Remove Financing Remove Manufacturer Remove Market Remove North America
article thumbnail

Volkswagen committing $7.1B to boost product line-up, R&D, manufacturing in North America; targeting 55% BEV sales by 2030

Green Car Congress

billion over the next five years in the North American region (NAR) (Canada, Mexico, United States) to boost its product portfolio, regional R&D and manufacturing capabilities. billion in supplier partnerships throughout the North American continent, including its battery partnership with SK Innovation.

article thumbnail

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

Green Car Congress

Ford Motor Company and its financing subsidiary, Ford Motor Credit Company, introduced the North America auto industry’s first sustainable financing framework, focusing on and paying for ambitious plans in vehicle electrification and other environmental and social areas. Vigeo Eiris, an arm of Moody’s Corp.,

Financing 170
article thumbnail

Iveco Group acquires full control of Nikola Iveco Europe

Green Car Congress

Nikola is granted the IVECO S-Way technology license for North America and related component supply from Iveco Group, and gains joint ownership of the intellectual property of Generation 1 eAxles, technology developed together with Iveco Group’s powertrain brand, FPT Industrial.

Europe 395
article thumbnail

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. The Rochester Hub is intended to be the first commercial hydrometallurgical resource recovery facility in North America.

Li-ion 199
article thumbnail

Graphex and Northern Graphite partner on large-scale graphite processing facility site evaluations in Québec

Green Car Congress

Graphex Technologies LLC, the US subsidiary of Graphex Group Limited, and Northern Graphite Corporation announced that Graphex will participate in Northern’s previously announced selection process for a site suitable for the construction of a large-scale graphite processing facility in Baie-Comeau, approximately 420 km north-east of Québec City.

article thumbnail

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

Green Car Congress

The deal will finance the delivery of H2X Global’s US$300 million in purchase agreements for vehicles that include the Warrego (utility vehicle), Paroo (garbage/deliver/concrete trucks), and Swan (passenger bus). UHL has expansion plans in North America and is looking to open an office in Canada later this year.

Global 195
article thumbnail

California JETSI to deploy 100 battery-electric regional haul and drayage trucks

Green Car Congress

The project, known as Joint Electric Truck Scaling Initiative, or JETSI, is the largest commercial deployment of battery-electric trucks in North America to date. This is the first battery-electric truck project jointly financed by CARB and the CEC, and the largest investment of its kind.