Green Car Congress

NOVEMBER 5, 2020

Hyundai Motor Company is spearheading the development of a hydrogen fuel cell commercial vehicle ecosystem in China with regional partners. Hyundai Motor signed an MOU with Shanghai Electric Power Co., —In Cheol Lee, Executive Vice President and Head of Commercial Vehicle Division at Hyundai Motor.

Hyundai 356

Hyundai Commercial China Motor 356

Green Car Congress

NOVEMBER 23, 2022

Niron will use this financing to advance the commercial partnerships and pilot production of its rare earth-free Clean Earth Magnet, further demonstrating its potential to replace rare earth permanent magnets. Iron nitride has a very high magnetic flux density; flux density is proportional to torque density in motors and generators.

Grant 345

Grant Production Wind Clean 345

Baua Electric

MAY 15, 2024

Commercial EV manufacturer Mullen has scored a $150 million capital infusion that will allow it to expand its domestic and international sales efforts – and put Bollinger’s beefy electric trucks into series production. The Bollinger B4 is a cabover-style chassis cab with a 15,500 lb. FTC: We use income earning auto affiliate links.

Financing 52

Financing Production Cayenne Mississippi 52

Baua Electric

JANUARY 18, 2024

TEMO’s easy-installation electric outboard motors make it painless for boaters to convert their vessels into electric boats. The French company TEMO just landed a €6 million Series A financing round with the US impact fund At One Ventures, the Ecotechnologies 2 fund, and business angels, to accelerate the company’s growth.

DIY 97

DIY Installation Motor Motors 97

Green Car Congress

FEBRUARY 7, 2023

MagREEsource, a 2020 spin-off of the CNRS-Institut Néel that is commercializing processes for recycling rare-earth magnets and then remanufacturing new magnets from the recycled powders, has secured €5 million in financing and has opened its first pilot facility in Grenoble, with a capacity of 50 tons by 2023.

Financing 243

Financing Hydrogen Manufacturer Wind 243

Green Car Congress

NOVEMBER 29, 2019

The BMW Group and Great Wall Motor have launched a new joint venture—Spotlight Automotive Limited—and are building a joint plant in China, where the BMW Group will produce future fully-electric models of its MINI brand. Jiangsu is also one of the leading provinces for finance, education and technology.

Mini E 259

Mini E BMW China Future 259

Green Car Congress

DECEMBER 18, 2020

Toyota Caetano Portugal (TCAP), the joint venture of Toyota Motor Europe (TME) and Salvador Caetano, strengthened its strategic alliance with CaetanoBus and Finlog by becoming the direct shareholder of the two Portuguese companies. The ordered H2.City

Toyota 221

Toyota Europe Fuel Motor 221

Green Car Congress

NOVEMBER 13, 2019

China-based Xpeng Motors has closed a US$400-million Series C capital funding from a group of strategic and institutional investors. Xiaomi Corporation and Xpeng Motors have achieved significant progress through in-depth collaboration in developing technologies connecting smart phones and smart cars. and a former Alibaba executive.

Chinese 199

Chinese Motor Motors Motoring 199

Teslarati

NOVEMBER 12, 2021

Lordstown Motors ( NASDAQ: RIDE ) reported its Q3 2021 Financial Results on Thursday and reported that it will delay the Endurance all-electric pickup once again. Additionally, Lordstown Motors confirmed the sale of its Lordstown, Ohio factory to Foxconn. Lordstown Motors (@LordstownMotors) November 12, 2021. RideWithLordstown.

Ohio 135

Ohio Motor Motors Motoring 135

Green Car Congress

JUNE 23, 2021

Hyundai Motor Group and Grab Holdings Inc. The Group—including Hyundai Motor Company and Kia Corporation—and Grab will further develop new pilots and initiatives that lower the barriers of entry for Grab driver and delivery-partners to adopt EVs, such as lowering the total cost of ownership and reducing range anxiety.

Asia 199

Asia Hyundai Singapore Indonesia 199

The Truth About Cars

MAY 27, 2021

On Wednesday, the Senate Finance Committee advanced the Clean Energy for America Act making a few tweaks from earlier proposals. Changes include raising the federal EV tax rebate ceiling to $12,500 and opening the door for automakers who already exhausted their production quotas.

Tax Credit 119

Tax Credit Financing Tax General Motors 119

Green Car Congress

JULY 30, 2021

million in new financing. Niron will use the funding to build its pilot production facility in Minnesota and accelerate the development of its Clean Earth Magnet technology. Niron will use the funding to build its pilot production facility in Minnesota and accelerate the development of its Clean Earth Magnet technology.

