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BorgWarner to invest $500M in Wolfspeed, securing up to $650M in annual capacity for SiC devices

Green Car Congress

Wolfspeed intends to offer , subject to market conditions and other factors, $1.300 billion aggregate principal amount of its Convertible Senior Notes due 2029 in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended.

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Forth and Mobility Development partner to launch national EV carsharing program; affordable model for underserved communities

Green Car Congress

The first states included in the program are: Oregon, Washington State, North Carolina, Missouri and Michigan. —Jeff Allen, Executive Director of Forth. This partnership allows us to create meaningful impact on a national scale. Support to other communities that are working to develop non-profit shared mobility models.

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NC proposes one of US’ most anti-EV bills yet–No free EV charging unless free gasoline or diesel is offered too

Teslarati

Keith Kidwell of North Carolina has proposed what could very well be one of the country’s most anti-EV bills to date. As noted by The Carolina Journal , NC law now authorizes the Department of transportation to operate EV charging stations at roadside rest stops, provided that conditions are met. “The

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The 2024 Chevy Blazer EV has a quirky $4k discount for Tesla drivers

Baua Electric

The $4,000 discount applies to both 2024 Chevy Blazer EV leases and purchases and according to CarsDirect, it can be stacked with other deals, such as the $7,500 tax credit and the $1,000 Costco member-only incentive. Chevrolet’s conquest bonus cash offer doesn’t require a trade-in and can be transferred to household members, so that’s nice.

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USA Rare Earth acquires US rare earth permanent magnet manufacturing capability from Hitachi; mine-to-magnet

Green Car Congress

USA Rare Earth, LLC, the funding and development partner of the Round Top Heavy Rare Earth and Critical Minerals Project in West Texas, has purchased the neodymium iron boron (NdFeB) permanent magnet manufacturing equipment formerly owned and operated in North Carolina by Hitachi Metals America, Ltd. billion in 2027.

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Toyota says it would rather buy credits than ‘waste’ money on EVs

Baua Electric

million battery complex in North Carolina to be used in its EVs and hybrids sold in North America. Regulation-wise, we would have to prepare something like credit purchase,” he told Automotive News. Wasted investment is worse than the credit purchase,” he added. Currently, the company is building a $13.9

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VinFast Still Kicking and Planning to Show Vehicles at CES

The Truth About Cars

Also on display will be the full-size VF9 SUV, which the company said will integrate a new streaming service CES attendees can experience personally, and an all-new electric bike. From VinFast: The first group of VinFast dealers consist of Leith VinFast (Raleigh, North Carolina), Smith Haven VinFast (St.