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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.,
completed a financing for C$5 million (US$4.96 note in the aggregate principal amount of C$5 million and 500,000 common share purchase warrants. Each share purchase warrant is convertible into one common share of the corporation. Each share purchase warrant is convertible into one common share of the corporation.
Workhorse Group has received a purchase order for 6,320 C-Series all-electric delivery vehicles from Pride Group Enterprises, a company with businesses in transportation equipment retail, wholesale, rental, leasing and logistics. Inventory financing for that deal is also being provided by Hitachi Capital America. 75 MPH (Limited).
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 per annum for construction-period financing and 8.0%
million in Series C financing. The Series C financing follows a $19-million Series B round in 2009 and brings the total raised by Achates Power to nearly $90 million since its 2004 founding. overseeing all powertrain technologies, as well as the 2014 Society of Automotive Engineers (SAE International) presidential nominee.
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).
Koenigsegg Group AB has terminated the agreement for its proposed purchase of GM’s Saab. We’re obviously very disappointed with the decision to pull out of the Saab purchase. GM and Koenigsegg had signed a stock purchase agreement regarding the sale of 100% of the shares of Saab Automobile AB in August. Earlier post.)
Volta, a builder of commerce-centric electric vehicle (EV) charging networks, announced an oversubscribed Series D financing of $125 million. Goldman Sachs acted as exclusive placement agent to the company in connection with the financing. It will also allow Volta to begin its international expansion.
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.
Darling International and a subsidiary of Valero Energy Corporation are taking initial steps towards the formation of a joint venture to build a facility capable of producing more than 10,000 barrels/day or (135 million gallons per year) of renewable diesel on a site adjacent to Valero’s St. Darling International Inc. Earlier post.)
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.
The joint venture is equally owned by the two partners and is chaired by David Holderbach, with more than 20 years of experience in strategic, product and international sales at the Renault Group. A range of financing options and maintenance services will also be offered. Earlier post.) HYVIA is located in France at four locations.
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. —Andrew Burnham, an environmental scientist at Argonne, creator of AFLEET, and co-author.
Octillion Power Systems, a global provider of advanced lithium-ion storage systems for electric mobility ( earlier post ), announced a new demonstrator program for battery-leasing that allows batteries to be leased to fleet customers when they purchase vehicles. Access to the program will be on a first-come, first-served basis.
Ending what had extended into a longer-than-expected process of deliberation and negotiations, the Board of General Motors announced its support for a bid from the consortium of Magna International Inc. Under the deal, Magna/Sberbank will purchase a 55% stake in New Opel; GM will hold a 35% stake and employees will be provided a 10% stake.
a US-based, international developer of lithium iron magnesium phosphate batteries, entered into a common stock purchase agreement with Seaside 88, L.P., Under the terms of the agreement, Seaside has committed to purchase up to 16.9 Under the terms of the agreement, Seaside has committed to purchase up to 16.9
to finance the development and production of low-carbon fuels and energy transition metals. TMC and LCR have agreed to a purchase and sale agreementwhereby LCR has acquired a 2.0% Deepsea mining company TMC The Metals Company ( earlier post ) announced a strategic partnership with Low Carbon Royalties Inc.
Based on an analysis of various cost of ownership scenarios for various drivetrains, including internal combustion engine (ICE) gasoline and diesel; hybrid (HEV); battery-electric (EV); plug-in hybrid electric (PHEV); and fuel cell vehicles, Lux Research concludes that fuel cell vehicles (FCVs) are “ solidly in a laggard position. ”.
The Pro joins E-Transit in the lineup of Ford work-ready electric vehicles, backed by a nationwide network offering EV-certified fleet sales, service and financing. —Ted Cannis, general manager, Ford North America commercial business. Front and center is the first-ever Mega Power Frunk on an F-Series pickup.
This is a landmark step in revitalizing our aging fleet and replacing expensive internal combustion engine vehicles with cutting-edge EV technology, all while reducing our dependence on oil and saving Indianapolis taxpayers thousands in fuel costs each year.
The program commits city departments to the leasing of pure battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs) to replace aging city vehicles, including those with conventional internal combustion engines. The announcement came on the eve of the US-China Climate Leaders Summit to be hosted in L.A.
China has made progress with automotive energy-saving technologies over the past 10 years through implementing passenger car fuel consumption limits and the use of fiscal policy to encourage the purchase of small cars, the government statement noted. International cooperation.
Searle oversaw an internalpurchasing probe during his final days at the company before leaving. Bloomberg , citing three people familiar with the matter, said Searle was relieved by Dinna Eskin, a Deputy General Counsel at Tesla, less than a month ago after the internalpurchasing scandal took place.
BioAmber Inc, an industrial biotechnology company producing sustainable chemicals, has signed a take-or-pay contract for bio-based 1,4-Butanediol ("BDO") with Vinmar International. To date, BioAmber has validated the high quality of its bio-based BDO with more than 20 purchasers of petroleum BDO.
