This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
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.).
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.
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.
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).
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.
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
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 commercialfinancing due to their scale and use of innovative technology.
an automotive technology company developing a “digital chassis”, announced a $100-million Series C preferred stock financing led by clients advised by J.P. Proprietary software algorithms have enabled the commercial viability of the system while maintaining significant gains in performance. MIT spin-out ClearMotion , Inc.,
This Action Plan is based on four pillars: investing in advanced technologies and financing innovation; improving market conditions; enhancing global competitiveness; and investing in human capital and skills and softening the. The Commission is convinced that financing should cover. social impacts of restructuring.
Venture-backed startup Joby Aviation has secured $100 million in Series B financing to take its all-electric vertical take-off and landing (eVTOL) passenger aircraft into pre-production and certification. The company is now focused on developing a commercial version of that design, and preparing that vehicle for certification.
Businesses joining the EV20 alliance included global fleet owner TNT, auto manufacturers PSA Peugeot Citroën and Smith Electric Vehicles, battery manufacturer Johnson Controls, Better Place and Deutsche Bank. The EV20 initiative will focus on sharing best practice in policy and in finance, and EV fleet procurement.
Coskata’s semi-commercial facility in Madison, Pa. a syngas to ethanol company, officially launched its semi-commercial “Flexethanol” facility located in Madison, PA. GM announced its strategic partnership, including an investment, with Coskata at the North American International Auto Show in Detroit in January 2008.
Earlier this year, BAIC was ranked second on KPMG’s Global Auto Executive Survey 2013, a ranking of the top automotive companies that are expected to gain market share in the future. BMBS); Mercedes-Benz AutoFinance Ltd. As one of China’s largest automakers, BAIC Group sold more than 1.7 million vehicles in 2012.
Ford is forming two distinct, but strategically interdependent, auto businesses: Ford Blue and Ford Model e. The creation of Ford Model e was informed by the success of small, mission-driven Ford teams that developed the Ford GT, Mustang Mach-E SUV and F-150 Lightning pickup as well as Ford’s dedicated EV division in China.
Accessing the full amount of the credit at the point of sale saves consumers money on finance charges, makes the tax credit available to those who don’t pay much in income taxes, and makes both new and used EVs more accessible. auto industry is currently the second largest in the world. auto companies are multinational corporations.
It’s a capital-light solution that takes advantage of technology that has been commercialized for decades. is using pay-as-you-save financing to help transportation companies switch to electric buses. Three Wheels United (Bangalore, India) is using finance and technology to decarbonize the auto rickshaw market.
Daimler in China is based in Beijing and includes Mercedes-Benz (China) Ltd, Mercedes-Benz AutoFinance Ltd, Daimler Northeast Asia Parts Trading & Services Co., In addition, Daimler is developing the volume segment of the world’s biggest market for commercial vehicles in a joint venture with Foton Motor, a Chinese truck manufacturer.
Maxus is presenting a range of zero emission EV80 battery electric vans at the 67 th IAA Commercial Vehicles show in Hannover. A 10-inch infotainment screen is an optional extra, which includes the latest Apple CarPlay and Android Auto connectivity applications.
The combination would create a brand portfolio that would provide full market coverage with a presence in all key segments from luxury/premium brands, such as Maserati and Alfa Romeo, to the strong access brands of Dacia and Lada, and would include the well-known Fiat, Renault, Jeep and Ram brands as well as commercial vehicles.
Initially, the electric three-wheeler will be available only in a limited number of cities for cargo and passenger use The first electric three-wheeler from Bajaj Auto will be unveiled in April 2023 when it is launched. The Bajaj Auto Company holds 76% of the market share in the three-wheeler market as of Q3 FY2023.
The major focus of such deals is primarily to accelerate the commercialization of lithium-powered batteries that exhibit high energy density, superior performance, increased safety, and are cost-effective. Big deals from VC investors are pushing forward the advanced batteries funding to a new high.
Cyclonatix, Inc is developing an industrial-sized motor/controller to operate with either DC or AC power sources, for applications in electric vehicles, solar-powered pumps, HVAC&R, gas compressors, and other commercial and industrial machines which require high efficiency, variable speed/torque, and low cost.
Projects deploying these technologies are typically unable to obtain commercialfinancing due to high technology risks. Once finalized, this solicitation will be the sixth issued in support of Section 1703. The Department of Energy’s loan programs are supporting a large, diverse $34.4
France-based Chronocam SA, a developer of biologically-inspired vision sensors and computer vision solutions for automotive, IoT and other applications requiring vision processing, raised $15 million in Series B financing. The funding will also allow the company to expand into key markets, including the US and Asia.
