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Geely’s Farizon Auto secures more than $300M through Pre-A funding

Green Car Congress

Farizon Auto, the new energy commercial vehicle brand from Zhejiang Geely New Energy Commercial Vehicle Group (a subsidiary of Geely Holding) raised more than US$300 million in its first external financing round. Farizon Auto’s new energy semi, the Homtruck, is planned for delivery in early 2024. Earlier post.).

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US Treasury To Provide Up To $5B in Financing For Auto Supplier Support

Green Car Congress

While the President’s Task Force on the Auto Industry continues to review restructuring plans submitted by General Motors and Chrysler, the US Department of the Treasury announced an Auto Supplier Support Program that will provide up to $5 billion in financing to US-based suppliers.

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China publishes plan to boost fuel-efficient and new energy vehicles and domestic auto industry; targeting 500K PHEVs and EVs in 2015, rising to 2M by 2020

Green Car Congress

2012 Chinese Auto Industry Development Report. The fifth annual report on China’s auto industry—2012 Chinese Auto Industry Development Report—says that the next 20-30 years will be a “critical period” that will see the formation of a global new-energy vehicle industry. Developing the industrial system.

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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).

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Volkswagen Group, Siemens invests $450M in Electrify America

Green Car Congress

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. With the NEW AUTO strategy, the Volkswagen Group has made charging and energy its core business.

America 397
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Bank of America introduces residential EV charger financing

Teslarati

BoA said it would allow consumers the option to finance residential electric vehicle chargers alongside their auto loans through the bank. The option of letting consumers finance the chargers will ultimately fall into the hands of dealers and manufacturers, the company said. With the nationwide EV outlook expected to reach 26.4

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DOE issues draft loan guarantee solicitation for up to $12.6B for advanced nuclear energy projects

Green Car Congress

Once finalized, these loan guarantees will provide critical financing to help commercialize advanced nuclear energy technologies, supporting projects that are often unable to secure full commercial financing due to their scale and use of innovative technology.

Energy 252