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EGEB: Indian fossil-fuel billionaire to invest $10.1B in clean energy

Electrek

In today’s Electrek Green Energy Brief (EGEB): India’s most valuable company by market value is investing $10.1 Enel Russia launches a 90 megawatt wind farm in western Russia. UnderstandSolar is a free service that links you to top-rated solar installers in your region for personalized solar estimates.

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Rusnano and I2BF invest $20M in Nesscap; production and research in Russia

Green Car Congress

Products from the new plant in Russia will be supplied to the growing European and Asian markets for use within the automotive sector and renewable energy markets, said Georgy Kolpachev, Managing Director of Rusnano. Under the terms of the investment agreement, Kolpachev will join Nesscap’s board of directors.

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Tesla models eligible for IRA tax credits in 2024

Teslarati

The IRS implemented some changes that affected some electric vehicle models on sale in the US market. The most significant changes to the IRA related to EV components sourced from foreign entities of concern (FEOC), which included countries like China, Iran, North Korea, and Russia.

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Hyundai Motor Strategy 2025 lays out transition into smart mobility solution provider

Green Car Congress

The Smart Mobility Service business will provide personalized contents and services on the devices to help secure a broader customer base. Hyundai’s plans for Smart Mobility Device include a wide range of product groups beyond automobiles such as Personal Air Vehicle (PAV), robotics, and last-mile mobility.

Hyundai 243
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Mercedes-Benz Vans shows pickup truck concepts; market launch in late 2017; diesel V6

Green Car Congress

Daimler AG will make investments in the high nine figures (euro) in the new model series by the time of the market launch. The key markets will be Argentina, Brazil, South Africa, Australia with New Zealand, and Europe. The double cab has emerged as the dominating body style because it offers room for up to five persons.

Mercedes 150
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GfK says Gen Y buyers will be critical for connected car industry; suggests leveraging car-sharing

Green Car Congress

Although Gen Y buyers are not yet very active in the new car market, global market research firm GfK suggests their preferences will be critical for the future of the connected car industry. In the developed markets surveyed, they spend an average of 5 hours a week driving, compared to 4.6 appeal most to certain age groups.

Connect 150
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Hyundai Motor Group to invest $87B over next 5 years; 44 electrified vehicles; new EV development system; hydrogen plans

Green Car Congress

The Group will start exporting its fuel-cell systems to Cummins and enter the US market this year, followed by the European market. In major regions of Russia, the Group this year will expand the lineup of offered vehicles for its vehicle subscription service first unveiled in Moscow last year.

Hyundai 284