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LSE report calls for global investment of an additional $3T each year to drive economic recovery and transformation

Green Car Congress

It recommends that these should be a central part of the recovery packages of the G7 countries, which together should increase their annual investment by 2% of GDP, or $1 trillion, compared to pre-pandemic levels. The report indicates that “ the G7 will need to assist emerging market and developing countries in tackling their greater debt and finance constraints that have resulted from the pandemic, and embark on programmes of green recovery and transformation ”.

EnerDel Plans to Invest $237M in New Indiana Lithium-Ion Battery Plant

Green Car Congress

The new Indiana plant will give EnerDel the capacity to produce battery packs for approximately 600,000 hybrid electric vehicles, or 60,000 battery-electric cars. EnerDel is referring to the latter as “electric-vehicle equivalents” —about 20-25 kWh.) Worldwide, Enerdel is shooting for capacity for about 120,000 electric vehicles by the end of the five year plan, representing about $2.2B The Indiana plant will be financed through a $118.5


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California Startup Aurica Motors Trying to Keep NUMMI Plant Open for Manufacturing Electric Cars, Battery Swap System

Green Car Congress

Startup electric car company Aurica Motors announced a plan to keep the NUMMI plant, which employs 4,700 people, from shutting down when Toyota leaves on 31 March. Under the proposed plan, the NUMMI plant in Fremont, California would be converted into the manufacturing facility for the Aurica Motors E-Car, an all-electric vehicle, as well as Aurica’s proposed PEP (Power Exchange Package) battery swap system.

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Ford Starts EV Test Drives

Revenge of the Electric Car

For more details, follow the link … Ford Plans to Start Electric-Car Tests in Germany Next Month. will start a two-year test program of electric Focus compact cars and Transit vans in Germany on Jan. Data from the models will be monitored on computers that can simulate testing of more than 10,000 vehicles, he said.&#. Ford Plans to Start Electric-Car Tests in Germany Next Month. The company is already trying out battery-powered vehicles in London, Meier said.

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