Oil companies fight back for charging dollars

Green Car Reports

As electric cars begin eating into profit growth at oil companies, the war for electric-car drivers' pocketbooks has begun. Electric utilities are counting on supplying increasing quantities of juice, especially during off-peak hours to make their operations more efficient—and not insignificantly to boost revenues along the way. Charging Networks

2018 63

This Is Why You Don’t Take Money From Oil Companies For Your Schools

Creative Greenius

When Chevron, or Phillips 66, or ExxonMobil or E&B oil companies give schools and nonprofits funding money they do it for one reason only. Sold them out to the very oil companies who are destroying their chance of having a decent future.

2015 207

China EV company Nio files for $1.8B IPO; targeting China’s premium BEV SUV market

Green Car Congress

The company is initially targeting China’s premium battery-electric SUV market. NIO Pilot, the company’s proprietary enhanced Level 2 ADAS system, is enabled by 23 sensors and equipped with the Mobileye EyeQ 4 ADAS processor, which is eight times more powerful than its predecessor.

2018 85

Porsche takes 10% stake in the electric technology and sports car company Rimac; development partnership

Green Car Congress

Porsche AG has taken a 10% stake in the technology and electric sports car company Rimac Automobili. As part of its electrification efforts, Porsche is seeking a development partnership with the young company.

2018 122

HD REV powertrain company Wrightspeed gearing up for commercialization push

Green Car Congress

The company recently showcased its powertrain technology alongside Mack Trucks at Waste Expo 2016 in Las Vegas and signed a $30+ million deal with NZ Bus, signaling multinational and multimodal demand for the company’s powertrain technology. Wrightspeed Inc.,

2016 159

Tesla founder, Chinese company launch SF Motors electric cars

Green Car Reports

While Musk has now become synonymous with the electric-car brand, Tesla was actually founded by Martin Eberhard and Marc Tarpenning, who had previously founded and sold a eBook reader company. While both left the company in 2008, they have kept their hands in. In the beginning, there was Tesla, although it wasn't started by current CEO Elon Musk.

2018 74

Clean powertrain company Punch Powertrain acquires power electronics specialist Apojee

Green Car Congress

Among the company’s current offerings are: emKERS. Punch Powertrain, a Belgium-based full-system supplier of fuel-efficient powertrains including transmissions and plug-in hybrid and battery-electric systems, is acquiring France-based power electronics expert Apojee.

2018 95

Ricardo forms company to commercialize cryogenic split-cycle engine: CryoPower

Green Car Congress

Ricardo has created a company—Dolphin N2 Ltd—to commercialize its CryoPower cryogenic split-cycle engine technology ( earlier post , earlier post.)

2018 95

Antenna company Airgain joins 5G Automotive Association

Green Car Congress

Antenna technology company Airgain, Inc. The company joins leading telecommunications and automotive companies with the aim of accelerating the penetration of the connected and autonomous car and intelligent fleet management. has become a member of the 5G Automotive Association ( 5GAA ).

PHEV company VIA acquires automotive engineering company

Green Car Congress

VIA Motors, a privately held plug-in electric vehicle development and manufacturing company, has acquired Prodigy Engineering, an electric vehicle design, engineering and prototyping company. Prodigy has been under contract with VIA to prototype new vehicle models for the company’s expanding portfolio. VIA VTRUX deliver up to 40-mile battery range and unlimited extended range, averaging over 100 mpg in typical daily driving, according to the company.

Italgas switching 2,500-vehicle company fleet to FCA natural gas vehicles

Green Car Congress

Italgas is renewing its entire company fleet with methane-powered vehicles from Fiat Chrysler Automobiles.The first deliveries have begun in Turin, with similar deliveries to be made in Rome and Naples—two of the main cities where the Italgas Group operates—over the next few days.

2017 78

BP invests in ultra-fast charging battery company StoreDot

Green Car Congress

While some battery manufacturers are able to improve only one of the following properties—capacity, fast-charging or extended battery-life—StoreDot’s novel technology has optimized these three parameters simultaneously, the company says. BP Ventures has invested $20 million in Israel-based ultra-fast charging battery developer StoreDot. Earlier post.)

2018 65

11 Japanese auto, infrastructure and financial companies establishing new company to develop hydrogen stations

Green Car Congress

As a result of discussions that began in May 2017, eleven companies in Japan have signed an agreement to form a new company in the spring of 2018 aimed at the full-fledged development of hydrogen recharging stations (HRS) for fuel cell vehicles (FCV). The objective of the new company is to enhance the collaboration among infrastructure developers, automakers, and financial institutions in order to simultaneously accelerate and scale up Japan’s deployment of HRS and FCV.

2017 60

Daimler takes 3.93% stake in Beijing Electric Vehicle Company

Green Car Congress

Expanding its strategic footprint in the field of New Energy Vehicles (NEV) in China, Daimler has acquired a 3.93% stake in Beijing Electric Vehicle Co., BJEV ), a BAIC Group subsidiary.

