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Tesla has once again extended a promotion in China for zero-interest financing, following multiple extensions since the benefit first launched earlier this year. Tesla is currently offering the zero-interest financing on all Model 3 and Y trims with the exception of the performance variants. million deliveries to match its 2023 totals.
Meanwhile, production planning has been carried out as companies make cutbacks. Genesis confirmed its commitment to electrified products in the UK. Production planning According to a Handelsblatt report, there are growing concerns among Volkswagens (VWs) board members over its finances.
The 13% year-on-year retail sales increase is particularly strong, enabled by consumers accelerating purchases to avoid potential tariff-related price increases, said Thomas King, president of the data and analytics division at J.D. This reflects the combination of reduced supply of recent models due to lower production during the pandemic.
For many of our working-class customers, the used EV rebate becomes the down payment that enables a vehicle purchase at all. We’re thankful that the Senate Finance committee chose to omit this penalty fee for the millions of Americans that already pay steep state EV-specific state registration fees.
In addition to the minor upgrades for the Model 3 and Model Y, Tesla has continued its previous purchase incentives in China, including an RMB 8,000 paid paint discount, an RMB 8,000 insurance subsidy, and five-year interest-free financing for select variants. Screenshots from July 1, 2025 of the Tesla China website.
received a purchase order for 500 of its all-electric C-1000 delivery vehicles from Pritchard Companies. Inventory financing will be provided by Hitachi Capital America as part of Workhorse’s previously announced strategic partnership with HCA. Workhorse Group Inc.
a manufacturer of electric-mobility solutions to the transportation sector ( earlier post ), closed a $35-million financing with Marathon Asset Management. The remaining $25 million will function as a revolving credit facility from which Workhorse may draw down as necessary to meet existing and future purchase orders.
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.
Brightmark Energy , a San Francisco-based waste and energy development company, closed a $260-million financing package for the construction of the US’ first commercial-scale plastics-to-fuel plant, which will be located in Ashley, Indiana. The finished product generated by the RES Polyflow process is a light, sweet liquid known as pygas.
FuelCell Energy intends to use the net proceeds from the offering for project development, project finance, working capital support and general corporate purposes. The terms of the equity transaction include a warrant giving NRG the right to purchase an additional 2.0 per annum for construction-period financing and 8.0%
Workhorse Group has received a purchase order for 6,320 C-Series all-electric delivery vehicles from Pride Group Enterprises, a company with businesses in transportation equipment retail, wholesale, rental, leasing and logistics. Inventory financing for that deal is also being provided by Hitachi Capital America.
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., The terms of this note include conversion features at $0.55
million in Series C financing. The Series C financing follows a $19-million Series B round in 2009 and brings the total raised by Achates Power to nearly $90 million since its 2004 founding. Achates Power, Inc., the developer of a family of two-stroke compression-ignition opposed-piston engines ( earlier post ), has finalized $35.2
launched a dealer program that provides turnkey residential charging packages to consumers purchasing new electric vehicles (EVs) or plug-in hybrids (PHEVs) and allows them to finance the charger in combination with the vehicle at the time of sale. AeroVironment, Inc.
Start of production for the new smart fortwo electric drive. Daimler AG has begun production of the new smart fortwo electric drive at the smart Hambach plant. Like the models with combustion engines, the electric vehicle is now rolling off the production line in the standardized production process. Click to enlarge.
There was also a strong interest in financing options: Of the respondents interested in electric cars, 66% of the German and 65% of the American study participants stated that they would purchase the vehicle via a financial product (financing, leasing or car subscription).
Volta, a builder of commerce-centric electric vehicle (EV) charging networks, announced an oversubscribed Series D financing of $125 million. Goldman Sachs acted as exclusive placement agent to the company in connection with the financing. It will also allow Volta to begin its international expansion.
a provider of cost-effective drone-integrated electric vehicles to the last-mile delivery sector, has entered into a note purchase agreement (NPA) under which it will sell $200 million aggregate principal amount of its 4.0% Workhorse Group Inc., Senior Secured Convertible Notes due 2024 to two institutional lenders.
START will help customers meet the demand from consumers for transparency on where and how the products they purchase are made. START is a significant step forward for the aluminum industry as the first offering of this kind, setting a new standard on transparency, traceability and responsible production from mine to market.
Exelon Corporation will provide equity financing for 21 megawatts (MW) of Bloom Energy solid oxide fuel cell (SOFC) projects at 75 commercial facilities in California, Connecticut, New Jersey and New York. Headquartered in Chicago, Exelon does business in 48 states, the District of Columbia and Canada.
DOE plans ( DE-FOA-0001236 ) to issue in the February 2015 timeframe a funding opportunity (DE-FOA-0001237) to develop and to implement effective purchasing/procurement processes designed to coordinate and consolidate bulk alternative fuel vehicle and advanced vehicle orders and thus reduce the per-unit prices of commercially-available vehicles.
In the future, we will have a high demand for green hydrogen and will also need imports in addition to production in Germany. The core idea of H2Global is a double-auction model: Hydrogen or hydrogen derivatives are purchased in non-EU countries at the lowest possible price with 10-year contracts via a competitive process.
The joint venture is equally owned by the two partners and is chaired by David Holderbach, with more than 20 years of experience in strategic, product and international sales at the Renault Group. The products will be sold throughout Europe. A range of financing options and maintenance services will also be offered.
