Volkswagen lays out its NEW AUTO strategy: transforming from manufacturer to software-driven mobility provider; Scalable Systems Platform

Green Car Congress

Volkswagen Group executives laid out the basics of the new Group strategy “NEW AUTO – Mobility for Generations to Come”, which will see the Group realign from being a from vehicle manufacturer to a leading, global software-driven mobility provider.

Bloomberg New Energy Finance forecasts plug-in electric vehicles could account for up to 9% of US auto sales in 2020 and 22% in 2030

Green Car Congress

Plug-in electric vehicles, including plug-in hybrids and battery electric vehicles, have the potential to make up 9% of US auto sales in 2020 and 22% in 2030 (1.6 million and 4 million vehicle sales respectively), according to research company Bloomberg New Energy Finance (BNEF). The median base price of autos sold between July 2009 and June 2010 in the US was $21,800. —Glen Walker, lead transportation analyst at Bloomberg New Energy Finance.

2010 238

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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. This segment of the auto industry employs more than 500,000 workers across the country. The program will be run through domestic auto companies that agree to participate in the program.

2009 150

Nissan unveils LEAF-based Sylphy BEV at Auto China 2018

Green Car Congress

Nissan unveiled the Nissan Sylphy Zero Emission, Nissan’s first electric car made in China for Chinese consumers, at Auto China 2018 in Beijing. More information will be available at a later date, including service and financing options. At Auto China 2018, Nissan is also showcasing the IMx KURO, an electric crossover concept vehicle, that offers a glimpse of the future of Nissan Intelligent Mobility.

2018 174

Capgemini and Audi launch XL2 joint venture to support digital transformation of auto industry

Green Car Congress

processes, including production planning, logistics, finance, maintenance, quality and materials management. Capgemini and Audi have launched a joint venture: XL2. Following regulatory approvals, the company was founded at the end of April. It will provide digital technology and consulting services, specifically in the fields of SAP S/4HANA and cloud services primarily for Audi and the entire Volkswagen Group.

2020 174

New member benefit: Electric Auto Association partners on clean energy and EV loans

Electric Auto Association

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. Once a member of the Electric Auto Association, to join the credit union you simply need to: open a savings account.

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

Green Car Congress

CEO, Protean Electric and a 32-year auto industry veteran responsible for the development and production of the GM EV-1. Boston-Power, Inc., 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.

2011 183

Survey Finds Fuel Efficiency Impacting US Consumers’ Future Auto Buying Decisions

Green Car Congress

A new survey by Capital One Auto Finance found that more than half of respondents (53%) say that their next car will be more fuel efficient than their current vehicle and 55% would be very likely or somewhat likely to give up a larger vehicle for a more fuel-efficient model when they buy their next car. Sanjiv Yajnik, President of Capital One Auto Finance.

2010 271

Chronocam raises $15M in Series B; high-performance bio-inspired vision technology for autos and other machines

Green Car Congress

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 comes from lead investor Intel Capital, along with iBionext, Robert Bosch Venture Capital GmbH, 360 Capital, CEAi and Renault Group.

2016 212

Chinese automakers bring hybrids and plug-ins to Detroit, Geneva auto shows

Green Car Congress

At least two Chinese automakers are bringing some of their new energy vehicles—hybrid, plug-in hybrid and battery-electric—to two of the major international auto shows in the first quarter of this year. GAC) brought three to the 2013 North American International Auto Show (2013 NAIAS) in Detroit this month: a 4x4 Hybrid Version of the Trumpchi Sedan; a battery-electric version of the Trumpchi GS5 SUV; and the Compact NEV E-JET range-extended electric vehicle.

2013 224

Ford developing a strategy to address urban personal mobility globally; a mobility company, not just an auto company

Green Car Congress

If Ford thinks of itself as a mobility company, rather than just an auto company, said Ford Chairman Bill Ford at the recent, second annual “Go Further with Ford” trend conference, “ that really opens up possibilities.”. Because it’s not just autos, and not just tech, it’s urban planners. If we think of ourselves as a mobility company rather than just as an auto provider, that really opens up possibilities. Rough map of Ford’s Blueprint for Mobility. Click to enlarge.