2018 78

Tenneco acquires Federal-Mogul for $5.4B; to create two independent, public companies

Green Car Congress

Tenneco also announced its intention to separate the combined businesses into two independent, publicly traded companies through a tax-free spin-off to shareholders that will establish an aftermarket & ride performance company and a powertrain technology company.

2018 90

ION Energy acquires battery management company Freemens SAS

Green Car Congress

Start-up ION Energy , a company building high-performance energy storage systems and electric vehicle infrastructure, has acquired the French battery management company, Freemens SAS. The company is planning a formal Series A later this year. As part of the cash-plus-equity transaction, the entire Freemens engineering and sales team willÚ join the core team of ION.

2018 73

Tesoro to acquire renewable fuels company Virent

Green Car Congress

Renewable fuels and chemicals company Virent and petroleum refiner and marketer Tesoro have reached an agreement for Tesoro to become Virent’s new strategic owner.

2016 78

Brazil’s Aerotec to invest ~$5M in Li-S battery company OXIS Energy; expanding into Brazil

Green Car Congress

million) in Li-Sulfur battery company OXIS Energy. OXIS says that it has achieved 400 Wh/kg at the cell level; the company is targeting 500 Wh/kg for 2019. Aerotec, a Brazilian Private Equity fund, will invest £3.75 million (US$5.2

2018 95

Toyota invests in V2X chipset company Autotalks

Green Car Congress

Additionally, current Autotalks’ investors increased their investment in the company. As the USDOT issued NPRM (Notice for Proposed Rule Making) will soon be in effect, leading global automotive companies are ahead of regulation. As a result, Autotalks will continue to stay a step or two ahead of its competition as has been the case since the company’s inception.

2017 60

Mercom Capital report: VC funding up for battery storage, down for smart grid, efficiency companies in 1H 2018 YoY

Green Car Congress

In Q2 2018, VC funding for Battery Storage, Smart Grid, and Efficiency companies decreased to $367 million in 27 deals compared to $472 million in 23 deals in Q1 2018.

2018 85

Even oil companies now acknowledge electric cars are coming

Green Car Reports

Now, even oil companies are starting to acknowledge that there may be reality in that dream of the future. Advocates have long suggested that electric vehicles will begin to take over daily driving duties, slowly but surely, from the internal-combustion engine. France's Total SA, one of the world's largest oil producers, released its future. emissions sales climate change plug-in cars

2017 82

In-wheel electric drive company Protean Electric raises $40M; JV with Weifu

Green Car Congress

In-wheel electric drive company Protean Electric announced the completion of a $40-million equity investment as the initial closing of its Series E funding round.

2018 85

Harley-Davidson invests in Alta Motors; companies will collaborate on future electric motorcycle product development

Green Car Congress

has made an equity investment in Alta Motors , a leader and innovator in lightweight electric vehicles; the two companies will collaborate on electric motorcycle technology and new product development. Harley-Davidson, Inc.

2018 98

Battery maker A123 quietly became a half-billion-dollar company

Green Car Reports

Ten years ago, lithium-ion cell maker A123 Systems was a hot startup and a much-publicized company. This author, in fact, profiled the company for IEEE Spectrum in the technology magazine's September 2007 issue. The six years that followed proved enormously painful for the Massachusetts company, however. DON'T MISS: A123 Systems To Recall. China Batteries lithium-ion battery pack A123 Systems Fisker Automotive Wanxiang Karma Revero

2017 72

First Tesla Model 3 Performance AWD built; Musk claims company was "sabotaged"

Green Car Reports

After laying off 9,000 workers last week, Tesla CEO Elon Musk sent a company-wide email in which he claimed an employee had committed "extensive and damaging sabotage" against the company. The news comes on the heels of another Musk tweet that congratulated employees for building the first all-wheel-drive Performance version of the Model 3

2018 63

VW e-Golf in very short supply as company prepares for ID Crozz electric car

Green Car Reports

The company has As VW gears up to begin selling its new ID line of electric cars, supplies of its existing electric car, the e-Golf have dropped to just 10 cars nationwide, according to our partners at Cars Direct. Inventories that low usually mean that cars are being discontinued, but Volkswagen said the model will continue for 2018 and 2019.

2018 61

Indian ride-sharing company Ola to put 10,000 EVs on the road in 12 months, 1M by 2021

Green Car Congress

India-based Ola, one of the world’s largest ride-hailing companies, launched “ Mission: Electric ”, with a commitment to place 10,000 E-rickshaws and Electric auto-rickshaws in its service in the next 12 months.

2018 106

Alstom invests €14M in electric autonomous shuttle company EasyMile

Green Car Congress

The funds provided by Alstom will be used to accelerate the company growth and support the R&D program. Rail transport giant Alstom is investing €14 million (US$15 million), and thus taking a minority stake, in EasyMile, a start-up developing the EZ10 electric driverless shuttle.

