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Ford and Volkswagen expand global collaboration to include EVs, invest in Argo AI

Green Car Congress

Ford Motor Company and Volkswagen AG are expanding their global alliance to include electric vehicles—and will collaborate with Argo AI to introduce autonomous vehicle technology in the US and Europe. As part of the transaction, Volkswagen also will purchase Argo AI shares from Ford for $500 million over three years.

Ford 262
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JATO: global vehicle sales fall by 39% in March; electrified vehicles up to 17.4% new registration market share in Europe

Green Car Congress

The outbreak of COVID-19 has already impacted the automotive industry significantly, according to JATO Dynamics, a leading provider of global automotive data and insight. Global vehicle sales totalled 5.55 And unlike previous recessions, we’re not just dealing with people’s fears or purchase delays. million units.

Europe 261
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Hertz announces ‘strategic decision’ to slash EV fleet

Teslarati

In the filing , Hertz said the figure is roughly one-third of its global EV fleet. The EVs that Hertz has put up for sale will “remain eligible for rental” until they ultimately sell. The EVs that Hertz has put up for sale will “remain eligible for rental” until they ultimately sell.

Fleet 120
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Phillips 66 taking 16% stake in synthetic graphite supplier NOVONIX; building US-based battery supply chain

Green Car Congress

Among its businesses, Phillips 66 is a leading global manufacturer of specialty coke, a key precursor in the production of batteries that power electric vehicles, personal electronics, medical devices and energy storage units. —Greg Garland, Chairman and CEO of Phillips 66.

Supplies 186
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Ballard signs $25M deal with Broad-Ocean for manufacture & sales of 30 and 85 kW fuel cell systems in China

Green Car Congress

Broad-Ocean) for the assembly and sale of FCveloCity 30 kW and 85 kW fuel cell systems in China. Under the deal, Broad-Ocean will manufacture fuel cell modules in three strategic regions in China, including Shanghai. Stack supply will be transferred to Guangdong Synergy Ballard Hydrogen Power Co.,

China 150
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Anjie Wireless licenses WiTricity technology for China EV market

Green Car Congress

Under the terms of the agreement, Anjie Wireless will license WiTricity’s patented magnetic resonance technology and industry-leading designs to develop and commercialize highly efficient wireless electric vehicle (EV) charging systems for sale to leading carmaker brands in the China market.

China 249
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GM and SAIC Motor to partner on all-new vehicle family for global growth markets; $5B investment from Chevrolet

Green Car Congress

General Motors and SAIC Motor are enhancing their partnership through an agreement jointly to develop the core architecture and engine of a new vehicle family targeting global growth markets. —Mark Reuss, GM executive vice president, Global Product Development, Purchasing and Supply Chain.

Chevrolet 150