The more likely scenario is a gradual adoption as auto manufacturers’ move up the autonomous driving scale (1-5), starting with commercial applications before moving on to consumer use. An abrupt switch to driverless cars is unlikely. Tesla CEO Elon Musk has indicated he expects Tesla will achieve level 4 autonomy this year.
By: Ron Freund, Electric Auto Association Director. The Electric Auto Association and Colorado-based Clean Energy Credit Union have partnered on a new member benefit. Such projects extend to beyond auto and solar purchases and can include residential insulation or window upgrade installations as well. E-bikes are also included.
The forecast was made in an interim report commissioned to evaluate the benefits of hydrogen fuel cell electric vehicles (FCEVs) and ensure the UK is well positioned for their commercial roll-out. Successful commercialization of the technology will require Government to work in true partnership with industry.
The post ‘GRIDSERVE Partner Network’, Li-Cycle,100 Years of Glaciers Disappearing, Elon’s Tesla Shares, NFI Financial Solutions EV Financing, Swappable Battery for Commercial Vehicle appeared first on EV Obsession.
Ford Pro Insure expanded its insurance offering for commercial vehicles to Indiana and Wisconsin. Besides Indiana and Wisconsin, Ford’s insurance for commercial vehicles is also available in Arizona, Illinois, and Tennessee. The right commercialauto insurance can help them run efficient and productive fleets.
General Motors is working with communities such as San Francisco to develop a plan of action to establish the supporting technical and policy infrastructure required for broad commercialization of plug-in electric vehicles such as the upcoming Chevrolet Volt. GM described its approach at the Washington Auto Show. Earlier post.).
Two directors and multiple executive director level officers of Steel Authority of India Limited ( SAIL ) were suspended after the Lokpal concluded there were discrepancies in commercial dealings at the public sector undertaking (PSU).
Bandhan Bank has inked a Memorandum of Understanding (MoU) with Mahindra & Mahindra (M&M) to provide financing solutions to customers in the commercial vehicle and commercial equipment segments. Mahindra & Mahindra boasts an extensive range of commercial vehicles and equipment, offering products ranging from 3.5
Appropriate metrics for measuring progress toward commercialization. But despite these trends and the rapid advancements in ZEV technology, the potential for commercialization remains unclear. There is substantial uncertainty regarding commercialization potential. Costs of transitioning to a self-sustaining market.
Commercial EV manufacturer Mullen has scored a $150 million capital infusion that will allow it to expand its domestic and international sales efforts – and put Bollinger’s beefy electric trucks into series production. FTC: We use income earning auto affiliate links.
Cholamandalam Investment and Finance Company Limited, a major participant in India’s vehicle financing sector, reported a significant surge in demand, particularly in rural markets. The post Cholamandalam sees rural demand boom in vehicle financing | Autocar Professional appeared first on Bauaelectric Auto News.
It offers truck and trailer sales, parts, service, leasing, rental, insurance and financing, as well as towing and recovery equipment, auto transportation equipment and services, and ZEV consulting.
Since the MOU signing, state regulators, the auto industry and infrastructure developers and other stakeholders have shared information and best practices to help move this effort forward. Assessment of creative vehicle financing innovations. To date, manufacturers have rolled out more than 2 dozen models in the three ZEV categories.
. “Better Place, an infrastructure provider for electric cars founded by former SAP <SAPG.DE> executive Shai Agassi, has raised $350 million in fresh equity as part of a second round of financing.
EV charging provider ChargePoint , energy solutions provider EnTech Solutions and bank Wells Fargo are collaborating to offer flexible financing solutions for businesses building charging infrastructure for EV fleets. Potential customers include commercial vehicle fleets and businesses.
LTC is also working on several zero-emission model concepts, including light commercial vehicles as part of ZGH’s plans to significantly raise production at LTC and position it as a leading manufacturer of green and environmentally friendly transportation. The final order book of more than US$2.3
American auto manufacturers will fall behind as the rest of the world transitions to electric. The future of the auto industry is up for grabs, and the future of the auto industry is electric. Since January, uncertainty about federal support for clean energy projects has cost $15.5 This letter was sent to members of the U.S.
Photo: Solar Landscape Commercialrooftop solar developer Solar Landscape secured a record-breaking $847 million in 2024 to fund its largest-ever portfolio of commercial rooftop solar projects. This windfall will finance over 200 US installations and bring clean energy to the equivalent of more than 50,000 homes. Get started here.
Hydrogen-electric plane developer ZeroAvia has completed another successful financing round, led by some of its previous investors and some new ones. Source: ZeroAvia ZeroAvia adds more names to its investment rolodex The sustainable aviation company shared details of its extended financing round today.
The program’s goal is to help ARPA-E-funded technologies transition from proof-of-concept prototypes to commercially scalable and deployable versions. The ARPA-E financing will be matched by another $20 million in private funds, bringing the total program size to $40 million. million program budget.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content