BYD sold 68,018 battery-electric buses worldwide 

Electric Vehicles India

As part of the collaboration, BYD will implement Levo’s technology and capital to offer fully financed medium and heavy-duty BYD commercial EVs. BYD sold 68,018 battery-electric buses worldwide .

BYD 56

Tesla tweaks financing product with best resale value guarantee and lower monthly payments

Green Car Congress

In response to critiques of the first version of its financing program introduced early in April ( earlier post ), Tesla Motors has raised the Model S resale value guarantee to be the highest of any premium sedan brand made in volume (excludes rare, low volume or limited edition vehicles). Buying a Model S through the Tesla financing offering now comes with a guarantee that the resale value will be higher than that of BMW, Audi, Mercedes, Lexus or Jaguar.

2013 193

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Renewable fuels and biochar company Cool Planet closes on $100M Series D financing

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Cool Planet Energy Systems, a renewable fuels and biochar company ( earlier post ), closed on its targeted $100 million Series D financing. Cool Planet’s green fuels are chemically identical to fossil fuels, with one of the lowest capital costs in the industry. One of the catalytic conversion processes creates a high-octane gasoline blend stock that can be used in today’s standard automobiles requiring no change to existing conventional fuel distribution systems.

2014 198

OC&C survey finds US consumers lag behind major industrialized countries in embracing electric/hybrid vehicles

Green Car Congress

Americans are much less likely than consumers in other major industrialized countries to purchase an electric vehicle or hybrid, largely because of concerns over access to charging stations away from home, according to a survey by global consulting firm OC&C Strategy Consultants. America remains the spiritual home of the individually owned automobile and the open road, with few willing to adapt to innovation.

2019 163

DiDi partners with SoftBank in Japan for platform services for taxi industry, launches open new energy car-sharing platform

Green Car Congress

have established a partnership to provide platform services for the taxi industry. The network of strategic partners includes 12 top automakers including BAIC BJEV, BYD, Chang’an Automobile Group, Chery Automobile Group, Dongfeng Passenger Vehicle, First Auto Works, Geely Auto, Hawtai Motor, JAC Motors, KIA Motors, Renault-Nissan-Mitsubishi, and Zotye Auto. DiDi hopes to leverage on its AI strengths and national network to empower the entire automotive industry chain.

2018 174

Dongfeng Motor Group deepens partnership with Peugeot with $1.1B stake, new industrial plan

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The investment also marks a strengthening and deepening of the existing industrial and commercial partnership between PSA and DFG, China’s second largest carmaker. The capital increase and the closer ties to DFG are aimed at: Strengthening PSA Peugeot Citroën’s footprint in China and in ASEAN and the realisation of industrial synergies with DFG, of around €400 million per annum for PSA Peugeot Citroën by early 2020s; and. Industrial partnership.

2014 206

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

China’s State Council has published a plan to develop the domestic energy-saving and new energy vehicle industry, which includes battery-electric vehicles, plug-in hybrid vehicles and fuel cell vehicles. Natural gas and other alternative fuel vehicle technology is basically mature, the government said, and is headed toward initial industrialization. 2012 Chinese Auto Industry Development Report. Developing the industrial system.

2012 272

Porsche and electric hypercar maker Rimac to set up JV incorporating Bugatti

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Bugatti Automobiles S.A.S. —Lutz Meschke, Member of the Executive Board for Finance. Oliver Blume and Lutz Meschke (Deputy Chairman and Member of the Executive Board for Finance and IT at Porsche AG) will become members of the Supervisory Board at Bugatti-Rimac.

Mobility services infrastructure company Via closes Series E round; valued at $2.25B

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Via , a company that provides digital infrastructure to power public mobility in cities around the world ( earlier post ), has raised a Series E financing led by EXOR. The financing values the company at $2.25

2020 224

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

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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 211

Toyota invests $394M in, collaborates with Joby on air mobility

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The collaboration reflects Toyota’s recognition of the long-term potential of the urban air mobility market to meet the evolving needs of society, as well as Joby’s position as an industry leader in working to deliver safe and affordable air travel to everyone.

