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National Electric Vehicle Sweden halts production while it sorts out financing

Green Car Congress

National Electric Vehicle Sweden (NEVS), the company resurrecting the Saab brand ( earlier post ), has halted production of its vehicles (currently at 6 units per day) while it sorts through financing issues and aligns its strategy with new OEM partners. NEVS also cut back on its hired consultants.

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Northvolt Secures $5 Billion in Financing For Circular Battery Factory

CleanTechnica EVs

Northvolt has closed on a $5 billion green loan package that will help it expand production at its Ett factory in northern Sweden. The post Northvolt Secures $5 Billion in Financing For Circular Battery Factory appeared first on CleanTechnica.

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Talga successfully completes A$40M institutional placement; funds for anode project

Green Car Congress

Battery and advanced materials company Talga Group ( earlier post ), with 100% owned graphite resources in Sweden, has received firm commitments for a placement of new fully paid ordinary Talga shares to raise A$40 million (US$27.3 BurnVoir Corporate Finance acted as financial adviser to the company. million) before costs.

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Northvolt & Mälarenergi partner to deploy battery energy storage for EV charging

Green Car Congress

Northvolt and Mälarenergi are partnering to establish a battery energy storage system at an electric vehicle charging station in Västerås, Sweden. The Rocklunda project is supported by financing from the Swedish Energy Agency (Energimyndigheten). —Emad Zand, President Energy Solutions, Northvolt.

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UCLA, UC Davis host world conference on electric vehicles and cities prior to EVS26

Green Car Congress

The UCLA Luskin Center for Innovation and the UC Davis Plug-In Hybrid and Electric Vehicle Research Center will host the World Electric Vehicle Cities and Ecosystems Conference on 5 May, just prior to EVS 26.

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NEVS presents Saab 9-3 EV prototype

Green Car Congress

National Electric Vehicle Sweden (NEVS), the company working to resurrect the Saab brand, presented the Saab 9-3 Electric Vehicle as designed and produced as part of a prototype series in Trollhättan. NEVS halted production of the conventional Saab 9-3 Aero in May as it struggles to sort out its financing.

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Evergrande NEV warns risks of production halt if it can't get additional liquidity

CN EV Post

Image credit: CnEVPost) Evergrande New Energy Vehicle Group (Evergrande NEV), the electric vehicle unit of China Evergrande Group, is at risk of discontinuing production after struggling to deliver hundreds of vehicles. billion) in future financing and hopes to get them into mass production, the announcement said.