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Ford, Ford Credit introduce sustainable financing framework prioritizing EV, clean production, community investments

Green Car Congress

Ford Motor Company and its financing subsidiary, Ford Motor Credit Company, introduced the North America auto industry’s first sustainable financing framework, focusing on and paying for ambitious plans in vehicle electrification and other environmental and social areas. Vigeo Eiris, an arm of Moody’s Corp.,

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Mullen secures $150 million financing deal, production Bollinger is a go

Baua Electric

Mullen received a $100 million financing commitment from an undisclosed family office and sold an additional $50 million of senior secured convertible notes to both family offices and high net worth investors. FTC: We use income earning auto affiliate links.

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Vulcan Energy starts its first lithium chloride production in Germany – ET Auto

Baua Electric

Vulcan’s lithium chloride output will be converted into battery-grade lithium hydroxide at the company’s new conversion plant in Frankfurt in the second half of the year, Moreno said. “We’re looking to close the financing in the next probably four to five months,” Moreno added.

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Li-Cycle to cut 17% of staff amid battery recycling growing pains – ET Auto

Baua Electric

The mining giant earlier this month announced a USD 75 million convertible loan that if exercised, would make it the largest shareholder of the New York-listed company. The executive in charge of the company’s international operations will leave, as will the company’s finance chief.

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Fisker (FSR) stock falls after failing to make an interest payment, pauses EV production

Baua Electric

Fisker looks to get its finances in order after failing to make an interest payment. The EV maker did get a commitment for up to $150 million in financing, but will it be enough? The move is to “align inventory levels and progress strategic and financing initiatives.” Fisker already has a ton of convertible notes ($1.2

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Ideanomics’ MEG Group announces delivery of first EV taxi order to Chengdu; Geely to supply 15,000 taxis

Green Car Congress

The EV Taxis are supplied by Geely Auto Group and the financing for the vehicles was provided locally by Sichuan Tianfu Bank Co Ltd. The taxis are part of a mandate in Sichuan province to convert all licensed taxis to clean energy vehicles.

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TEMO’s easy-to-install electric outboard motors make DIY e-boats simple

Baua Electric

The proliferation of e-bikes started with easy-to-install conversion kits that allowed riders to take their existing bicycle and convert it into an electric bike. TEMO’s easy-installation electric outboard motors make it painless for boaters to convert their vessels into electric boats. Now, electric boats are charting a similar path.

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