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Honda secures auto industry’s largest renewable energy purchase; 60% reduction in CO2 from N.A. manufacturing operations

Green Car Congress

Seeking to slash CO 2 emissions from its North American manufacturing operations, Honda has entered into long-term virtual power purchase agreements (VPPAs) for renewable wind and solar power that will cover more than 60% of the electricity that Honda uses in North America. will deliver to the grid by the end of 2020.

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Li-ion manufacturer Valence Technology exits Chapter 11 as private company

Green Car Congress

The US Bankruptcy Court for the Western District of Texas approved Valence’s exit from Chapter 11 on 13 November. Valence Technology develops and manufactures safe, long-life modular lithium iron magnesium phosphate energy storage solutions. Applications range from commercial electric vehicles to industrial and marine equipment.

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Cabot to invest $200M over next 5 years in US conductive carbon additives capacity for Li-ion batteries

Green Car Congress

Cabot Corporation plans to add conductive carbon additives (CCA) capacity in the United States to enhance its position in the market and support the transition to electric vehicles (EVs). Growth potential in the US is expected to outpace global growth as penetration of EVs accelerates in the coming years.

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Tesla’s corporate family rating upgraded to Ba1 by Moody’s Investors Services

Teslarati

Tesla’s corporate family rating has been upgraded two levels from Ba3 to Ba1 by Moody’s Investors Services, citing a positive outlook that the automaker will maintain its position as the leading manufacturer of EVs. The expansion of its products and consumer base could increase deliveries to an anticipated 1.4

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Celanese expands UHMW-PE production to meet EV battery demand

Green Car Congress

Celanese Corporation, a global chemical and specialty materials company, added a new GUR ultra-high molecular weight polyethylene (UHMW-PE) production line at its Bishop, Texas manufacturing facility to support the significant growth in its high-value GUR engineered materials portfolio. —Tom Kelly.

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Honda targeting annual sales of 70,000 for electric Prologue SUV in 2024

Green Car Congress

Honda’s initial approach to selling the Prologue will be regional, focusing on California and the ZEV states, including the BEV-friendly sunbelt states of Texas and Florida. Honda has urged Congress to ensure that all vehicles made in America are treated equally.

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LA-based SMLC to lead new DOE Smart Manufacturing Innovation Institute; ~$800M for 5 new hub competitions

Green Car Congress

At an event in Washington, President Obama announced that the Smart Manufacturing Leadership Coalition (SMLC) will lead the new Smart Manufacturing Innovation Institute, in partnership with the Department of Energy. The Smart Manufacturing Innovation Institute is the ninth manufacturing hub awarded by the Obama Administration.