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Linear Labs to begin mass production of high-torque M200 e-mobility motor in September

Green Car Congress

million economic incentive deal with the City of Fort Worth. The company will start with an allocation of production that is distributed between itself and several Tier One sub-contractors in order to expedite the manufacturing ramp rate and delivery of motors to early customers. The announcement comes on the heels of a $68.9-million

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ExxonMobil adds 2.7B barrels oil equivalent to reserves; replaces 183% of 2017 production

Green Car Congress

billion oil-equivalent barrels of proved oil and gas reserves in 2017, replacing 183% of production. ExxonMobil’s reserves life at current production rates is 14 years. Production from Liza Phase 1 is expected to begin by 2020, less than five years after discovery. Exxon Mobil Corporation added 2.7 Resource Base.

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VinFast Still Kicking and Planning to Show Vehicles at CES

The Truth About Cars

But the ultimate goal is for VinFast to become a globally recognized EV manufacturer offering competitively priced vehicles. To that effect, the brand will be putting products on display in Las Vegas next week for CES 2024. Tran Mai Hoa, VinFast’s Deputy CEO of Sales and Marketing.

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ExxonMobil doubles Permian Basin resources to 6B barrels via acquisitions

Green Car Congress

Exxon Mobil Corporation will more than double its Permian Basin resource to 6 billion barrels of oil equivalent through the acquisition of companies owned by the Bass family of Fort Worth, Texas, with an estimated resource of 3.4 growth area for onshore oil production. ExxonMobil will make an upfront payment of $5.6

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Rivian seeks $80B valuation in confidential IPO filing

Teslarati

In comparison, Tesla’s short-lived attempt to go private in 2018, which resulted in a feud between CEO Elon Musk and the SEC, would have given Tesla a $71 billion valuation with Musk’s targeted $420 share price. production plant despite initial deliveries taking place next month. Don’t hesitate to contact us with tips!

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VinFast in a major reshuffle to target US market

Baua Electric

VinFast vehicles are sold at Leith VinFast in North Carolina; Smith Haven VinFast in New York; Principle VinFast Grapevine in Texas; Hiley VinFast of Fort Worth, Texas; and VinFast Wichita, in Kansas. For now, customers can drive off with a VinFast VF8, with the VF 6, VF 7, and VF 9 models available as soon as they launch in the US.

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Why Wall Street is throwing billions at the Permian

Green Car Congress

The collapse of oil prices has ground shale drilling to a halt, but the one region where drilling is still active, and even increasing, is in West Texas. On August 25, Blackstone Group announced its decision to inject $1 billion into Permian assets in a partnership with a Fort Worth-based affiliate of Jetta Operating Co.