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Capgemini and Audi launch XL2 joint venture to support digital transformation of auto industry

Green Car Congress

XL2 was founded by Audi and Capgemini to support the automotive industry in digital transformation tasks. The joint venture that focuses on consulting and technology services for cloud and SAP S/4HANA includes industry solutions such as SAP Leonardo. XL2 is designed to enable end-to-end digital manufacturing, covering all central.

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Euro Manganese enters offtake term sheet with battery-maker Verkor

Green Car Congress

Euro Manganese has entered into an offtake term sheet with Verkor , a low-carbon battery manufacturer based in Grenoble, France, for the sale of high-purity manganese sulfate monohydrate (HPMSM) from the company’s Chvaletice Manganese Project in the Czech Republic. Earlier post.) The term sheet is non-binding.

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Senators Sanders, Boxer propose legislation to institute GHG price on large stationary sources and remove support for fossil fuel industries

Green Car Congress

The legislation also proposes numerous actions against financing and support for fossil fuel industries. Among the financing provisions of the legislation are: Price on carbon. Bernie Sanders (I-Vt.) and Barbara Boxer (D-Calif.) The legislation would enact a fee of $20 per ton or carbon or methane equivalent, rising at 5.6%

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Li-Cycle receives conditional commitment for $375M loan from DOE ATVM program

Green Car Congress

and the US Department of Energy (DOE) Loan Programs Office (LPO), through its Advanced Technology Vehicles Manufacturing (ATVM) program, have entered into a conditional commitment for a $375-million loan. Li-Cycle Holdings Corp. The company continues to scale its Spoke & Hub network to enable up to an overall 95% recycling efficiency rate.

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DOE issues RFI on renewable fuel scale-up and demonstration

Green Car Congress

The RFI also seeks input on how existing first-generation ethanol and other existing industries could be leveraged to provide low-cost feedstock and infrastructure for biofuels production, including information on practices that can reduce the carbon intensity of corn production.

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EV maker CODA files for Chap. 11 bankruptcy; restructuring business around energy storage

Green Car Congress

Struggling electric vehicle manufacturer CODA Holdings, Inc. CODA Energy designs and builds scalable, custom energy storage solutions optimized for generation, distribution and behind-the-meter applications for commercial, residential and industrial end users. Sidley Austin LLP is serving as FCO MA CODA Holdings LLC’s legal advisor.

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Stellantis extends preventive recall to other models over airbag worries – ET Auto

Baua Electric

At the beginning of May, the group created by the merger between PSA and FCA launched a vast “stop drive” recall campaign for Takata airbags affecting 500,000 Citroen C3 and DS3 vehicles manufactured between 2009 and 2019 and located in 24 different countries in Southern Europe, Africa and the Middle East.

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