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NIO launches Battery as a Service (BaaS) in China; battery swap system

Green Car Congress

NIO BaaS users can purchase a car without the battery, making EVs more price competitive against existing powertrains, while also providing the flexibility to change battery capacity depending on their needs and pay accordingly. and Guotai Junan International Holdings Ltd., Weineng Wuhan Battery Asset Co.,

China 508
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Tesla launches limited-time 0.99% APR loan rate on U.S. Model Y orders

Teslarati

Tesla has launched its latest buying incentive for the Model Y, this time offering a special, super-low interest rate for those who purchase the SUV by the end of this month. On Friday night, Tesla launched the promotional financing on its website for the Model Y, offering a 0.99 What are your thoughts?

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Global Bioenergies receives 13 LOIs for purchases covering the capacity of its renewable isobutene and derivatives plant

Green Car Congress

Global Bioenergies has received 13 letters of intent from French and international industrial leaders for purchases totaling 49,000 to 64,000 tons of isobutene and derivatives annually. The internal return rate (IRR) is around 18% in our base case scenario, well above average for industrial projects.

Purchase 207
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Germany approves €900M for green hydrogen project H2Global

Green Car Congress

The aim of the project is to advance the international market ramp-up of green hydrogen and to use double-auction procedures for this purpose. Therefore, we are already starting the international ramp-up of the hydrogen economy and building long-term value creation and supply chains through the H2Global instrument.

Germany 382
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Argonne study finds BEVs can have lowest scheduled maintenance costs, but highest cost of driving

Green Car Congress

The study considers five different powertrains (internal combustion engine, hybrid-electric, plug-in hybrid-electric, fuel-cell-electric, and battery-electric) and 12 cost components (purchase cost, depreciation, financing, fuel, insurance, maintenance, repair, taxes, registration fees, tolls and parking, payload capacity and labor).

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NRG invests additional $35M in FuelCell Energy for 6% of company; establishes $40M financing facility

Green Car Congress

FuelCell Energy intends to use the net proceeds from the offering for project development, project finance, working capital support and general corporate purposes. The terms of the equity transaction include a warrant giving NRG the right to purchase an additional 2.0 million shares of common stock at a price $3.35 thereafter.

Financing 244
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DOE labs study on costs and benefits of new transportation technologies the most comprehensive to date

Green Car Congress

The study looked at several powertrains: internal combustion engine, hybrid electric vehicle, plug-in hybrid electric vehicle, fuel cell electric vehicle and battery electric vehicle. Hydrogen-powered fuel cell electric vehicles will reach cost parity with conventional vehicles as the price of hydrogen falls. —David Gohlke.