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BMW Group investing in lithium extraction company Lilac Solutions

Green Car Congress

To promote environmentally-friendly, resource-efficient extraction of lithium, the BMW Group is investing , through its venture capital fund BMW i Ventures, in US startup Lilac Solutions. The BMW investment was part of Lilac’s just-closed US$150-million Series B financing.

BMW 236
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Pencil-Necked Finance Dweebs Suggest Anyone Making Six-Figures Should Only Buy a $15,000 Car

The Truth About Cars

Springing for luxury items just isn’t in the cards for most of us, despite the lavish recompense* deigned upon us by our corporate overlords in Downtown Canada. Beyond that, they suggest making a down payment of at least 20 percent and financing the thing for no more than four years. note: the recompense isn’t actually lavish at all).

Financing 104
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Michigan, Cavnue to create corridor for connected and autonomous vehicles between Ann Arbor and Detroit

Green Car Congress

During the feasibility analysis in Phase One, work will focus on technology testing and roadway design, and exploring different financing models with an aim toward determining project viability from both a technology and business perspective. The announcement took place in front of Michigan Central Station which Ford purchased in 2018.

Michigan 221
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Daimler invests in ChargePoint as part of $82M round; seat on board

Green Car Congress

Daimler AG is the lead investor in the first $82-million close of US-based charging solutions provider ChargePoint’s latest round of financing. Existing investors BMW i Ventures, Linse Capital, Rho Capital Partners, and Braemar Energy Ventures also participated in this latest fundraising round.

Parts 150
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Hyundai CEO Jose Muñoz says consumers would pay for a richer combine

Baua Electric

How most likely is it that larger rates of interest will construct customers get started delaying car purchases? They proceed to finance at larger charges or hire automobiles. The purchasers receive advantages. However does Genesis be capable to develop past that, possibly to get to the scale of BMW or Lexus?

Hyundai 52
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Obama Administration launches series of actions to accelerate EV adoption; inc. $4.5B in loan guarantees, pursuing 350 kW fast charge

Green Car Congress

Charging infrastructure financing: Unlocking Up $4.5 Loan guarantees can be an important tool to commercialize innovative technologies because these projects may be unable to obtain full commercial financing due to the perceived risks associated with technology that has never been deployed at commercial scale in the United States.

Obama 150
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Which 2024 EVs qualify for the $7,500 EV tax credit?

Baua Electric

1, any vehicles with key battery components sourced from a “foreign entity of concern”—China, Russia, Iran, or North Korea— will be disqualified in 2024 , as will corporate subsidies if a “parent entity” from one of those countries directly holds more of 50% of the automaker’s interest. Starting Jan.