Nikola Corporation to Acquire Battery Pack Company Romeo Power

Electric Cars Report

Nikola Corporation and Romeo Power have entered into a definitive agreement in which Nikola will acquire the battery supplier in an all-stock transaction. Electric Car News Nikola Nikola Corporation Nikola Motor Romeo power

Sysco Corporation intends to purchase up to 800 battery-electric Freightliner eCascadia Class 8 trucks

Green Car Congress

Daimler Truck North America (DTNA) and Sysco Corporation (NYSE: SYY) a leading US foodservice distribution company, have signed a Letter of Intent (LOI) to deliver up to nearly 800 battery-electric Freightliner eCascadia Class 8 tractors by 2026.

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Alpha Motor Corporation SUPERSAGA electric performance sedan  

Electric Vehicles India

Alpha Motor Corporation SUPERSAGA electric performance sedan . We see the importance in evolving car culture and building motivation for clean energy automobiles and the technology which defines it,” said Alpha Motor Corporation.

Oshkosh Corporation unveils Volterra platform of electric fire and emergency vehicles

Green Car Congress

Oshkosh Corporation’s Fire & Emergency segment unveiled the Volterra platform of electric vehicles with the introduction of two new trucks under the Pierce Manufacturing and Oshkosh Airport Products brands. —John Pfeifer, Oshkosh Corporation President and CEO.

First US corporate customer reserves 100 VinFast EVs

Green Car Congress

Artemis DNA, a clinical diagnostic laboratory company providing proprietary Next Generation Sequencing (NGS) genetic and diagnostic testing that enables precision medicine through early disease detection in the US, has reserved 100 VinFast EVs. In a recent letter from Artemis DNA Founder and CEO, Emylee Thai, she stated that the company is dedicated to becoming a leader in environmental stewardship within the diagnostics and healthcare industry.

Corporate EV Alliance calls for US standards ensuring interoperable chargers

Green Car Congress

As the letter notes, such standards will be critical to accelerate a rapid transition to electric vehicles, and will be particularly important for companies that operate large fleets. The letter is on behalf of the Corporate Electric Vehicle Alliance, the 28 members of which together represent more than $1 trillion in annual revenue and collectively own, lease, or operate more than one million fleet or networked vehicles in the US. — Corporate EV Alliance letter.

sennder and Cabot Corporation complete one of Europe’s first cross-border transportations using a heavy-duty electric truck

Green Car Congress

sennder, Europe’s leading digital road freight forwarder and Cabot Corporation, a leading global specialty chemicals and performance materials company, transported one of Europe’s first zero-emission cross-border heavy duty loads.

Sumitomo Corporation of Americas makes strategic investment in hydrogen fuel provider OneH2

Green Car Congress

Sumitomo Corporation of Americas (SCOA), the largest subsidiary of Sumitomo Corporation, one of the world’s largest traders of goods and services, has invested in OneH2, a hydrogen fuel company headquartered in Longview, North Carolina.

XL Fleet going public via merger with SPAC Pivotal Investment Corporation II; expanding fleet portfolio to all-electric solutions

Green Car Congress

XL Fleet and Pivotal Investment Corporation II, a publicly traded special purpose acquisition company (SPAC), have recently entered into a definitive merger agreement.

2020 358

Fuji Heavy Industries to change company name to Subaru Corporation

Green Car Congress

the manufacturer of Subaru vehicles, will change its company name to Subaru Corporation with effect from 1 April 2017 (tentatively). Implementation of the name change is subject to shareholder approval for amendments to the company’s Articles of Incorporation at the 85 t h General Meeting of Shareholders scheduled for 28 June 2016. To this end, the Company is focusing on two initiatives: enhancing the Subaru brand and building a strong business structure.

2016 150

Nikola Corporation to unveil novel battery cell technology; 500 Wh/kg on production cell

Green Car Congress

Nikola Corporation said that it has developed a new battery that has a record energy density of 1,100 Wh kg -1 on the material level and 500 Wh kg -1 on the production cell level—including casing, terminals and separator—more than double current lithium-ion battery cells. —Trevor Milton, CEO, Nikola Motor Company. Nikola’s Motor Company’s commercial truck product portfolio includes the Nikola Two, Nikola Tre and Nikola One.

