article thumbnail

Magna to supply battery enclosures for Silverado EV

Green Car Congress

Magna has secured new business from General Motors (GM) to supply battery enclosures on the all-new 2024 Chevrolet Silverado EV. The company will produce the enclosures at its Magna Electric Vehicle Structures facility in St. Clair to support the fast-growing electric vehicle market ( earlier post ).

Silverado 435
article thumbnail

Toyota to supply fuel cell modules to European truck company Hyliko

Green Car Congress

The ZANZEFF “Shore to Store” project in US, which started back in 2019, recently showed that fuel cell electric trucks can match diesel performance and provide a zero-emissions alternative ready for commercial deployment. Earlier post.)

Toyota 293
article thumbnail

BMW i Ventures co-leads investment in circular supply chain company Cyclic Materials; recycling rare earth elements

Green Car Congress

BMW i Ventures announced an investment in Canada-based Cyclic Materials , a circular supply chain company focused on recycling rare earth elements (REE) ( earlier post ). The financing will be used to establish a hub and spoke network for the company’s commercial scale operations.

BMW 199
article thumbnail

Aemetis signs $3B, 10-year supply agreement for 450M gallons of renewable diesel with industry-leading travel stop company

Green Car Congress

Aemetis, a renewable fuels company focused on negative carbon intensity products ( earlier post ), has signed a 10-year, 450-million-gallon renewable diesel supply agreement with an industry-leading travel stop company, which is expected to generate more than $3 billion in revenue. Combined with $2.1

Renewable 321
article thumbnail

IVECO BUS to supply up to 150 electric buses to Busitalia

Green Car Congress

IVECO BUS, a brand of Iveco Group, signed a three-year framework agreement to supply up to 150 E-WAY full electric city buses to Busitalia, the FS Italiane Group’s bus company that mainly operates local public transport services, directly and through subsidiaries.

Supplies 273
article thumbnail

Mercedes-Benz acquires electric motor technology company YASA

Green Car Congress

Mercedes-Benz has acquired YASA, a pioneer in next-generation electric drive technology. YASA’s axial-flux electric motor. Founded in 2009, YASA’s proprietary axial-flux electric motor is a step-change from the legacy radial electric motor technology. YASA will provide electric motors for Mercedes-Benz’s AMG.EA

Mercedes 459
article thumbnail

Samsung SDI, Hyundai Motor Company Clinch First Supply Deal for EV Batteries

Electric Cars Report

Samsung SDI announced the company has clinched a supply deal for electric vehicle batteries with Hyundai Motor Company for the first time. Samsung SDI said the company will supply prismatic batteries for Hyundai Motor’s electric vehicles targeting the European market for seven years from 2026 through 2032.

Hyundai 104