EC rolls out CARS 2020 action plan for European auto industry

Green Car Congress

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. innovation, it is of key importance to spell out in more detail the priorities and operation of financing for research and innovation development in the automotive industry. The Commission is convinced that financing should cover.

2012 204

Fitch Ratings: US automakers well positioned for weak demand in 2012; estimates break-even for Detroit 3 at 10.5M units

Green Car Congress

In its “2012 Outlook: US Auto Manufacturers and Suppliers”, Fitch assigns the industry a Positive Rating, expecting the credit profiles of the US OEMs and auto suppliers to generally strengthen in 2012, assuming that global economic conditions do not weaken materially from current trends. to be seen throughout the US auto sector. rapidly weakening worldwide economy causes the global auto market to collapse, much as it. 2012 Outlook: US Auto Manufacturers and Suppliers.

2012 174

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. Existing auto companies are to co-ordinate the implementation of the renovation and expansion to consider building a new energy automobile production capacity.

2012 273

BYD Auto To Begin Sales of F3DM Plug-in to Individuals

Green Car Congress

BYD Auto says it will place its F3DM dual-mode plug-in electric vehicle ( earlier post ) on sale to individual buyers on 29 March, with the first sales location to be Shenzhen, Guangdong Province. During the Two Sessions in 2010, Li Yizhong, minister of Information and Industrial Technology, said that the ministry was discussing subsidies for new energy vehicles amounting to tens of thousand yuan with the Ministry of Finance. People’s Daily.

2010 183

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

Green Car Congress

In sync with its past annual auto studies, AlixPartners continues to predict that US auto sales will climb more slowly, and to a lower peak, than many others are predicting. Specifically, the firm estimates US auto sales will reach just 12.7 AlixPartners also estimates that on-going unemployment and underemployment could cost the auto industry up to 1.5 House appreciation historically has been used to finance the purchase of a new vehicle about 20% of the time.

2011 183

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

Green Car Congress

has delivered the first 70 pre-transmission hybrid drive systems to First Auto Works for application in a hybrid bus. First Auto Works is one of China’s largest vehicle producers, manufacturing in excess of 1,000,000 vehicles annually. 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.

2009 150

VW and Porsche to Merge; New Integrated Auto Group with 10 Brands, Led by VW

Green Car Congress

At the same time, negotiations with the Emirate of Qatar to acquire options on Volkswagen shares will continue, and talks will be initiated with Porsche’s financing banks to discuss the overall concept. To finance its investment in Porsche AG and safeguard its rating, Volkswagen is planning a capital increase in the first six months of 2010 by issuing new preferred shares.

2009 150

2020 Hyundai Sonata Hybrid $249 lease tops June plug-in, hybrid, electric car deals

Green Car Reports

Although the cheap low-interest or no-interest financing deals for new vehicles have mostly gone away, as the auto industry recalibrates supply to a new coronavirus-recovery norm for demand, many of them are still good through June in the green-car sector—leading to some standout deals for electric cars, plug-in hybrids, and hybrid vehicles.

2020 93

A.T. Kearney study projects US auto sales volumes will trend back to historical levels by 2013; forecasts 13.2 million new units sold in 2011 and 16 million in 2013

Green Car Congress

million new autos will be sold in the US this year. The study cautions, however, that the availability of financing, total cost of ownership and the unfolding events in Japan will impact vehicle sales in both markets. This represents a $3.2-billion contribution opportunity for the auto OEMs. A newly released study by A.T. Kearney forecasts 13.2 The study further anticipates an upward trend toward pre-recession levels of about 16 million units by 2013.

2011 174

ŠKODA collaborates with IBG ?esko on second-life battery energy storage system; up to 328 kWh

Green Car Congress

ŠKODA AUTO, a subsidiary of the Volkswagen Group, is introducing a smart energy storage system using second-life batteries from electric vehicles. ŠKODA AUTO issues a two-year warranty on the energy storage systems; for the second-life batteries used, the warranty period is eight years.