2019 282

Ford dealership applies $69,554 markup on F-150 Lightning despite corporate orders

Teslarati

Ford dealerships are starting to receive units of the all-electric F-150 Lightning and they are applying massive market adjustments despite corporate’s stern orders not to do so several months ago. Ford dealers are defying company orders with insane F-150 Lightning markups.

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Hyzon Motors announces strategic collaboration with Sojitz Machinery Corporation of America

Green Car Congress

a global supplier of hydrogen fuel cell-powered heavy vehicles, signed a strategic collaboration agreement with Sojitz Machinery Corporation of America (SMA) to partner in penetrating new markets and exploring the development of new fuel cell-powered commercial mobility applications. Hyzon Motors Inc.,

World’s second largest mining corporation orders four Wabtec battery-electric locomotives

Electrek

Rail freight manufacturer Wabtec Corporation has announced its latest customer is Rio Tinto, one of the largest metal and mining companies on the planet.

Terra Motors & FCC Corporation partners to develop futuristic EVs

Electric Vehicles India

Terra Motors & FCC Corporation partners to develop futuristic EVs. Terra Motors Corporation a Japanese electric vehicle maker has partnered with a Japan-based FCC Corporation to develop futuristic electric vehicles for global markets. Terra Motors & FCC Corporation.

Nikola to acquire battery-pack company Romeo Power

Green Car Congress

Nikola Corporation and Romeo Power have entered into a definitive agreement in which Nikola will acquire Romeo in an all-stock transaction. Headquartered in Cypress, California, Romeo is an energy storage technology company focused on designing and manufacturing lithium-ion battery modules and packs for commercial vehicle applications. The transaction has been approved by the Boards of Directors of both companies.

Six Japan-based companies establish Research Association of Biomass Innovation for Next Generation Automobile Fuels

Green Car Congress

ENEOS Corporation, Suzuki Motor Corporation, Subaru Corporation, Daihatsu Motor Co. It is crucial to provide diverse energy options to meet the needs of many different regions and customers in order to achieve carbon neutrality, the companies said.

Anand Group partners Mando Corporation to develop EV components 

Electric Vehicles India

Anand Group partners Mando Corporation to develop EV components . Anand Group an Auto component maker has partnered with South Korea’s Mando Corporation to cater to the growth of the electric vehicles segment in India. Anand Group partners South Korea’s Mando Corporation.

Rio Tinto and Nippon Steel Corporation to cooperate on low-carbon emission steel value chain

Green Car Congress

Rio Tinto, a leading global mining and metals company, and Nippon Steel Corporation, Japan’s largest steel producer, have signed a Memorandum of Understanding (MoU) jointly to explore, develop and demonstrate technologies to transition to a low-carbon emission steel value chain. Japan’s recent announcement of its commitment to realize a carbon-neutral society by 2050 has given Japanese companies even greater impetus to accelerate their decarbonization activities.

2020 170

Alpha Motor Corporation debuts Wolf pure electric truck

Electric Vehicles India

Alpha Motor Corporation debuts Wolf pure electric truck. The Alpha Motor Corporation has just debuted the WOLF at the Petersen Automotive Museum in Los Angeles, California. Alpha Motor Corporation says “Move Humanity means efficiently mobilizing innovation for people.

DOE to award Enovix Corporation $3.2M for work on EV battery with silicon anode

Green Car Congress

Mitsubishi Chemical Corporation, a global leader in formulated electrolyte for lithium-ion batteries, and the National Renewable Energy Laboratory (NREL), a leading research institution accelerating energy-efficient solutions, have agreed to support Enovix with the project. The production facility is presently under construction at company headquarters in Fremont, California.

2020 179

Toshiba splitting into three companies; first such spin-off scheme for a Japanese company of this size

Green Car Congress

Toshiba Corporation intends to split itself into three standalone companies: Infrastructure Service Co. Toshiba , holding its shares in Kioxia Holdings Corporation (KHC) and Toshiba Tec Corporation. Kioxia is a Japanese multinational computer memory manufacturer spun-off from Toshiba as Toshiba Memory Corporation in June 2018. New structure: overview of three companies.