2017 90

Waste-to-biofuels company Enerkem raises C$280M, its largest financing round

Green Car Congress

Sinobioway is a leading Chinese company engaged in the bio-economy. Enerkem’s facilities are built as prefabricated systems based on the company’s modular manufacturing infrastructure that can be deployed globally. Canada-based Enerkem Inc.,

2018 95

Qualcomm makes strategic investment in safe battery technology company Amionx

Green Car Congress

Qualcomm has made a strategic investment in Amionx, a leader in safe battery technology. As part of its investment, Qualcomm President Derek Aberle will join the board of directors of Amionx.

2017 85

Nikola Motor Company hires Jesse Schneider from BMW as hydrogen and fuel cell technologies VP

Green Car Congress

We are excited to introduce industry veterans into our company structure to help prepare for the manufacturing rollout. —Trevor Milton, CEO, Nikola Motor Company. is completing a 150,000 square-foot R&D facility in Phoenix where the company will relocate by 1 August 2018. Once in Arizona, the company intends to begin development on the one million square-foot assembly plant in Buckeye, a Phoenix suburb.

2018 81

Havelaar Bison all-electric utility truck announced by Canadian company

Green Car Reports

Canadian company Havelaar is the most recent to try its hand at an electric vehicle; like a few other companies, it's proposing a purpose-built electric truck. The electric-vehicle market remains in infancy, but non-traditional automakers are beginning to explore and tap the potential market for multiple types of vehicles powered by batteries.

2017 67

Cellulosic sugars company Renmatix raises $14M from Bill Gates, Total

Green Car Congress

Cellulosic sugars company Renmatix has raised $14 million. The investment, intended to support the commercializing of the company’s Plantrose process, was led by Bill Gates. From this well established foundation in industrial sugars, the company continues to expand its product portfolio by valorizing additional bio building block intermediates, including Omno polymers and crystalline cellulose.

2016 87

Volvo XC40 crossover SUV to be company's first all-electric car

Green Car Reports

The Volvo XC40 is the automaker's first all-electric car hiding in plain sight, according to the automaker. Volvo's chief designer and Polestar head, Thomas Ingenlath, confirmed to British magazine AutoCar last week that the new XC40 will be the first Volvo available with an all-electric powertrain. It will be followed by another electric car

2018 70

Roskill: Chinese companies step up their pursuit of lithium resources

Green Car Congress

China is stepping up its pursuit of control of the lithium supply chain, underpinned by the rapid growth of its lithium-ion battery industry building on agressive policy surrounding electric vehicle sales, according to metals and mining consultancy Roskill. One of China’s largest lithium-ion battery manufacturers, CATL, recently acquired North American Lithium from past owner Jilin Jien Nickel Industry.

2018 60

Kia Sorento Diesel crossover utility vehicle confirmed by company

Green Car Reports

With Volkswagen having left a gaping void in the North American market for diesel vehicles, other automakers are taking a chance at exploiting the fuel for their own market-share gains. The latest entrant is Kia, which—for the first time in its 24-year U.S. history—will have a compression-ignition engine on dealership floors. Kia's. Diesels turbodiesel Fuel Economy

2018 63

BP to acquire the UK’s largest electric vehicle charging company

Green Car Congress

BP has entered into an agreement to purchase Chargemaster, the UK’s largest electric vehicle (EV) charging company. The company has more than 40,000 customers of its POLAR network, of which an increasing number choose to pay a monthly subscription, and the remainder access on a pay-as-you-go basis. Chargemaster operates the UK’s largest public network of EV charging points, with more than 6,500 across the country.

2018 65

Desperate coal company CEO slammed Tesla electric cars as 'fraud'

Green Car Reports

The debate over U.S. energy policy took a dramatic turn last month when Tesla Motors CEO Elon Musk squared off against the CEO top privately-owned U.S. coal producer Murray Energy. In an interview for the CNBC show "Squawk Box," Robert Murray called Tesla and its electric cars a "fraud." He criticized the automaker for failing to turn a profit. plug-in cars renewable energy fossil fuels

2016 87

Preh acquires power electronics company ePower from Kongsberg Automotive

Green Car Congress

ePower Nordic AB was established in 2011 by Kongsberg Automotive and Swedish electronics company QRTECH to excel in the field of power electronics, meeting stringent requirements regarding quality, low weight and high power density. Lennart Garpenstedt, the ePower business unit head of Kongsberg Automotive, will become managing director of the future company Preh Sweden AB.

2017 60

Major automakers, startups, technology companies and others launch Mobility Open Blockchain Initiative (MOBI)

Green Car Congress

Early in May major automakers, startups, technology companies and others came together to launch, MOBI, the Mobility Open Blockchain Initiative, to explore blockchain for use in a new digital mobility ecosystem that could make transportation safer, more affordable, and more widely accessible. MOBI is working with companies accounting for more than 70% of global vehicle production in terms of market share.

2018 65