Global Bioenergies has received 13 letters of intent from French and international industrial leaders for purchases totaling 49,000 to 64,000 tons of isobutene and derivatives annually. This covers the total production capacity of the planned IBN-One plant, a joint venture with Cristal Union, the fourth-largest sugar producer in Europe.
TECO 2030 ASA plans to establish Norway’s first large-scale production of hydrogen-based fuel cells in Narvik in Northern Norway. Work on the site is planned to start in 2021, and the first production is expected next year. TECO 2030 ASA is evaluating various financing alternatives for the new giga factory. Earlier post.).
The Showroom includes the State EV Policy Dashboard; EV Roadmap Roundup; EV Funding and Financing Guide; EV Tools and Calculators Clearinghouse; AchiEVe Toolkit; Freight Electrification Report; and ZEV State Scorecard. The State EV Policy Dashboard displays the status of 10 leading state EV policy strategies, updated monthly.
Faced with the compelling need for more respirators, the French government asked a group of French industrial companies led by Air Liquide to study the possibility of increasing the production of respirators so as to provide 10,000 respirators in 50 days, between the beginning of April and mid-May.
From Lingen (Emsland) to Gelsenkirchen and from the Dutch border to Salzgitter, production, transport, storage and industrial acceptance of green hydrogen are to be connected in several steps between 2024 and 2030 under the umbrella of the overall project. The IPCEI program can finance the network construction in part.
Alas, neither version ever went into mainstream production. Perhaps that’s because the economics didn’t make sense: Even in the early 1950s, it would have been easier and cheaper for families to simply purchase two television sets and watch them in different rooms. Who Was Early TV Pioneer Allen DuMont? DuMont Laboratories.
Energy company SGH2 is bringing the world’s biggest green hydrogen production facility to Lancaster, California. The City of Lancaster will host and co-own the green hydrogen production facility, according to a recent memorandum of understanding. Hydrogen can also reduce and potentially replace natural gas in all applications.
Bank of America made a drastic step forward today to make at-home residential electric vehicle chargers an easier purchase for car buyers. BoA said it would allow consumers the option to finance residential electric vehicle chargers alongside their auto loans through the bank. With the nationwide EV outlook expected to reach 26.4
This SAF purchase agreement expands the list of committed airline partners and supports Gevo’s pursuit of its stated goal of producing and commercializing a billion gallons of SAF by 2030. The alliance followed up that commitment with an intermediate goal to achieve 10% SAF use across the member airlines by 2030.
According to the terms of the Cooperation Agreement, Guangzhou GET Investment agrees to provide RMB 4 billion (US$586 million) in financing to help fuel XPeng’s growth as well as support the construction of a new smart EV manufacturing base for XPeng in the Guangzhou Economic and Technological Development Zone.
This will enable the mill to produce some of the world’s greenest steel and steel products. Already, the plant recycles scrap metal to produce new steel products, including what it says is some of the most sustainably made rail in the world.
million) loan from a consortium of four French banks—BNP Paribas, Société Genéralé, CIC and Bpifrance—to complete the financing of its demo plant. This new financing will cover the purchase of a complete fermentation unit, comprising an inoculation fermenter, a propagation fermenter, and a 5,000L production fermenter.
The Commonwealth Bank of Australia (CBA) has partnered with Tesla to offer low-interest financing on electric vehicle (EV) purchases. The CBA says that the lowered interest rates are available for eligible customers who finance sustainable products, such as EVs and hybrids. Tesla prepares for $1.8
This figure includes investment in projects—such as renewables, storage, charging infrastructure, hydrogen production, nuclear, recycling and CCS—as well as end-user purchases of low-carbon energy devices, such as small-scale solar systems, heat pumps and zero-emission vehicles.
to finance the development and production of low-carbon fuels and energy transition metals. TMC and LCR have agreed to a purchase and sale agreementwhereby LCR has acquired a 2.0% In the coming years, LCR has the potential to be an important additional source of capital to bring NORI-D and other TMC projects into production.
Ford is re-opening its order banks for the all-electric Mustang Mach-E as completed plant upgrades support production ramp in the second half of 2023, with feature improvements including increased range for standard range battery models to a targeted EPA-estimated range of 250 miles for RWD and 226 miles for eAWD. Earlier post.)
Volkswagen, Stellantis and Glencore are supporting the purchase of the Atlantic Nickel nickel sulfide and the Mineraçao Vale Verde copper mine in Brazil by ACG , a London-listed special purpose acquisition company (SPAC), for US$ 1 billion. It plans for an average copper equivalent production of c. lb nickel for open pit; c.
The water electrolysis system will be installed by thyssenkrupp Uhde Chlorine Engineers’ product division Green Hydrogen and consists of pre-fabricated standard modules. This modular system allows to easily scale up a plant to several hundred megawatts or gigawatts.
Starting in 2013, Audi will begin series production of TCNG models whose engines—derived from TFSI units—will be powered by e-gas: synthetic methane produced via the methanation of hydrogen produced by electrolysis using renewable electricity. Audi A3 TCNG for e-gas project. Click to enlarge. Rated at 3.6 The Audi A3 TCNG.
Used-car buyers can now find nearly as many offers and choices as those looking for a new one, thanks to the huge popularity of car financing. Just remember to run a car history check before financing the vehicle to ensure it’s worth the money. Car dealerships may have the best financing deals. Dealer Finance for Used Cars.
Currently, inductive charging is offered as an aftermarket solution with attractive financing options. Yet, the cost of purchasing and installing an inductive charging solution is approximately 30% higher than that of conductive (wired) charging. Large companies are acquiring smaller companies to strengthen their product portfolio.
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