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Tech CU (Technology Credit Union) is working with Tesla Motors as a preferred financing partner for their Model S, Model X and Roadster electric vehicles, offering up to 100% financing with a competitive annual percentage rate (APR).
Since 2017, Proton Motor Fuel Cell GmbH has been working with Aumann AG as part of the larger EU program “ Fit-4-AMandA ” (Fit for Automatic Manufacturing and Assembly) on hydrogen fuel cell stack production with financing from the agency FCH JU (Fuel Cells and Hydrogen Joint Undertaking). Fit-4-AMandA “stack robot”.
Pinnacle Engines also announced closure of its Series C financing, bringing total investment in the company to more than $30 million. John Parker: In his 41-year career at Ford Motor Company, John focused on emerging markets in Asia and Africa, living and working throughout the region before returning to his homeland of Australia.
Tata Motors, India’s leading automobile manufacturer, launched the newest member of its EV family this past week: the Tiago.ev. Equipped with a permanent magnet synchronous motor, Tiago.ev Equipped with a permanent magnet synchronous motor, Tiago.ev —Shailesh Chandra, Managing Director, Tata Motors Passenger Vehicles Ltd.,
Lordstown Motors Corporation, a startup developing an all-electric pickup truck serving the commercial fleet market, merged with DiamondPeak Holdings Corporation, a special purpose acquisition company (SPAC). billion transaction provides Lordstown Motors with $675 million of gross proceeds.
Enedym, a switched reluctance motor (SRM) spinout from McMaster University, closed a $15-million financing round from an international group of strategic investors within the US, Canada, Europe, and India, including P&A Paletta Giving Inc., Enedym Switched Reluctance Motors (SRMs) remove the need for these costly magnets.
Hyundai Motor Company is partnering with Incheon International Airport Corporation (IIAC), Air Liquide Korea and Hydrogen Energy Network (HyNet) to establish a hydrogen refueling station for fuel cell electric buses at Incheon Airport’s Terminal 2 by March 2021.
In Seoul, Hyundai Motor Company unveiled a strategic roadmap to accelerate its electrification ambition as it pursues sustainable progress for the company. Presentation of Jaehoon Chang, President and CEO of Hyundai Motor Company. The IMA is being developed to standardize not only a chassis but also battery system and motor.
Nissan Motor is launching a sustainable finance framework to help fund its next-generation electrified vehicles, batteries, environmental technologies, and new mobility services. The Nissan Sustainable Finance Framework will enable Nissan to raise funds needed to further enhance its sustainability efforts.
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.
General Motors is offering 0% APR financing for 72 months on used Chevrolet Bolt EV electric cars and Chevy Volt plug-in hybrids, reports CarsDirect, which cited a bulletin sent to dealerships last week. If you're considering a used electric car, now might be a good time to spring into action.
Infinitum Electric , developer of ultra high-efficiency, durable, lightweight and cost-effective electric motors built with patented printed circuit board (PCB) stator technology and integrated control systems, has closed a $1.8-million million Series A round of financing, led by Cottonwood Technology Fund (CTF).
million in new financing. Surging global demand for electric vehicles (EVs) and other motorized devices has highlighted global dependency on the unsustainably-produced rare earth materials currently required for the magnets needed in electric drivetrains and motors.
Mazda Motor Corporation will introduce the Mazda2 Hybrid in Europe from the spring of 2022. The Mazda2 Hybrid will be an OEM model supplied by Toyota Motor Europe, a wholly owned subsidiary of Toyota Motor Corporation, and will be added to the Mazda2 lineup in Europe and sold as Mazda's own brand vehicle.
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.
The aim of the three-year project is to develop an agile and digitalized production system complete with modular product concept for innovative electric motors. —Thomas Pfund, President of the E-Motors Business Unit at Schaeffler. The AgiloDrive2 research project, with a three-year duration and total finance package of €33.7
Today Lucid Motors announced a new digital financing platform called Lucid Financial Services to provide lease and loan purchase options to Air EV customers in the United States. The financing options are provided through a strategic relationship between Lucid Group and Bank of America.
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.,
The lease accounting treatment for cars sold through the new financing plan (earlier post) will have no impact on cash flows. The company expects to be roughly breakeven on cash flow from operations in Q2, despite launch costs in Europe and an increase in service centers, stores and Supercharger stations.