A Brief Look at Today's Plug-in Hybrid and Electric Vehicles and the Companies That Are Revolutionizing an Old Industry - Yahoo! Finance

Tony Karrer Delicious EVdriven

News & Opinion Markets Investing Ideas Expert Advice Special Editions Company Finances Providers Personal Finance Banking & Budgeting Career & Work College & Education Family & Home Insurance Loans Real Estate Retirement Taxes My Portfolios New Portfolio MarketTracker Tech Ticker (new) Search for share prices Get Quotes Finance Search Tue, Apr 21, 2009, 10:17AM ET - U.S. Finance Discover free information about finance.

2009 28

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. In its 13 August 2019 press release Ideanomics announced that its MEG Group would be facilitating the sourcing of vehicles and associated financing of EV taxis for the City of Chengdu through a joint venture with iUnicorn (known as Shenma in China). Ideanomics Inc.

2019 177

Help shape the future of EV growth today

Electric Auto Association

Join an Electric Auto Association committee to impact the speed of EV adoption. By: April Bolduc, Electric Auto Association President The signs are clear, the interest in electric vehicles (EVs) has significantly picked up speed across the globe.

KSRTC allows transportation of electric scooters & bicycles, reduces ticket charges 

Electric Vehicles India

To develop e-mobility Rs 12 crore has been given as ‘e-mobility fund,’ which is used for the tax subsidy to 10,000 electric autos. The Kerala Finance Corporation will provide loans to purchase electric cars at an interest rate of 7%.


DiDi completes >US$500M fundraising round for autonomous driving subsidiary; led by SoftBank Vision Fund 2

Green Car Congress

DiDi also plans to further deepen cooperation with global upstream and downstream auto industry partners towards mass production of autonomous driving vehicles, with the aim of advancing the transformation of the global automotive and transportation industries.

2020 212

China and the Electric Car | Autos | Smart Spending | Mainstreet

Tony Karrer Delicious EVdriven

Last fall, Buffett’s MidAmerican Energy Holdings unit of Berkshire Hathaway (Stock Quote: BRK.A ) paid $230 million for a 10% stake in BYD Auto (short for “build your dreams”), based in Shenzhen, China. Related Slideshow: Top Green Cars View » BYD’s all-electric E6 automobile debuted at the Detroit Auto Show in January and it’s expected to enter the U.S. Consumer Reports: Most Reliable Used Cars Auto Auctions: What You Need to Know Car Lease Up?

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Joby Aviation secures $100M in Series B for electric VTOL; Intel, EDBI, JetBlue and Toyota

Green Car Congress

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 financing was led by Intel Capital, and includes strategic investors Singapore-based EDBI, JetBlue Technology Ventures, and Toyota AI Ventures. We’re excited to have attracted the backing of leaders in auto manufacturing, data intelligence, and transportation sectors.

2018 200

Electric Car Buyer’s Guide: 7 Steps to Find The Best EV for Your Life

EV Life

Narrow your electric car search Make a charging plan Know your range Maximize EV incentives Test drive Consider leasing vs. financing Get safe pickup or delivery. Consider leasing vs. financing. Why Finance? There’s never been more interest in electric cars.

2020 82

Horizon closes $10M venture loan facility for NanoSteel

Green Car Congress

Horizon Technology Finance Corporation, a specialty finance company that provides capital in the form of secured loans to venture-capital-backed companies in the technology, life science, healthcare information and services and cleantech industries, closed a $10 million venture loan facility for The NanoSteel Company, a leader in nano-structured steel materials design. The company’s targeted markets for its AM powder portfolio are tool & die, energy, auto, and agriculture.

2015 214

Tesla faces battle over direct sales to buyers in Connecticut

Green Car Reports

Another month, another Tesla battle with auto-dealer lobbyists in another state—or so it seems in the company's ongoing battle to sell electric cars online directly to buyers. This time, the action is in Connecticut, where on Monday the legislature's finance committee approved a bill letting Tesla do just that.

2019 Keeling Curve Prize winners include Opus 12; conversion of CO2 into fuels and chemicals

Green Car Congress

Finance. 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. The Keeling Curve Prize (KCP) has selected 10 winners for 2019, among them Opus 12 (Berkeley, California) which is developing a device that recycles CO? into cost-competitive chemicals and fuels. Earlier post.).