2020 267

Ultracap company Ioxus closes $21M Series C round; IFC leads; focus on China

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Ioxus, a manufacturer of premium performance ultracapacitor technology for use in transportation, industrial and energy applications, completed its series C funding with receipt of $21 million from investors. IFC, a member of the World Bank Group, and the largest global development institution focused exclusively on the private sector, together with the Westly Group, a venture capital firm based in Menlo Park, California, led the financing.

2014 209

Soteria BIG licenses ORNL Li-ion battery safety technology

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The technology will be especially effective in vehicles, where physical damage can occur in automobile accidents and other mechanical events.

2020 253

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

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Strong brands and the automobile will continue to play a central role in individual mobility in the future. The Group says it will will have the largest amount of real-time data in the whole industry, and continuously improve its products on this basis.

Study: EVs cannot succeed without developing parallel supercharging networks

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These are the observations in an in-depth study of the industry by management professors at the University of California, Davis, and Dartmouth College. Bhargava and his co-authors compare the EV industry to various other platform-based products, such as smartphones, which are not nearly so useful without a mobile data network that delivers high-speed connectivity outside the home.

Davis 271

Electric vehicles sales, transportation & policy initiatives 

Electric Vehicles India

The Indian market has now witnessed some decent growth in the EV industry in FY20-21. The Society of Indian Automobile Manufacturers (SIAM) is an apex national body representing all major vehicle & vehicular engine manufacturers in India. Ministry of Finance (MoF).

Challenges In Electrifying Our Fields With E-tractors

Get Electric Vehicle

Farming industries serves as the backbone of developing third world countries and to increase the pace of the growth process, countries will have to leverage their resources to yield maximum benefits. Agro-industry in India heavily depends on the financing industry for their equipment.

India 52

Andy Grove: The U.S. must create an electric car industry - Apr. 17, 2009

Tony Karrer Delicious EVdriven

News | Markets | Technology | Personal Finance | Small Business | RSS Newsletters Video Home Fortune 500 Technology Investing Management Rankings Andy Grove on battery power To wean itself from imported oil, the U.S. must create a strong electric car industry. car industry hinges on cutting-edge battery technology. The power and efficiency of the internal-combustion engine were at the core of the development of the automobile.

2009 35

Saab sale falls through

Green Cars News

GM and Koenigsegg had initially signed a stock purchase agreement regarding the sale of 100 per cent of the shares of Saab Automobile AB in August. In September, Koenigsegg then signed a memorandum of understanding with Beijing Automotive Industry Holdings Co Ltd in an effort to explore growth opportunities in the Chinese market for Saab Automobile and BIAC.

2009 37

CHORENs insolvency administrators intend to restructure or sell

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CHOREN Industries GmbH, along with its two German subsidiaries, declared insolvency on 8 July ( earlier post ). Smaller shares are held by the automobile groups Daimler AG and Volkswagen AG. The insolvency was brought about as the result of financing difficulties associated with the commissioning of the synthetic-gas demonstration plant. (A

2011 181

Sumitomo to acquire 25% of Hay Holding GmbH from Musashi; expanding its automotive business

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Sumitomo Corporation and Musashi Seimitsu Industry Co., Hay is also price-competitive in its high-speed hot forging of transmission gears and other power train components, and expects to see significant future growth not only by continuing to serve a steadily growing European automobile market but also by capturing rising demand in the Chinese market.

2016 150

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

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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. Xiaoju Automobile Solutions?XAS?was Didi Chuxing, the world’s leading one-stop transportation platform, announced a new joint venture with Beijing Electric Vehicle Co.,

2019 205

New Navigant Leaderboard puts GM and Waymo at the head of the autonomous driving technology pack, Tesla last

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Silicon Valley and the incumbent automotive industry are increasingly recognizing that each can benefit from the expertise of the other in commercializing this technology quickly. Fiat Chrysler Automobiles (FCA) has joined the partnership of BMW, Intel, and Mobileye.

2018 187

Why are some EV chargers more expensive than others?

Green Charging

Recently, the automobile industry has developed quickly. The automobile industry is investing in protecting the environment. It supports organisations through grants and finances via OZEV or EVHS funding. You’re online looking at an array of EV chargers.