Novamont, a leading producer of biodegradable bioplastics, will consume the BDO for its own internal use to meet the increasing demand for its biopolymer products that incorporate BDO as a key monomer. Under the agreement, Novamont is converting an existing facility in Adria, Italy to use Genomatica’s BDO process.
The label provides consumers with a tool to compare alternative-fuel vehicles to those with a traditional internal combustion engine and allows them to make an informed purchase decision. —Scott Becker, senior vice president, Finance and Administration, Nissan Americas.
American also will benefit from approximately $13 billion of committed financing from the manufacturers through lease transactions that will help maximize balance sheet flexibility and reduce risk. The financing fully covers the first 230 deliveries. The new aircraft are approximately 15% more fuel efficient than today’s models.
billion have already been financed by the shareholders. The project also requires the construction of transport infrastructure including a sea-port facility and an international airport located at Sabetta (north-east of the Yamal Peninsula). Overall capital expenditures of the Arctic Yamal project are now estimated at $26.9
In June 2018, the Stuttgart-based sports car manufacturer purchased a 10% stake in Rimac. —Lutz Meschke, Deputy Chairman of the Executive Board at Porsche AG and Member of the Executive Board responsible for Finance and IT. Porsche has increased its stake in technology and sports car company Rimac Automobili to 15.5%.
Looking at the third-quarter global investment figures by type, asset finance of utility-scale renewable energy projects came to $49.3 billion, down 15% on 3Q 2017, while the purchase of small-scale solar systems of less than 1MW totaled $13.5 But the market looks increasingly crowded and consolidation is likely. billion for 300MW.
Since then, Sarah was successful in answering most frequently asked customer questions during an internal pilot at one of the company’s call centers in the US. Emotional intelligence will play a crucial role in adapting services, such as car financing, leasing and insurance, car-sharing or ride-hailing to customers.
BAIC) to explore growth opportunities in the Chinese and international markets for the products of SAAB Automobile and BAIC. We have a solid business plan, an important partnership and we are now in a position to go ahead without any governmental financing. Koenigsegg Group will own 100% of SAAB Automobile AB.
With the recent approval of the Committee on Foreign Investment in the United States (CFIUS), Eesti Energia (internationally known as Enefit) of Estonia has purchased a 100% interest in Oil Shale Exploration Company ( OSEC ) of Alabama, which has significant oil shale interests in Utah. Enefit has control over 3.1
The global maritime transport industry has submitted a proposal to the UN IMO to form the world’s first collaborative shipping R&D program to help eliminate CO 2 emissions from international shipping. Cruise Lines International Association. International Chamber Of Shipping. International Parcel Tankers Association.
It is estimated that the study will be completed in the fourth quarter of 2009, following which Denbury will evaluate external market conditions, the state of financing and construction of the proposed gasification projects, and make a decision as to whether or not they will take initial steps to build such a pipeline.
The study cautions, however, that the availability of financing, total cost of ownership and the unfolding events in Japan will impact vehicle sales in both markets. The sharp rise in gasoline prices over the past year, along with the weakened US dollar, will continue to have an impact on consumer purchasing decisions.
The company, which is backed by Google’s parent company Alphabet, will run the program from February 4 through April 1, offering convenient routes to and from the Los Angeles International Airport (LAX). Waymo valued at over $45 billion following latest financing round: report Need accessories for your Tesla?
ExxonMobil has signed an agreement with Global Clean Energy Holdings to purchase 2.5 Following scheduled production startup in 2022, ExxonMobil plans to distribute the renewable diesel within California and potentially to other domestic and international markets. As background, globally, in 2019, ExxonMobil sold some 1.9
entered into a binding renewable hydrocarbons purchase and sale agreement with Trafigura Trading LLC, a wholly-owned subsidiary of Trafigura Group Pte Ltd. The agreement will also enable Trafigura to supply SAF to both US and international customers whose interest is growing in low-carbon jet fuel.
The agreement replaces the existing agreement signed with Delta in 2019 to purchase 10 million gallons per year and bolsters Delta’s commitment to incorporating SAF into its operations. billion of revenue, inclusive of the value from environmental benefits, for Gevo over the seven-year term of the agreement. oneworld Alliance.
Beginning 2012, all airlines will be included in the European Union’s Emissions Trading Scheme, requiring them to reduce their CO 2 emissions or purchase additional carbon allowances. Separately, the International Air Transport Association has voluntarily agreed to a 50% emission cut of 2005 levels, by 2050.
Stressed the need to focus on research excellence in order to ensure that alternative powertrains receive targeted research financing, including innovative energy storage and conversion technologies, such as batteries, fuel cells and the necessary respective infrastructure.
On a purchasing power parity basis, GDP per capita in Asia would rise to $38,600, compared with the projected 2050 global average of $36,600. On a purchasing power parity basis, GDP per capita would rise to only $20,300, or just over half of that under the Asian Century scenario. —Asia 2050.
Battery swapping gives way to battery financing. Coasting technology pushes internal combustion engine vehicles closer to hybrids. This has resulted in increasing interest in manufacturing and purchasing natural gas trucks, which will deter interest in purchasing plug-in electric trucks or in manufacturers launching new models in 2013.
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