2019 188

BNEF forecasts cumulative 26 GWh of second-life EV battery storage by 2025

Green Car Congress

In a new report for clients, Bloomberg New Energy Finance (BNEF) forecasts that there will be 29 GWh of used EV batteries coming out of cars in 2025. The auto industry is divided on the issue. This far exceeds the size of the current stationary storage market. Of this, almost a third will get a second life as stationary storage (10GWh), bringing the cumulative total to 26 GWh.

2016 150

Big Oil Betting On Electric Vehicles

Green Car Congress

Speaking this week at the Bloomberg New Energy Finance conference in New York, Total SA’s chief energy economist, Joel Couse, forecasted that EVs will make up 15 to 30 percent of global new vehicle sales by 2030. Colin McKerracher, head of advanced transport analysis at Bloomberg New Energy Finance, sees Couse’s forecast as the highest EV sales margin yet to be forecasted by a major company in the oil sector. by Jon LeSage for

2017 195

Didi Chuxing sets up JV with China EV maker BAIC-BJEV; next-gen connected car systems; Transportation Brain

Green Car Congress

BAIC-Xiaoju New Energy Auto Technology Co. Jingju is a key component of a DiDi-BAIC strategic partnership formed in a growing alliance between DiDi and auto-industry players. DiDi started partnership programs with automakers and fleet operators in 2016, and launched the DiDi Auto Alliance, an industry-chain partnership network in April 2018. Didi Chuxing, the world’s leading one-stop transportation platform, announced a new joint venture with Beijing Electric Vehicle Co.,

2019 207

InDEED, a success

Electric Auto Association

Electric Auto Association (EAA) chapters across the country participated in Drive Electric Earth Day (DEED ) throughout the month of April, and participation exceeded expectations seemingly everywhere. “We’re Drive Electric Earth Day sets new records in attendance.

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. The US Department of Energy (DOE) has issued a draft solicitation that would provide up to $12.6 billion in loan guarantees for Advanced Nuclear Energy Projects.

2014 218

Toyota Financial Services issues first Euro-denominated Green Bond allocated specifically to the sales of low-emission vehicles; €600M

Green Car Congress

The €600-million (US$704-million) bond will be used to fund the acquisition of new retail finance contracts and beneficial interests in lease contracts for Toyota and Lexus vehicles that meet specific clean air criteria, including powertrain, fuel efficiency and emissions. TFS introduced the auto industry’s first Asset-Backed Green Bond in 2014; this latest issuance is the fourth Green Bond the company has issued.

2017 150

Swaying toward EV mobility

Electric Auto Association

Michael Peters, the CEO and cofounder of the electric vehicle (EV) car share service Sway Mobility , works with the Electric Auto Association (EAA) at the national level as treasurer, and at the local level as a ‘Lead Volunteer” for Drive Electric Northeast Ohio. “So

BYD to launch e6 electric car

Green Cars News

The wait will soon be over for US customers eager to get their hands on BYD Auto’s e6 electric crossover. According to Wang, the company will use the proceeds from a new share issue to finance the US introduction and also plans another production line for its lithium iron phosphate batteries in China. Tags: Electric cars Green cars Latest news Build Your Dreams Auto BYD Auto BYD e6 electric car BYD electric car e6 Warren Buffet

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The tipping point is upon us

Electric Auto Association


GM to Acquire AmeriCredit for Approx. $3.5B

Green Car Congress

have entered into a definitive agreement for GM to acquire AmeriCredit, a leading independent auto finance company, in an all-cash transaction valued at approximately $3.5 The acquisition establishes the core of a new GM captive financing arm that will enable GM to provide customers with a more complete range of financing options, while creating significant growth opportunities for both GM and AmeriCredit. General Motors and AmeriCredit Corp.

2010 174

Electric vehicles sales, transportation & policy initiatives 

Electric Vehicles India

The auto industry is witnessing a de-growth when compared to the sales of vehicles from 2021 to 2019. . Ministry of Finance (MoF). Electric vehicles sales, transportation & policy initiatives .