Chinas Minister of Science and Technology Forecasts Annual Domestic EV Production Capacity to Reach 1M by 2020

Green Car Congress

Public transport should also be the top priority for use of new energy automobiles in China, he said. Twenty-five Chinese cities have jointed a pilot program co-sponsored in 2009 by Ministry of Science and Technology, Ministry of Finance, National Development and Reform Commission, and Ministry of Industry and Information, to promote energy-efficient and new-energy vehicles. Xinhua.

2010 202

Koenigsegg Group AB Terminates Agreement For Purchase of Saab

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GM and Koenigsegg had signed a stock purchase agreement regarding the sale of 100% of the shares of Saab Automobile AB in August. In September, Koenigsegg signed a Memorandum of Understanding (MOU) with Beijing Automotive Industry Holdings Co. BAIC) to explore growth opportunities in the Chinese and international markets for the products of SAAB Automobile and BAIC. Koenigsegg Group AB has terminated the agreement for its proposed purchase of GM’s Saab.

2009 181

Resale Market for Electric Two-Wheelers and Three-Wheelers in India

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The Indian automobile market is powered by the help of the financing industry in the country. 90% of the commercial vehicles in India is financed. In this article, we are going to address a very real but not much-discussed topic.

India 52

Hyundai Motor Group invests $300M in India’s largest mobility service provider Ola

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As part of the strategic collaboration, the companies have agreed to co-create solutions to operate and manage fleet vehicles, marking the Group’s first foray into the industry, as they expand operations from automobile manufacturing and sales to total fleet solutions.

2019 172

Volkswagen Adding 1.6B to Investment for China; 6B Total

Green Car Congress

In view of the dynamic development of the Chinese automobile market, Volkswagen has added €1.6 Growth in the Chinese automobile market has exceeded everyone's expectations”. With the new total of €6 billion (US$8 billion), the Group intends to maintain and reinforce its leading position on one of the key sales markets of the automobile industry. billion (US$2.1 billion) to its current investment program for China.

2010 172

FCA proposes 50:50 merger with Groupe Renault

Green Car Congress

Fiat Chrysler Automobiles N.V. Groupe Renault also has a well-established and profitable financing business (RCI Banque). FCA also said that the case for combination is strengthened by the need to take bold decisions to capture at scale the opportunities created by the transformation of the auto industry in areas like connectivity, electrification and autonomous driving.

2019 238

GM Reaches Agreement with China-based Pacific Century Motors on the Sale of Nexteer Automotive

Green Car Congress

The company designs, engineers, manufactures and sells electric power steering, hydraulic power steering, steering columns and driveline halfshafts for more than 60 automobile manufacturers and tier one suppliers. The sale better enables Nexteer to take advantage of anticipated growth in the global auto industry with a variety of automakers. E-Town has more than US$15 billion in various credit facilities for the purpose of financing acquisitions and providing growth capital.

2010 172

EIA: China promoting both fuel efficiency and alternative-fuel vehicles to curb growing oil use

Green Car Congress

In its 12 th , and current, Five-Year Plan, the Chinese government also launched a new strategy to promote new energy vehicles (NEV; vehicles that are partially or fully powered by electricity) and to support its domestic automobile industry to mass-produce NEVs. Additionally, in 2012 the Chinese Ministry of Finance announced it would provide annual subsidies up to two billion yuan ($323.6 Consumption of gasoline in China grew from 0.9

2014 193

H2 Logic opens 70MPa fast-fill hydrogen station in Oslo; H2MOVES Scandinavia

Green Car Congress

The new station and the large number of FCEVs (Fuel Cell Electric Vehicles) result from the largest EU-financed demonstration program for hydrogen and fuel cell cars. The cars in the project will be leased to private and industrial customers and used on an everyday basis. But since alternative drives require alternative infrastructures, we work closely together with partners from governments, energy providers and several automobile manufacturers.

2011 198

PSA Group and Dongfeng Motors to design electric version of Common Modular Platform; global B- and C-segment EVs from 2019

Green Car Congress

In practical terms, the agreement will provide for temporary employee exchanges between operational teams in the fields of Research & Development, Marketing, Manufacturing, Finance and Human Resources. The new agreements are in support of the new 5A+ medium-term plan for Dongfeng Peugeot Citroën Automobile (DPCA).

