article thumbnail

H2X Global secures US$57M from Verde Mobility to deliver on US$300M in fuel cell vehicle orders

Green Car Congress

Australia-based hydrogen fuel cell vehicle company H2X Global recently secured a US$57-million deal with US-based firm, Verde Mobility Inc., The funds will also support H2X Global’s planned listing on the London Stock Exchange. to fastrack H2X’s delivery of 800 hydrogen-powered vehicles.

Global 195
article thumbnail

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

Green Car Congress

Patel Professor of Economics and Government at the London School of Economics and Political Science (LSE), with a team from the LSE. The independent report, published today, on “ G7 leadership for sustainable, resilient and inclusive economic recovery and growth ” was led by Professor Lord Nicholas Stern, I.G. The report says that $1.5-1.7

Global 170
article thumbnail

Geely raises $400M via Green Bonds sale to develop and produce TX5 range-extended electric London taxis

Green Car Congress

China’s Zhejiang Geely Holding Group (ZGH) has raised $400 million through the first Green Bond sale on the offshore market from a Chinese automobile company to support the design, development and production of range-extended electric vehicles by its UK subsidiary, the LondonTaxi Company (LTC), manufacturer of the iconic London Black Cab.

London 170
article thumbnail

Tesla up 19 spots in 2023 World’s Top 25 Most Valuable Brands rankings

Teslarati

As per the results of Brand Finance’s 2023 World’s Most Valuable Brands rankings , however, such sentiments may not exactly be accurate. . billion) sold the most electric cars globally in 2022, which contributed to its status as one of the ranking’s fastest growing brands. at time of publication. .

Financing 124
article thumbnail

Baker Institute report: China has positioned itself as a gatekeeper to the energy transition; nickel case study

Green Car Congress

The global push to convert the world to electric vehicles will cause supply chain complexities that could undermine the alternative energy transition in the United States, according to a new report from Rice University’s Baker Institute for Public Policy. Global Nickel Trade and Chinese Dominance.

China 416
article thumbnail

UK accelerates end of sale of new gasoline and diesel cars to 2030, hybrids to 2035

Green Car Congress

Innovation and finance: Developing the technologies needed to reach these new energy ambitions and make the City of London the global center of green finance. Nature: Protecting and restoring the natural environment, planting 30,000 hectares of trees every year.

Gasoline 304
article thumbnail

Volkswagen, Stellantis and Glencore backing ACG in $1B purchase of Brazilian nickel sulfide and copper mines

Green Car Congress

Volkswagen, Stellantis and Glencore are supporting the purchase of the Atlantic Nickel nickel sulfide and the Mineraçao Vale Verde copper mine in Brazil by ACG , a London-listed special purpose acquisition company (SPAC), for US$ 1 billion. They have a combined 2022 Adjusted EBITDA of $260 million. lb nickel for open pit; c.

Purchase 195