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

Green Car Congress

Additionally, through its stimulus programs and local industrial policies, the Chinese government is providing a range of grants, low-interest loans and related financial and tax incentives. Due to the strategy to focus predominantly on China in both the immediate and longer term, the company is reallocating its global resources.

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National Alliance for Advanced Transportation Batteries Opts for Kentucky Site for Li-ion Plant

Green Car Congress

The 1,551-acre Glendale site, which sits adjacent to Interstate 65 and the CSX rail line, runs along what is called “Auto Alley” and will be submitted as part of NAATBatt’s application to the US Department of Energy.

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Grant Thornton LLP Warns of Potential Collapse of Automotive Supply Chain

Green Car Congress

Meanwhile, adding further downside pressure is that banks in many cases are working to reduce their exposure to the auto industry. Don’t Overreach: With the entire supply chain so vulnerable, automakers should err on the conservative side when forecasting volumes for new or resourced programs. Laura Marcero

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Plug-in cars: Moving Forward

Plugs and Cars

I write a column for the Electric Auto Association newsletter, Current EVents. It hasn’t led to an immediate abandonment by the automakers of this long over-subsidized initiative, but it will help put a stopper in the drain on resources accelerated under President Bush. Here's my June column. Plug-in cars are inevitable.

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GM: Let's Hash Out Open Plug-In Car Standards

Tony Karrer Delicious EVdriven

The auto industry is now gearing up to hash out those standards at the SAE conference in Detroit next week — and GM has a major stake in getting them out swiftly. OStatic] Nokia E71x Expected on May 4th: Here’s Reading Material Until Then [jkOnTheRun] Renewable Standards to Spur Moore’s Law for Cleantech?

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Honda May Develop Plug-In as Obama Alters U.S. Policy (Update2) - Bloomberg.com

Tony Karrer Delicious EVdriven

policy shifts to favor battery-powered autos. Tax Credits Instead, Obama backed tax credits of as much as $7,500 inthe stimulus package approved in February for buyers of plug-incars. Honda, the world’s largest engine maker, set a goal ofleading the industry in hydrogen fuel cell autos. millionthis year from $211.9

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Has the cash for clunkers scheme failed? The Green Piece

Green Cars News

Though the scheme proved so popular that the initial $1billion set aside for it ran out last month, auto sales only rose by 2.4 According to Knittel the results suggest that the programme is an expensive way to reduce carbon, although he does state that it is possible the stimulus benefits outweigh added environmental costs.