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Cabot Corporation to open new battery application technology center in Europe

Green Car Congress

Cabot Corporation plans to establish a new technology center in Münster, Germany. Cabot has commercial sales with the top global battery producers and these innovations have further enabled Cabot to build strong partnerships with battery producers.

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XL Fleet going public via merger with SPAC Pivotal Investment Corporation II; expanding fleet portfolio to all-electric solutions

Green Car Congress

XL Fleet and Pivotal Investment Corporation II, a publicly traded special purpose acquisition company (SPAC), have recently entered into a definitive merger agreement. XL has strong demand momentum with a $220-million 12-month sales pipeline and forecasted revenue of more than $21 million in 2020 and $75 million in 2021.

Fleet 448
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Ballard to invest $130M in MEA manufacturing facility and R&D center in Shanghai

Green Car Congress

Ballard Power Systems announced its strategy ‘local for local’ whereby it plans to deepen its global manufacturing footprint in Europe, the United States and China to support global market demand growth through 2030. Current Ballard global manufacturing capacity.

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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.

Motor 334
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Honda targeting annual sales of 70,000 for electric Prologue SUV in 2024

Green Car Congress

Honda announced an initial annual sales target of 70,000 units for the Prologue SUV, Honda’s first new volume battery-electric vehicle (BEV), when it goes on sale in 2024. Honda has urged Congress to ensure that all vehicles made in America are treated equally.

Honda 321
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Toyota to take 10% stake in electric drive maker BluE Nexus; new joint sales structure

Green Car Congress

Since its establishment in April 2019 as a joint venture of Aisin Seiki and DENSO, BluE Nexus has been engaged in the development and sales of electric drive modules for electrified vehicles and in control calibration services for such modules. Toyota will remain the sales contact for fuel cell systems.

Toyota 218
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Navigant Research ranks NVIDIA as top automated vehicle compute platform

Green Car Congress

Navigant ranks companies in this report on 10 criteria: vision; go-to market strategy; partners; production strategy; technology; sales, marketing, and distribution; product capability; product quality and reliability; product portfolio; and staying power. Automated Vehicle Compute Platforms Leaderboard. Navigant Leaderboard.

Vehicles 405