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Electric pickup startup Lordstown Motors goes public via SPAC; $1.6B transaction

Green Car Congress

Lordstown Motors Corporation, a startup developing an all-electric pickup truck serving the commercial fleet market, merged with DiamondPeak Holdings Corporation, a special purpose acquisition company (SPAC). billion transaction provides Lordstown Motors with $675 million of gross proceeds.

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Hyundai Motor expands partnership with US Government to support further exploration of hydrogen fuel cell technologies

Green Car Congress

Hyundai Motor Company is expanding its partnership with the US Department of Energy (DOE) and its support of the DOE Hydrogen and Fuel Cells Program. Euisun Chung, Executive Vice Chairman of Hyundai Motor Group and Under Secretary of Energy Mark W. Kia Motors Corp. and parts-maker Hyundai Mobis Co.—announced

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Lordstown Motors closes assets sale to Foxconn; JV agreement for MIH-based EV development

Green Car Congress

Lordstown Motors, an OEM of electric light-duty trucks focused on the commercial fleet market, has closed the sale of its Lordstown facility and signed a contract manufacturing agreement and joint venture agreement for product development with affiliates of Hon Hai Technology Group (Foxconn). and Irvine, Calif.

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BMW deploying iX5 Hydrogen pilot fleet

Green Car Congress

After four years of development work, the BMW iX5 Hydrogen vehicle and its development project are entering its next phase as the first vehicles enter a pilot fleet of less than 100 vehicles. The fleet is being deployed internationally for demonstration and trial purposes.

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Mitsubishi Motors targeting 50% electrified sales by 2030, 100% by 2035

Green Car Congress

Mitsubishi Motors Corporation (MMC) unveiled its next Mid-Term Business Plan (MTP). Additionally, MMC will move to make 50% of global sales an EV by 2030, and then 100% of the fleet electrified by 2035 (“EV” specifically refers to a blend of plug-in hybrids (PHEV), hybrids (HEV) and pure electrics (BEV)).

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Tata Motors supplies 100 electric buses to Assam State Transport Corporation | Autocar Professional

Baua Electric

Tata Motors, India’s largest commercial vehicle manufacturer, has supplied 100 electric buses to Assam State Transport Corporation (ASTC). To date, Tata Motors has supplied over 1,500 electric buses across multiple cities in India, which have cumulatively clocked more than 10 crore kilometres, with an uptime of over 95%.

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Hyundai Motor to establish hydrogen refueling station for fuel cell electric buses at Incheon Airport with partners, provide buses

Green Car Congress

Hyundai Motor Company is partnering with Incheon International Airport Corporation (IIAC), Air Liquide Korea and Hydrogen Energy Network (HyNet) to establish a hydrogen refueling station for fuel cell electric buses at Incheon Airport’s Terminal 2 by March 2021. Hyundai fuel cell bus.

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