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Fisker and Magna enter into definitive agreements for production of Fisker Ocean EV

Green Car Congress

has entered into definitive “operational phase” platform-sharing and initial manufacturing agreements with Magna International Inc., Available on the range-topping Ocean Extreme model, the large battery format enabled by FM29 is also projected to support an Ultra Long Range (ULR) option with a potential range of more than 350 miles.

Fisker 243
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ExxonMobil to acquire CCS solutions company Denbury for $4.9B

Green Car Congress

Exxon Mobil has entered into a definitive agreement to acquire Denbury Inc., The boards of directors of both companies have unanimously approved the transaction, which is subject to customary regulatory reviews and approvals. an experienced developer of carbon capture, utilization and storage (CCS) solutions and enhanced oil recovery.

Companies 195
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Lightning eMotors delivers first all-electric motorcoach to ABC Companies; order for 200 ZEVs

Green Car Congress

Lightning eMotors, a leading provider of commercial electric vehicles for fleets, announced a $45-million order for its zero-emission powertrain systems from Faribault, Minnesota-based motorcoach supplier ABC Companies. —Roman Cornell, president and chief commercial officer of ABC Companies.

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Mullen Technologies receives letter of intent for purchase order of 1,500 MX-05 EVs

Green Car Congress

an emerging EV manufacturer, has executed a non-binding Letter of Intent with Unlimited Electrical Contractors Corp (UEC) to enter definitive agreements for the purchase of up to 10,000 MX-05 electric vehicles. The five passenger MX-05 electric SUV features a range of 325 miles with a 0 to 60 mph time of 3.2 Mullen Technologies Inc.,

Purchase 488
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Toyota and CARMERA team up to build high definition maps for automated vehicles using camera data

Green Car Congress

are conducting a joint proof-of-concept project to develop camera-based automation of high definition (HD) maps for urban and surface roads. In this proof of concept, the two companies will place cameras in Toyota test vehicles to collect data over several months from areas of downtown Tokyo. (TRI-AD) and CARMERA , Inc.

Toyota 191
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Tesla Full Self-Driving (FSD) Beta program surpasses 150 million cumulative miles

Teslarati

Tesla’s Full Self-Driving (FSD) Beta program has reached a significant milestone, attaining over 150 million miles driven (and counting) by users since the initiative was launched in October 2020. Musk also stated that Tesla has been making steady purchases of NVIDIA GPUs, even as the company continues working on its Dojo project.

Miles 128
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eVTOL company Vertical Aerospace logs up to 1,000 pre-orders valued at up to $4B

Green Car Congress

Vertical has entered into a definitive agreement for a business combination with Broadstone Acquisition Corp., a special purpose acquisition company (SPAC). The transaction will result in Vertical becoming a publicly-traded company, with a pro forma equity value of approximately $2.2

Companies 220