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Stena Line introducing battery-electric operation to ferry; three stages up to 50 all-electric nautical miles

Green Car Congress

Stena Line, one of Europe’s leading ferry companies with 38 vessels and 21 routes in Northern Europe, is introducing battery power to its operations. Stena recently signed with Callenberg Technology Group for 1 MWh of batteries which will be installed on Stena Jutlandica which operates between Gothenburg and Frederikshavn.

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Electric commercial vehicle company SEA Electric raises $42M; partnership with Exro

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recently closed initial private placement equity financing for total gross proceeds of approximately US$42 million. With global headquarters in Los Angeles, SEA Electric currently has operations in five countries and more than one million miles of independent OEM testing and in-service operation in all markets. —Tony Fairweather.

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2,150 Workhorse W-15 range-extended electric pickups under letters of intent by fleets

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Subject to development, regulatory approval and financing, once production commences, Workhorse expects the W-15 to have a $52,500 MSRP. Electric power will be supplied using Panasonic 18650 Li-on batteries. The 80 mile range is designed to cover the majority of the miles driven in a day by fleets.

Fleet 150
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Volvo Car Group boosts production of V60 PHEV by 90%; 7,600 units in 2013

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The driver can also choose to cover up to 50 km (31 miles) on battery power, or use the combined capacity of the diesel engine and electric motor to deliver 215+70 horsepower and 440+200 N·m of torque. The two companies have financed the development project jointly.

Volvo 210
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Fisker reports more than $100M in revenue Jan-Apr 2012; more than $1B in funding since 2007

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In the first few months of 2012, Fisker has continued to raise private equity investment to fund its expansion plans, securing $174 million of additional private financing since the start of the year. The latest funding has lifted the overall financing beyond $1 billion since the start of the company in 2007.

Fisker 277
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Scania and Asko testing hydrogen fuel cell trucks

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The trucks will run in distribution service with distances of almost 500 km (311 miles). The research project is partly financed by the Norwegian government. The aim is to remove limitations in battery capacity and thereby achieve longer distances in electrical propulsion.

Hydrogen 150
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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

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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. Focus on supporting the development of the electric traction motor, power electronics, and electric ancillaries.