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Ford, Ford Credit introduce sustainable financing framework prioritizing EV, clean production, community investments

Green Car Congress

Ford Motor Company and its financing subsidiary, Ford Motor Credit Company, introduced the North America auto industry’s first sustainable financing framework, focusing on and paying for ambitious plans in vehicle electrification and other environmental and social areas. Vigeo Eiris, an arm of Moody’s Corp.,

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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.

Motor 321
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Tata Motors launches $10,000 electric hatch; deliveries of Tiago.ev start in January

Green Car Congress

Tata Motors, India’s leading automobile manufacturer, launched the newest member of its EV family this past week: the Tiago.ev. Equipped with a permanent magnet synchronous motor, Tiago.ev Equipped with a permanent magnet synchronous motor, Tiago.ev —Shailesh Chandra, Managing Director, Tata Motors Passenger Vehicles Ltd.,

Motor 435
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McMaster switched reluctance motor spinout Enedym closes $15M funding round

Green Car Congress

Enedym, a switched reluctance motor (SRM) spinout from McMaster University, closed a $15-million financing round from an international group of strategic investors within the US, Canada, Europe, and India, including P&A Paletta Giving Inc., Enedym Switched Reluctance Motors (SRMs) remove the need for these costly magnets.

Motor 321
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German EV Motor Could Break Supply-Chain Deadlock

Cars That Think

Among the countless challenges of decarbonizing transportation, one of the most compelling involves electric motors. It’s a huge challenge currently preoccupying some of the best machine designers on the planet. Most EVs have rare-earth-magnet-based motors ranging from 150 to 300 kilowatts, and power densities between 1.1

Motor 144
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€33.7M AgiloDrive2 project for electric motor production launches

Green Car Congress

The aim of the three-year project is to develop an agile and digitalized production system complete with modular product concept for innovative electric motors. —Thomas Pfund, President of the E-Motors Business Unit at Schaeffler. The AgiloDrive2 research project, with a three-year duration and total finance package of €33.7

Motor 243
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XPeng enters into cooperation agreement for new smart EV manufacturing base in Guangzhou; $586M in financing

Green Car Congress

Chinese EV contender XPeng announced that its wholly owned subsidiary in China, Guangdong Xiaopeng Motors Technology Co., billion (US$191 million) to construct the smart EV manufacturing base according to design requirements and specifications to be provided by Guangdong Xiaopeng.

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