Major companies with large fleets release new EV roadmap for car & truck manufacturers

Green Car Congress

Members of the Corporate Electric Vehicle Alliance presented top vehicle manufacturers, including Volvo, GM, Daimler and Toyota, with a roadmap for developing the types of electric vehicles that companies plan to acquire in the US over the next five years.

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Autonomous vehicle simulation company MORAI secures US$20M Series B

Green Car Congress

The company subsequently has established itself as South Korea’s sole provider of full-stack autonomous vehicle simulation solutions. Korea-based MORAI , a developer of full-stack autonomous vehicle simulation technology, secured a US$20-million Series B funding round.

Uranium Energy Corp completes acquisition of Uranium One Americas; largest uranium mining company in US

Green Car Congress

Uranium One is the world’s fourth-largest uranium producer and part of Russia’s State Atomic Energy Corporation, Rosatom. Other highlights of the acquisition include the following: Largest US uranium mining company. Uranium Energy Corp.

Cellulosic BioButanol Company Cobalt Technologies Signs Agreement With Fluor Corporation

Green Car Congress

Cobalt Technologies has signed an agreement with Fluor Corporation for engineering consulting services as Cobalt gears up to commercialize its cellulosic biobutanol production technology. We have examined many different biofuels technologies, and are choosing to work with those companies that we believe have the greatest potential to be commercialized economically and to make a major impact on achievement of the nation's alternative fuels goals.

2010 170

DriveElectric agrees strategic investment partnership with Sumitomo Corporation

Drive Electric

We are delighted to announce that DriveElectric has agreed a transformative deal with Sumitomo Corporation which will see an acceleration in our products and services to meet the increasing demand for electric vehicles in the UK.

Shell and Sumitomo Corporation invest in LO3 Energy to develop blockchain-based community energy platform

Green Car Congress

Shell Ventures and Sumitomo Corporation Group have invested in LO3 Energy to support the global development of its blockchain-based community energy networks. LO3 Energy’s transactive energy platform was pioneered with the Brooklyn Microgrid and the company now runs projects with partners around the world, in the UK, Colombia, Japan, Australia and the US.

2019 184

Daimler to split into two pure-play companies: cars & vans, trucks & buses

Green Car Congress

Daimler plans a fundamental change in its structure, splitting into two independent pure-play companies: Mercedes-Benz Cars & Vans, and Daimler Truck, which will be a spin-off the current Truck and Bus business. It represents the start of a profound reshaping of the company.

V2X company Fermata Energy raises $40M in recent round

Green Car Congress

Fermata Energy, a vehicle-to-everything (V2X) technology services provider, recently raised $40 million to accelerate the company’s growth with investment from new partners, including funds managed by global investment firm Carlyle and Verizon Ventures. The company’s V2X software technology aims to transform electric vehicles into energy-storage assets, making EV ownership more cost effective.

3D electrode company Addionics closes $27M Series A

Green Car Congress

Additional investments include strategic and financial support from Novelis, Magna International, JX Nippon Mining & Metals, Union Tech Ventures, 8090 Partners, GiTV, Talcar Corporation, Bridges Israel impact investment fund, Doral Energy Tech Ventures (Doral Energy CVC), and Dr. David Deak.

Cabot Corporation partnering with Argonne, SAFT in DOE-funded project for development of low-cobalt cathodes

Green Car Congress

Cabot Corporation, a leading global specialty chemicals and performance materials company, has been selected by the US Department of Energy (DOE) to participate in an advanced vehicle technologies research project that is part of a large, $80-million funding package ( earlier post ).

2018 186

Mitsubishi Motors Corporation (MMC) unveils MI-TECH CONCEPT small SUV PHEV

Green Car Congress

Mitsubishi Motors Corporation (MMC) unveiled the MI-TECH CONCEPT electrified small SUV concept car at the Tokyo Motor Show 2019. The company is also showcasing the twin-motor, 4WD Engelberg Tourer, unveiled in March in Geneva ( earlier post ). We are dedicated to electrification technology, particularly plug-in hybrids (PHEVs).