2016 150

Daimler restructures cooperation with Tesla; termination of share-price hedging and sale of 4% stake

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—Bodo Uebber, Member of the Board of Management of Daimler AG for Finance & Controlling and Financial Services. Daimler has the industry’s broadest portfolio of electric vehicles, from cars and vans to buses and light trucks: smart electric drive; Mercedes-Benz A-Class E-CELL; B-Class Electric Drive; B-Class F-CELL; SLS AMG Coupe Electric Drive; Vito E-CELL; Mercedes-Benz Citaro FuelCELL-Hybrid; Fuso Canter E-CELL; and Freightliner Custom Chassis MT E-CELL All-Electric.

2014 242

Thermoelectric startup GMZ Energy secures $14M in Series C funding

Green Car Congress

Thermoelectric material developer GMZ Energy ( earlier post ) has secured $14 million in Series C financing. GMZ Energy has developed one of the most efficient and low-cost materials to generate electricity from heat with numerous applications—from electricity-generating solar water heaters to technology that increases automobile-fuel efficiency. GMZ Energy is developing its first product for the $8 billion residential, commercial and industrial solar thermal water market.

2011 193

Dow and AKSA forming JV for carbon fiber and derivatives; up to $1B investment in project within 5 years

Green Car Congress

The joint venture will develop and globally market a broad range of products and technical service support in the rapidly expanding carbon-fiber based composites industry. Very strong and lightweight, carbon-fiber based materials are used in a variety of applications in growth industries such as wind energy, construction, transportation, and infrastructure, where weight savings, emissions reduction, durability and energy efficiency are key performance factors.

Toyota launches e-Palette autonomous electric concept and mobility system

Green Car Congress

The automobile industry is clearly amidst its most dramatic period of change as technologies like electrification, connected and automated driving are making significant progress. The e-Palette Concept will capitalize on this vehicle information to support a variety of finance options, as well as high-level maintenance in cooperation with Toyota dealers.

2018 210

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

Green Car Congress

Guangzhou Automobile Group Co., —a partnership between Chery Automobile, China’s largest independent car manufacturer, and Israel Corporation—is bringing its Cross Hybrid Concept to the Geneva Motor Show in March. Guangzhou Automobile Group. As a listed company in both Hong Kong and Shanghai stock markets, GAC Group’s main business covers vehicle and component R&D; manufacturing; sales & logistics; automotive finance/insurance; and relevant services.

2013 223

Some Volkswagen strategists see battery-electric, diesel cost lines crossing by 2023-2025; TRANSFORM 2025+

Green Car Congress

Volkswagen also intends to play a key role in shaping the major transformation in the industry expected after 2025. Volkswagen’s e-mobility offensive—which is to result in selling one million electric cars per year by 2025—is to be financed by a number of measures including the discontinuation of certain low-volume, low-earnings conventional models and model variants. We are not aiming for niche products but for the heart of the automobile market.

2016 212

Can Electric Vehicles Speed Up As The Economy Slows Down?


In order to envision what may lie ahead, it’s key to understand how the EV industry was evolving up until the novel Coronavirus outbreak. The ongoing COVID-19 pandemic has slowed down the world as we know it and the automotive industry is no exception.

European Commission proposes 15% reduction in CO2 for new heavy-duty trucks by 2025, indicative target of 30% by 2030

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The European Automobile Manufacturers’ Association (ACEA), representing the seven major EU producers of heavy-duty vehicles, said that it welcomed the Commission’s two-step approach, with targets set for 2025 and 2030, as well as the proposal to validate the indicative 2030 target at a later point, as this would allow the latest fuel efficiency technologies available at that point in time to be taken into account.

2018 183

Chinas Largest EV Charging Stations Open in Shenzhen

Green Car Congress

The station is large enough to simultaneously serve 12 automobiles. The Hexie charging station is equipped with 3 express chargers and can accommodate 6 automobiles. In March 2009, Shenzhen was selected as one of the first batch of 13 model cities to promote energy-saving and new-energy vehicles by the Ministry of Science and Technology, the Ministry of Finance, the National Development and Reform Commission (NDRC), and the Ministry of Industry and Information Technology.

2009 181