Minnesota 482

Minnesota Commercial Clean Cleaning 482

Green Car Congress

MARCH 20, 2019

Hyundai Motor Group and India-based Ola—one of the world’s largest ride-hailing platforms— announced a strategic partnership under which Hyundai Motor Company and Kia Motors Corporation will make their biggest combined investment to date, as part the Group’s continued efforts to become a Smart Mobility Solutions Provider.

Hyundai 186

Hyundai Motor Motors Motoring 186

Green Car Congress

MAY 3, 2013

In response to critiques of the first version of its financing program introduced early in April ( earlier post ), Tesla Motors has raised the Model S resale value guarantee to be the highest of any premium sedan brand made in volume (excludes rare, low volume or limited edition vehicles). —Tesla Co-founder & CEO Elon Musk.

Financing 218

Financing Tesla Production Lexus 218

Green Car Congress

JANUARY 16, 2014

YASA Motors, the manufacturer of highly differentiated advanced axial flux motors and generators based on its Yokeless And Segmented Armature (YASA) technology ( earlier post ), has raised £5 million (US$8.2 million) in new financing from a combination of existing and new investors. —Chris Harris, CEO of YASA Motors.

Motor 199

Motor Motors Motoring 2000 199

Green Car Congress

JUNE 16, 2020

Polestar, the electric performance car brand jointly owned by Volvo Car Group and its parent Zhejiang Geely Holding, is open to take production orders for the Polestar 2 electric fastback. At introduction, the Polestar 2 will feature a 300 kW long-range dual motor with a 78 kWh battery pack (in 27 modules). Earlier post.).

Los Angeles 311

Los Angeles New York City Production Denver 311

Green Car Congress

SEPTEMBER 28, 2020

Chinese EV contender XPeng announced that its wholly owned subsidiary in China, Guangdong Xiaopeng Motors Technology Co., The manufacturing base is expected to commence production by December 2022, upon which Guangzhou GET Investment will lease it to an operating subsidiary of Guangdong Xiaopeng for a tenure of seven years.

Financing 170

Financing Manufacturer China Chinese 170

Green Car Congress

JUNE 19, 2015

Elio Motors, the developer of the three-wheeler Elio, has launched a crowd-funding initiative as the next phase in its fundraising strategy. Individuals interested in learning more about the Elio Motors investment opportunity can go to StartEngine.com , the crowd-funding website launched today by business incubator Start Engine.

Motor 150

Motor Motors Motoring MPG 150

Green Car Congress

FEBRUARY 1, 2013

According to a new binding agreement, Daimler AG will invest in BAIC Motor, the passenger car unit of BAIC Group. Daimler’s investment will take place through the issuance of new shares corresponding to a 12% stake in BAIC Motor. Daimler’s shareholding in BAIC Motor is subject to the approval by the relevant authorities.

Motor 247

Motor Motors Motoring Mercedes 247

Green Car Congress

JULY 25, 2021

The financing was led by Amazon’s Climate Pledge Fund, D1 Capital Partners, Ford Motor Company and funds and accounts advised by T. As we near the start of vehicle production, it’s vital that we keep looking forward and pushing through to Rivian’s next phase of growth. The financing was led by funds and accounts advised by T.

2019 334

2019 Financing Ford Price 334

Baua Electric

APRIL 5, 2024

Hyundai Motor Group, including Kia, is using affordability to gain market share in the US. With low-cost electric cars, Hyundai Motor , along with Kia, surged past American automakers Ford and GM in the US EV market in the first three months of 2024. 305 $51,265 SE Dual Motor AWD 77.4 316 $47,065 SEL Dual Motor AWD 77.4

Affordable 52

Affordable Kia Hyundai Boston Consulting Group 52

Green Car Congress

APRIL 2, 2013

Tesla Motors, in partnership with Wells Fargo and US Bank, has created an automotive financing product that combines elements of ownership and leasing for Model S customers. Elements of the new program include: US Bank and Wells Fargo have agreed to provide 10% down financing for purchase of a Model S (on approved credit.).

Financing 210

Financing Tax Credit Sale Production 210

Green Car Congress

DECEMBER 13, 2022

billion loan to Ultium Cells LLC to help finance the construction of new lithium-ion battery cell manufacturing facilities in Ohio, Tennessee, and Michigan. The US Department of Energy (DOE), through its Loan Programs Office (LPO), announced the closing of a $2.5-billion

Manufacturer 435

Manufacturer Ohio Batteries Battery 435

Green Car Congress

FEBRUARY 24, 2023

Data source: US Energy Information Administration, federal and state motor fuels taxes table. Other states, including Florida, Georgia, and Maryland, will also end their suspensions of at least some part of their taxes on motor fuels during 2023. These taxes have increased in 13 states since July 2022.

