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Bright Automotive Applies for $35M in Stimulus Package Grants to Accelerate Production of PHEV

Green Car Congress

Bright Automotive has applied for approximately $18 million through the Electric Drive Vehicle Battery and Component Manufacturing Initiative (FOA DE-FOA-0000026) to create a technical center for the design, development and validation of advanced batteries for the Bright Automotive IDEA PHEV, and establish a battery pack manufacturing facility capable (..)

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IHS Markit: better-than-expected growth in global automotive semiconductor revenue in 2020; bolstered by uptake in EVs

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Two factors are driving the recovery, notably low automotive inventory that will result in new car growth next year, combined with stimulus packages designed to benefit the ailing car sector while favoring the switch to electric and hybrid cars, which are typically more expensive than equivalent internal combustion-driven models.

2020 170
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EnerDel To Deploy AeroVironment Advanced Electric Vehicle Power Cycling and Test Systems at Indiana Facility

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Automotive lithium-ion battery maker EnerDel will be using a portion of its recent federal stimulus grant to purchase eight AeroVironment (AV) advanced electric vehicle power cycling and test systems. In August EnerDel was awarded a $118.5

Indiana 186
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California High Speed Rail Authority Votes to Include $4.5B for High-Speed Train Projects In State Federal Stimulus Funding Application

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billion in federal stimulus funding for engineering, design and construction on the state’s high-speed train system (earlier post) —generating an investment of $9.1 The California High-Speed Rail Authority Board unanimously approved an application for more than $4.5 billion when state matching funds are added.

Stimulus 210
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mPhase to Pursue Funding From Stimulus Plan’s $2B for Advanced Automotive Battery Technology

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says it will pursue funding opportunities arising from the $2 billion allocated for advanced battery technology in the new economic stimulus package. mPhase is developing a “smart” reserve battery, the Smart NanoBattery, which is a primary battery typically designed for a special purpose such as emergency or military use.

Stimulus 150
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Report from the REFF-Wall Street; Themes in Renewable Energy Finance

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The stimulus package is designed to address the recession and in the short term people were anxiously awaiting two key components of the plan: clarification on the details behind “ grants in lieu of tax credits ” and awards of loan guarantees by the DOE from section 1705. Billion vs. $28.3 Billion in 2008). Five months ago.

Financing 150
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First fleet of 100 Mercedes-Benz Vito E-Cell electric vans covers 650,000 km in customer use; more model variants planned

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The areas of application are diverse: courier, express and package service providers (KEP, in German: Kurier-, Express- und Paketdienstleister); plant transportation in large corporations; service vehicles for plant maintenance, customer service, and assembly and internal transport within companies. Technical design of the Vito E-CELL.

Mercedes 231