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PEM electrolyzer company Ohmium closes $45M Series B; quadrupling manufacturing capacity

Green Car Congress

PEM electrolyzer company Ohmium International closed a $45-million Series B financing round. The funds will support Ohmium’s rapid growth plan to quadruple hydrogen manufacturing capacity from 500 MW annually to approximately two GW annually by the end of 2022. Green hydrogen will play a critical role in our clean energy future.

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ADB leads $135M climate financing package for VinFast e-bus fleet and EV charging network in Vietnam

Green Car Congress

The Asian Development Bank (ADB) mobilized a $135-million climate financing package for VinFast Trading and Production Joint Stock Company (VinFast) for manufacturing Vietnam’s first fully-electric public transport bus fleet and first national electric vehicle (EV) charging network.

Vietnam 195
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Nissan launches sustainable finance framework to fund electric vehicle and sustainable technologies

Green Car Congress

Nissan Motor is launching a sustainable finance framework to help fund its next-generation electrified vehicles, batteries, environmental technologies, and new mobility services. The Nissan Sustainable Finance Framework will enable Nissan to raise funds needed to further enhance its sustainability efforts. Management of the Proceeds.

Financing 199
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XPeng enters into cooperation agreement for new smart EV manufacturing base in Guangzhou; $586M in financing

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a wholly owned investment company of Guangzhou Economic and Technological Development Zone. billion (US$191 million) to construct the smart EV manufacturing base according to design requirements and specifications to be provided by Guangdong Xiaopeng. Early in August, Xpeng reported closing a US$900-million C+ financing round.

Financing 170
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T&E: two-thirds of European battery production at risk as companies weigh investing in US instead

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Tesla in Berlin, Northvolt in northern Germany and Italvolt near Turin are among the projects that stand to lose the greatest volumes of their slated capacity as the companies weigh up investing in the US instead. EU battery manufacturing is caught in the crossfire between America and China. Europe must act or risk losing it all.

Companies 430
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Ford, Ford Credit introduce sustainable financing framework prioritizing EV, clean production, community investments

Green Car Congress

Ford Motor Company and its financing subsidiary, Ford Motor Credit Company, introduced the North America auto industry’s first sustainable financing framework, focusing on and paying for ambitious plans in vehicle electrification and other environmental and social areas. Vigeo Eiris, an arm of Moody’s Corp.,

Financing 170
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Sylvatex developing new lower-cost CAM manufacturing process for Li-ion batteries

Green Car Congress

Advanced materials technology company Sylvatex (SVX) announced a new proprietary waterless production method that delivers premium EV-grade cathode active materials (CAM) at lower costs and that allows for a broader material input supply base to enable demand growth. SVX recently closed a Series A funding of $8.4

Li-ion 259