Power, Inc., —Boston-Power Founder and CEO Dr. Christina Lampe-Onnerud. I’ve been looking for a battery like Boston-Power’s for 20 years.

Boston 210
article thumbnail

V2G is the key to the popularity of electric vehicles

Setec Powerr

As more consumers purchase electric vehicles in the coming decades, a huge question is plaguing governments and the auto industry: Can the grid keep up with the dramatic increase in demand for electricity? ” Many car companies have realized that they must get the grid ready to make electric vehicles more popular.

article thumbnail

False Starts: The Story of Vehicle-to-Grid Power

Cars That Think

In 2001, a team of engineers at a then-obscure R&D company called AC Propulsion quietly began a groundbreaking experiment. The company’s president, Tom Gage , dubbed the system “vehicle to grid” or V2G. And the auto industry had just canceled the battery EV. Electric Car tzero 0-60 3.6

Grid 140
article thumbnail

The EV Transition Explained: Reshaping Labor Markets

Cars That Think

Stellantis is offering certain higher salaried US employees separation packages to help its “transformation to become a sustainable tech mobility company and the market leader in low-emissions vehicles,” a company spokesperson said. million jobs” in the Japanese auto industry. Little Japan cast doubts on that number.

Market 99
article thumbnail

Comedy CAFE Clowns Crack Me Up

Creative Greenius

As I get ready this morning to head over to the Lutheran Church in Gardena to participate in this national day of service by helping to prepare meals for my less fortunate neighbors, I want to thank the auto industry for giving me a great laugh at their expense. spokesman Greg Martin said. Way to kill the audience, Greg. Really Bob?

GM 150
article thumbnail

Electric-Car Fans Rally Around the Volt - Green Inc. Blog - NYTimes.com

Tony Karrer Delicious EVdriven

About $750 million is needed for near-term Volt development, according to the company. Electric car proponents at The California Cars Initiative believe the task force was unduly influenced by “plug-in skeptics” at the Boston Consulting Group , which is under government contract to provide input on the prospects for G.M. and Chrysler.

Volt 42