Green Car Congress

DECEMBER 12, 2020

Hyundai Motor Group will acquire a controlling interest in the mobile robot firm Boston Dynamics from Softbank in a deal that values Boston Dynamics at $1.1 billion. The deal came as Hyundai Motor Group envisions the transformation of human life by combining world-leading robotics technologies with its mobility expertise. Financial terms were not disclosed.

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Green Car Reports

DECEMBER 12, 2020

Which battery startup hinted that its technology might be close to production-ready? Which automaker’s CEO suggested that a timeline for a gasoline-vehicle ban might be better than a credit system? This is our look back at the Week In Reverse—right here at Green Car Reports—for the week ending December 11, 2020. This week we.

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Aptera Solar Green Cars Gasoline 130

Green Car Congress

DECEMBER 12, 2020

XL Fleet announced that Essential Utilities, Inc. one of the largest publicly traded water, wastewater and natural gas providers in the US, serving approximately 5 million people across 10 states under the Aqua and Peoples brands, is launching a pilot program to electrify its two most popular commercial GM vehicle platforms with the XLH hybrid electric drive system.

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Fleet GMC Sierra Silverado 456

Green Car Congress

DECEMBER 12, 2020

Australian mining company IGO will acquire a 24.99% stake in the Greenbushes hard-rock lithium mine and a 49% share of the Kwinana lithium hydroxide plant—both in Western Australia—from China-based Tianqi Lithium for US$1.4 billion. The deal will be funded through a combination of debt, IGO’s existing cash position (which totaled US$366 million at end-September 2020) and an equity raising, with completion targeted for Q2 2021.

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Green Car Congress

DECEMBER 12, 2020

The European Commission is proposing modernizing EU legislation on batteries; this would be the first initiative delivered among the actions announced in the new Circular Economy Action Plan. Batteries that are more sustainable throughout their life cycle are key for the goals of the European Green Deal and contribute to the zero pollution ambition set in it.

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Batteries Battery 2006 Green 359