2019 163

TAE Technologies exceeds fusion reactor performance goals by 250% as company closes $250M round; $1.2B to date

Green Car Congress

In its recently closed Series G-2 financing round, TAE secured $250 million from investors in the energy, technology, and engineering sectors to support the company’s mission to deliver a long-term solution to rapidly growing electricity demand while providing global energy independence and security.

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Intelligent Energy and Suzuki Motor Corporation establish joint venture company to develop and manufacture fuel cell systems

Green Car Congress

Intelligent Energy and the Suzuki Motor Corporation have created a joint venture company called SMILE FC System Corporation to develop and manufacture air-cooled fuel cell systems for a range of industry sectors. Under the terms of the contract, both companies will take a 50% stake in the joint venture. SMILE FC System Corporation will be headquartered in Hamamatsu City, Shizuoka, with operations initially based in Yokohama.

2012 215

BMW Group investing in lithium extraction company Lilac Solutions

Green Car Congress

New investors in the round in addition to BMW include SK Materials, Presidio Ventures (a Sumitomo Corporation Group Company), MCJ Collective, and Earthshot Ventures. The company seeks to significantly reduce environmental impact compared to conventional methods, while, at the same time, protecting local communities and ecosystems. The BMW Group has made sustainability and resource efficiency central to the company’s strategic direction.

Northern Graphite closes acquisition of two graphite mines; 3rd largest non-Chinese graphite company

Green Car Congress

Canada-based Northern Graphite Corporation has closed its previously announced acquisition of the producing Lac des Iles graphite mine (LDI) in Québec from a subsidiary of Imerys SA and the Okanjande graphite deposit/Okorusu processing plant in Namibia from a subsidiary of Imerys and its joint venture partner. The Okanjande deposit has large measured and indicated resources and the Company intends to assess building a new processing plant with 100-150,000 tpy of production capacity.

Nikola delivers first Nikola Tre battery-electric trucks to port drayage company TTSI

Green Car Congress

Nikola Corporation delivered the first Nikola Tre battery-electric vehicle (BEV) pilot trucks to Total Transportation Services Inc.

Solid-state battery company Quantumscape to list on NYSE; $3.3B valuation

Green Car Congress

QuantumScape Corporation, a developer of next generation solid-state lithium-metal batteries for use in electric vehicles, and Kensington Capital Acquisition Corp.,

2020 373

Windows giant Andersen leads $30M funding of solar window company

Electrek

US window manufacturing giant Andersen Corporation is leading a series B $30 million funding round of solar window company Ubiquitous Energy. more… The post Windows giant Andersen leads $30M funding of solar window company appeared first on Electrek.

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Canadian company AK Motor International introduces new EV brand: Maple Majestic

Green Car Congress

Canada-based AK Motor International Corporation, an automotive intellectual property management company, is launching a new electric vehicle brand: Maple Majestic. Climate Friendly driving does not necessarily mean an SUV, says the company.

Daimler AG Board approves Project Future corporate restructure; goes to shareholders in 2019

Green Car Congress

The Board of Management and Supervisory Board of Daimler AG has approved a new corporate structure for Daimler AG. Following approval by the Board of Management and Supervisory Board the corporation can now move into the implementation phase of what it calls “PROJECT FUTURE”. All three companies will be German co-determined stock corporations (“Aktiengesellschaften”) based in Stuttgart. There are no plans for the corporation to divest individual divisions.

2018 150

Novozymes acquiring industrial enzyme business from Canadian Iogen Corporation

Green Car Congress

Novozymes is acquiring Iogen Bio-Products, the industrial enzyme business of Ottawa-based Iogen Corporation for C$67.5 Novozymes acquires all of Iogen Corporation’s industrial enzyme business. The acquisition does not include the purchase of assets that relate to Iogen Corporation’s bioenergy process technologies. The company has close to 70 employees and sells more than 20 products globally.

2013 196