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Nio garners $2.2 billion investment from UAE fund

Teslarati

billion investment from a firm backed by the United Arab Emirates, as it continues to push to introduce its EVs in additional markets. Nio’s investment comes from Abu Dhabi-backed firm CYVN Holdings, after the automaker also gained a $1 billion round of financing from the company in July, according to Financial Times.

UAE 84
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BMW Group sourcing aluminum produced using solar energy from EGA

Green Car Congress

This is equivalent to about 3% of the CO 2 targets the company has set for its supplier network. In an electrified vehicle, CO 2 emissions from the use phase are much lower, but producing battery cells or aluminum is very energy-intensive. million tonnes of CO 2 emissions over the next ten years.

BMW 395
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Ballard to supply two fuel cell modules to Solaris for bus deployments in Europe

Green Car Congress

Ballard’s fuel cell power modules will be utilized as range extenders for batteries in Solaris electric bus platforms. The Company manufactures intracity, intercity and special-purpose buses as well as low-floor trams. —Günter Elste, CEO of Hamburger Hochbahn AG.

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South Korean EV Company to Open Two Production and Distribution Facilities in Pennsylvania

Green Car Congress

As the demand for electric vehicles grows, the Governor said, companies and universities like CMU will be called upon to develop more efficient and economical batteries, while the nation’s electrical infrastructure will need to be upgraded to accommodate vehicles in need of a recharge.

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Gulf oil giants Saudi Aramco, Adnoc set sights on lithium – ET Auto

Baua Electric

Saudi Arabia and the United Arab Emirates’ national oil companies plan to extract lithium from brine in their oilfields, in line with efforts to diversify their economies and profit from the shift to electric vehicles (EVs), three sources told Reuters.

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Einride partners with Heineken to support electric trucks moving precious beer through Europe

Baua Electric

Across the pond, Einride has begun operations in Germany and the UK and is in the process of bringing all-electric commercial freight to the United Arab Emirates (UAE). At this stage, battery electric is one of the best-positioned technologies to decarbonize road freight.

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Phoenix Motorcars Introducing Electric AWD Phoenix SUT at FedFleet 2010

Green Car Congress

Each solution is equipped with lithium-ion batteries. Phoenix Cars LLC, a Delaware company, operates under the trade name of Phoenix Motorcars. Founded in Dubai in 1953, Al Yousuf LLC has become one of the leading commercial groups in the United Arab Emirates.

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