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Electric Vehicle Spotlight: Financing Rivian R1S

EV Life

American EV manufacturer Rivian Automotive initially unveiled a prototype of its futuristic all-electric SUV—the R1S—at the Los Angeles Auto Show in November 2018. After battling supply chain issues due to the global pandemic, Rivian finally began fulfilling orders for the R1S in August 2022. Special Edition Badging.

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Hercules EV opens $20M Series A round; targeting electric pickup in late 2022; Prieto solid-state batteries

Green Car Congress

Hercules will offer a previously unapproached range of customer options for personalizing the Alpha, including fully customized interiors with numerous vegan and natural surfaces available, as well as a configurable Android-based digital experience system. How Prieto 3D batteries work. Source: Prieto.

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Tata Motors launches $10,000 electric hatch; deliveries of Tiago.ev start in January

Green Car Congress

Tata Motors, India’s leading automobile manufacturer, launched the newest member of its EV family this past week: the Tiago.ev. We are confident that this move will help more and more customers embrace EVs as their preferred mode for personal mobility. Tata is offering special introductory prices starting INR 8.49

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Toyota Blockchain Lab accelerating blockchain technology initiatives and external collaboration

Green Car Congress

Going forward, to further pursue possible uses in a wide range of areas, including supply chains, mobility services, and the “Woven City” announced on 7 January 2020 ( earlier post ), and create new value in the future, the accumulation of technical knowledge and promoting solutions for implementation in business, is now necessary.

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Elon Musk extends apology to India minister for missing Fremont Factory visit

Teslarati

In a post on X, the social media platform formerly known as Twitter, Goyal commended the contributions of talented Indian engineers and finance professionals who are working in senior positions at the electric vehicle maker. “I visited Tesla’s state-of-the-art manufacturing facility at Fremont, California.

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BorgWarner to invest $500M in Wolfspeed, securing up to $650M in annual capacity for SiC devices

Green Car Congress

billion financing transaction in exchange for a silicon carbide device capacity corridor. We believe this agreement helps ensure that BorgWarner will have a reliable supply of high-quality silicon carbide devices, which are significant to the company’s inverter growth plans.

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The US’s largest solar panel maker opens a 3.3 GW factory in India

Baua Electric

Tempe, Arizona-based First Solar’s sixth operational factory expands the company’s global manufacturing footprint to four countries, including the US, Malaysia, and Vietnam. The US International Development Finance Corporation (DFC) provided $500 million of the $700 million in financing for First Solar’s India factory.

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