Lucid Motors says it has delivered nearly 3,000 units of its Lucid Air in the lastest quarter, beating expectations on the back of discounts and cheaper financing options. The post Lucid Motors beats delivery estimates after offering discounts and low cost finance appeared first on The Driven.
The Rivian vehicles feature up to 400+ miles in electric range, a wading depth of 1 meter, lockable storage bins that can fit the bulkiest of gear, and the performance and precise control of quad-motor AWD. Headquarters in Plymouth, Michigan are dedicated to finances, engineering, and design.
According to Yahoo Finance, registration data from Germany’s Motor Transport Authority (KBA) shows the Volkswagen brand has delivered 49,200 electric cars in that country through the. Remember when the Tesla Model Y outsold every other electric car, anywhere in the world, all the time? That was then; this is now.
Terra Motors partners Pooja Finelease Ltd. for electric vehicle financing. Terra Motors a leading electric vehicles manufacturer in India has partnered with Pooja Finelease Ltd. India’s leading non-banking finance company for electric vehicle financing. The post Terra Motors partners Pooja Finelease Ltd.
This is IM Motors' first public financing from other investors, reaching a post-investment valuation of nearly RMB 30 billion ($44). The post IM Motors closes Series A financing as cumulative deliveries reach 1,051 appeared first on CnEVPost. For more articles, please visit CnEVPost.
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.
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
The financing was led by Amazon’s Climate Pledge Fund, D1 Capital Partners, Ford Motor Company and funds and accounts advised by T. In April 2019, Rivian announced that Ford Motor Company invested $500 million and that the companies would collaborate on a future program. The financing was led by funds and accounts advised by T.
Tesla Motors will open more than 30 new service centers and stores across the continent, the company announced at the Geneva Motor Show. Competitive leasing and financing options, similar to a program the company recently launched in Germany with rental company Sixt, are also expected to drive growth on the continent.
Chinese EV contender XPeng announced that its wholly owned subsidiary in China, Guangdong Xiaopeng Motors Technology Co., Early in August, Xpeng reported closing a US$900-million C+ financing round. entered into a cooperation agreement with Guangzhou GET Investment Holdings Co.,
Tesla Motors has launched a new business leasing program for the Model S. The Tesla business lease is available through Tesla Finance, a new subsidiary set up especially to offer this new product to business customers. Tesla Model S financing options. Business lease. Est. gross mo.payment. Net payment. Net payment.
On Wednesday, the Senate Finance Committee advanced the Clean Energy for America Act making a few tweaks from earlier proposals. It’s good news for General Motors, which recently begged the government for just […]. It’s good news for General Motors, which recently begged the government for just […].
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
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.
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.
The CIZARIS features robust and reliable CATL lithium iron phosphate batteries and a highly efficient synchronous central motor from Dana/TM4, which has been used in tens of thousands of buses for years. For higher demands, the CIZARIS 12H will have even greater range for intercity travel starting in 2023.
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.
Rivian introduced a new, limited-time 2.99% financing offer on its new Dual Max R1S this week. With over 400 miles of range, a re-engineered suspension, and an in-house Dual-Motor system, Rivian’s new R1S is more capable and efficient than ever.
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.
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.
The Connecticut General Assembly has passed HB 6688 , a bill that imposes a highway use tax (HUT) on every carrier for operating, or causing to be operated, certain heavy, multi-unit motor vehicles (Class 8-13) on any highway (i.e., not just limited-access highways) in the state.
From CarsDirect : Just as before, Stellantis Financing continues to offer a special financing rate of 1.9% percent] APR financing for 72 months could make the 2025 Dodge Charger Daytona EV a more appealing option to purchase than before. The first one includes 0 [percent] APR financing for 72 months plus $3,000 in bonus cash.
Finance charges or finance incentives are excluded. Department of Commerce, Bureau of Economic Analysis, Underlying Detail, Motor Vehicle Output, 2020. Sources: Cars – U.S.
Inventory financing is being provided by Hitachi Capital America (HCA) as part of Workhorse’s previously announced strategic partnership with HCA. Inventory financing for that deal is also being provided by Hitachi Capital America. Dual Axial Flux Interior Permanent Magnet Motors. Interior Volume. 1,000 cu.ft. Overall Length.
At introduction, the Polestar 2 will feature a 300 kW long-range dual motor with a 78 kWh battery pack (in 27 modules). This account will become your ID used for all things Polestar moving forward, including tracking your order, completing financing steps closer to delivery, and interacting with your Polestar 2 via the Polestar App.
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