article thumbnail

BNEF: EV company fundings bright spot as clean energy investment slips in Q3 quarter; 3 China EV companies raise $1.9B

Green Car Congress

There was a $1-billion initial public offering by NIO, a $585-million Series C venture capital round by Guangzhou Xiaopeng Motors and a $294-million pre-IPO round by Zhejiang Dianka Automobile. billion, the Enel Green Power South Africa portfolio, at $1.4 South Africa at $2.6 billion, up 9% on a year earlier.

Clean 259
article thumbnail

Mitsubishi wants to launch Australia’s cheapest electric car, but there’s a very expensive reason it might not

EV Central

Mitsubishi Motors Australia CEO Shaun Westcott told automotive media last week at a preview of the new-generation diesel-powered Triton ute that renewable power generation, such as solar, was critical to EVs making sense. We tend as a motor industry to focus on the charging infrastructure, but we need bigger solutions. “We

article thumbnail

GM Ventures portfolio company SDCmaterials secures 1st supply agreement for cost-saving advanced catalyst products for autos

Green Car Congress

SDCmaterials, a developer of advanced catalyst products based on a novel materials fabrication and integration platform, announced a partnership and formalized a supply agreement with Car Sound, a leading manufacturer of catalysts and catalytic converters for the automotive aftermarket.

GM 150
article thumbnail

GM to double models with 40 mpg highway or better by 2017; ongoing manufacturing efficiency improvements

Green Car Congress

Describing its product goals and tracking progress toward its 2020 manufacturing priorities in its 2012 Sustainability Report , General Motors reaffirmed its commitment to further reduce the energy used and the environmental impacts of building and operating an automobile. The 2020 target was raised from 0.70 to reflect this change.

GM 275
article thumbnail

EV Charging: A Look at the International Landscape

EV Connect

In addition to directing the Environmental Protection Agency and the Department of Transportation to tighten fuel efficiency standards, President Biden has made supporting electric vehicles a top priority, expanding consumer tax credits for EV purchases and mandating that the entire federal fleet of vehicles be converted to electric.

article thumbnail

Tata Takes On Air

Plug In Partners

The Air Car , developed by ex-Formula One engineer Guy Nègre, will be built by India's largest automaker, Tata Motors. It just doesn't have an electric motor. Nègre has signed deals to bring its design to 12 more countries, including Germany, Israel and South Africa. So, in a sense, this is an electric car.