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

Green Car Congress

Objectives include expanding EV technology and charging infrastructure to remove obstacles to adoption and improve the customer experience, and EV and battery manufacturing to reduce emissions. A significant portion of related financing will go toward accelerating Ford’s leadership in electric vehicles.

Financing 170
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Ford to build new EV and battery plants in Tennessee & Kentucky; $11.4B total investment in two mega-sites; 129 GWh/year total

Green Car Congress

Ford Motor Company will build two new massive, environmentally and technologically advanced campuses in Tennessee and Kentucky that will produce the next generation of electric F-Series trucks and the batteries to power future electric Ford and Lincoln vehicles. An all-new $5.6-billion billion mega-campus in Stanton, Tenn. (a

Kentucky 397
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EPA recognizes Volkswagen Chattanooga with a Green Power Leadership Award for on-site generation

Green Car Congress

The Volkswagen Chattanooga Solar Park occupies 33 acres, or half of the 66-acre land parcel adjacent to Volkswagen’s manufacturing plant. The array is the largest system of its kind in the North American automotive industry and in the state of Tennessee. Manufacturing Power Generation Solar Sustainability Vehicle Manufacturers'

EPA 385
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LA-based SMLC to lead new DOE Smart Manufacturing Innovation Institute; ~$800M for 5 new hub competitions

Green Car Congress

At an event in Washington, President Obama announced that the Smart Manufacturing Leadership Coalition (SMLC) will lead the new Smart Manufacturing Innovation Institute, in partnership with the Department of Energy. The Smart Manufacturing Innovation Institute is the ninth manufacturing hub awarded by the Obama Administration.

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DOE announces $139M in funding for 55 projects to advance innovative vehicle technologies

Green Car Congress

Funded through the US Department of Energy’s (DOE’s) Office of Energy Efficiency and Renewable Energy (EERE), projects will conduct research in advanced batteries, electrification, and manufacturing in support of DOE’s Energy Storage Grand Challenge. American Axle & Manufacturing, Inc. University of Tennessee at Chattanooga.

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Tesla co-founder’s battery recycling firm gets a cushy $700M investment round

Teslarati

In an attempt to keep up with the growing market of car manufacturers and other transportation companies transitioning to electrification, Redwood knows that the demand for lithium-ion batteries and other materials crucial to their operation will need to be reused. Don’t hesitate to contact us with tips!

Batteries 144
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Ford to build next electric truck Project T3 at BlueOval City in Tennessee

Green Car Congress

Ford’s BlueOval City EV and battery manufacturing campus in West Tennessee ( earlier post ) begins production in 2025, will be home to Ford’s second-generation electric truck, code-named Project T3, and will be capable of producing 500,000 EV trucks a year at full production. Ford and partner SK On are investing $5.6

Tennessee 273