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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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CARB and truck and engine manufacturers announce partnership to meet climate and emission reduction goals

Green Car Congress

Daimler Truck North America; Ford Motor Company; General Motors Company; Hino Motors Limited, Inc.; In turn, CARB has agreed to work collaboratively with manufacturers to provide reasonable lead time to meet CARB’s requirements and before imposing new regulations and to support the development of necessary ZEV infrastructure.

Emissions 305
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Volvo Cars inaugurates new battery assembly line at Ghent manufacturing plant

Green Car Congress

Volvo Cars formally inaugurated a new battery assembly line at its Belgian manufacturing plant in Ghent, where it will start building its first fully electric car, the XC40 Recharge P8, later this year. The Ghent plant will provide important learnings to other manufacturing sites in terms of process optimisation and efficiency.

Volvo 530
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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. 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. Infrastructure Service Co.

Companies 321
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Volvo Cars building €1.2B EV manufacturing plant in Slovakia; third in Europe

Green Car Congress

Volvo Cars will build a third manufacturing plant in Europe, positioning the company well to meet the continued demand from its customers for electric cars and capture future growth potential. Volvo Cars has an ambition to move towards annual sales of 1.2 The new facility represents an investment of around €1.2

Slovakia 273
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Bosch to manufacture S3 fuel cell stacks for PowerCell

Green Car Congress

PowerCell has signed an agreement with Robert Bosch GmbH to manufacture the S3 fuel cell stack for PowerCell. In 2022, PowerCell signed significant agreements for fuel cell stacks and systems, including series deliveries to ZeroAvia, which manufactures emission-free aircraft. PowerCell and Bosch have a long-standing collaboration.

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Lightning eMotors reports $4.6M of revenue in Q1 2021 from sales of 31 commercial electric vehicles

Green Car Congress

and sales of 31 zero-emission commercial vehicles, across five specialty vehicle applications for its wholly-owned subsidiary Lightning Systems. Q1 2021 Highlights: Despite supply chain headwinds, Lightning Systems reported Q1 sales of 31 purpose-built, commercial electric vehicles. The company incurred a loss from operations of $5.3