Tax 273

Tax Gasoline Diesel Fuel Tax 273

Electric Cars Report

APRIL 12, 2023

EnergyX) and General Motors announced that GM Ventures is leading a $50 million Series B financing round in EnergyX, and has entered into a strategic agreement to develop EnergyX’s lithium extraction and refinery technology. Based Lithium Supply for Rapidly Scaling EV Production appeared first on Electric Cars Report.

GM 112

GM Supplies General Motors Production 112

Green Car Congress

SEPTEMBER 22, 2021

JJE brings more than 10 years of experience in electric motors and power electronics, as well as central- and direct-drive electrified propulsion architectures. Together, the companies will further define product portfolio scope, manufacturing locations and supporting resources to be provided by each party.

Commercial 296

Commercial Global Market Vehicles 296

Baua Electric

MARCH 19, 2024

Bandhan Bank has inked a Memorandum of Understanding (MoU) with Mahindra & Mahindra (M&M) to provide financing solutions to customers in the commercial vehicle and commercial equipment segments. Mahindra & Mahindra boasts an extensive range of commercial vehicles and equipment, offering products ranging from 3.5

Financing 40

Financing Commercial Vehicles India 40

Teslarati

MAY 5, 2021

Lucid Motors has announced that it has appointed former Waymo Treasurer and Head of Investor Relations Sherry House as its Chief Financial Officer ahead of the automaker’s decision to become a publicly-traded company. Sherry House: Lucid Motors’ new Chief Executive Officer. We are delighted to have Sherry join us.

Companies 98

Companies Motor Motors Motoring 98

Green Car Congress

JUNE 15, 2011

The KLD Energy Technologies motor system, which uses an innovative nanocrystalline composite material ( earlier post ), will be featured in a new line of electric scooters for the Malaysian market. This flexibility allows manufacturers to serve different market segments using the same motor.

Motor 199

Motor Motors Motoring Energy 199

Green Car Congress

OCTOBER 21, 2021

Allison Transmission will participate in the initial public offering (IPO) of Jing-Jin Electric (JJE), a leader in electric motor, inverter, and integrated electrified propulsion systems within China—the largest electric vehicle market in the world. Earlier post.).

North America 186

North America China Michigan 2008 186

Green Car Congress

NOVEMBER 19, 2013

Daimler AG is taking a major step forward in its China strategy with the closing of the company’s 12% investment in long-standing partner BAIC Motor, the passenger car unit of Beijing Automotive Group (BAIC Group), one of the top automotive companies in China. BMBS); Mercedes-Benz Auto Finance Ltd. million vehicles in 2012.

Chinese 259

Chinese Companies Mercedes Motor 259

Green Car Congress

MAY 27, 2013

a developer of technologies enabling the conversion of existing fleet vehicles into plug-in hybrid electric vehicles, completed a $3-million financing with United Fleet Financing, LLC, through a private placement offering and mezzanine financing. Echo Automotive, Inc.,

Financing 218

Financing Conversion Companies PHEV 218

Green Car Congress

JUNE 22, 2023

billion to BlueOval SK LLC (BOSK) for the construction of three manufacturing plants to produce batteries for Ford Motor Company’s future Ford and Lincoln electric vehicles. Together, the plants, one located in Tennessee and two in Kentucky, will enable more than 120 GWh of US battery production annually. Earlier post.)

Ford 150

Ford Kentucky Tennessee Batteries 150

Green Car Congress

JANUARY 6, 2021

The order is split between Workhorse’s C-1000 and C-650 models and is subject to various production and delivery conditions. Inventory financing is being provided by Hitachi Capital America (HCA) as part of Workhorse’s previously announced strategic partnership with HCA. Dual Axial Flux Interior Permanent Magnet Motors.

Purchase 243

Purchase Vehicles Financing America 243

Green Car Congress

AUGUST 18, 2011

Mission Motors, a developer of high-performance integrated electric drive systems, closed on a $9.0-million million dollar Series B financing round led by Warburg Pincus, a leading global private equity firm. The financing adds to what has already been a big year for our company. —Mission Motors CEO, Jit Bhattacharya.

Manufacturer 210

Manufacturer Commercial Motor Motors 210

Electric Vehicles India

NOVEMBER 2, 2021

EV sales in India: Hero Electric, Tata Motors, BMW. According to the Centre for Energy Finance at Council on Energy, Environment and Water at Centre for Energy Finance (CEEW-CEF) until September, electric two-wheeler sales stood at 58,264 units and three-wheelers at 59,808 units. ” Tata Motors .

India 59

India BMW Sale Motor 59

Green Car Congress

JANUARY 12, 2021

Finance charges or finance incentives are excluded. Department of Commerce, Bureau of Economic Analysis, Underlying Detail, Motor Vehicle Output, 2020. Light trucks – Calculated using total new light truck expenditures from the National Income and Product Accounts and light truck sales from Ward’s Automotive.

2019 243

2019 Light Price Financing 243