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A123 Systems 8K filing says substantial doubt about its ability to continue as a going concern; status of grants and incentives

Green Car Congress

million to replace battery modules and packs that may contain defective prismatic cells produced at A123’s Livonia, Michigan manufacturing facility. million related to inventory produced at its Michigan facilities that may be defective. State of Michigan Center of Energy and Excellence Grant. Earlier post.).

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LG Chem to Build $ 303M Li-ion Plant in Holland, MI

Green Car Congress

will build its new $303 million lithium-ion battery manufacturing facility in Holland, Michigan. Scheduled for groundbreaking this summer, the 650,000 square-foot facility will be financed in part from a $151.4 Michigan Governor Jennifer M. LG Chem Ltd. Initially, the plant will make cells for the Chevrolet Volt.

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Farley: Chinese language automakers turning into EV ‘powerhouse’

Baua Electric

. “We see the Chinese as the main competitor, not GM or Toyota,” Farley stated Thursday on the Morgan Stanley Sustainable Finance Zenith. ” China, the sector’s greatest auto marketplace, has one of the crucial perfect battery era and dominates EV manufacturing, Farley stated. Marco Rubio, R-Fla., for the plan.

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Rivian introduces two quad-motor, AWD “Electric Adventure Vehicles”

Green Car Congress

Rivian, an electric vehicle manufacturer, unveiled two “Electric Adventure Vehicles”—the R1T, an all-electric pickup and the R1S, an all-electric SUV—at events surrounding the LA Auto Show this week. Both vehicles will be produced at Rivian's manufacturing facility in Normal IL. Deliveries begin in late 2020.

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Perspective: Drive Star Conversion Program Could Cut US Oil Use in Half by 2020

Green Car Congress

Retrofitters can partner with energy service companies to finance those costs, backed by federal loan guarantees. Right now, buyers of new plug-in cars get up to $7,500 in tax credits. When they’re mass-produced, conversions will cost under $10-$15,000. That’s a lot for anyone with an old car to pay up front.

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Cadillac’s ambitious move to an all-electric luxury brand by 2030

Charged EVs

Among cutting-edge automotive buyers—the glitterati of Los Angeles, the tech millionaires of Silicon Valley, the finance titans of Wall Street—only one Cadillac is widely recognized. billion to build those plants, it said in July, under its Advanced Technology Vehicle Manufacturing (ATVM) low-interest loan program.

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U.S. Senate Panel looks to boost EV Tax Credit to $12,500: What we know so far

Teslarati

The United States Senate Finance Committee is looking to boost the possible Electric Vehicle Tax Credit to $12,500 for manufacturers that have assembled union workers within the U.S. will still qualify for tax credits but will not receive the full amount. The Bill advanced after a 14-14 tie vote.