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Electric pickup startup Lordstown Motors goes public via SPAC; $1.6B transaction

Green Car Congress

Lordstown Motors Corporation, a startup developing an all-electric pickup truck serving the commercial fleet market, merged with DiamondPeak Holdings Corporation, a special purpose acquisition company (SPAC). In November 2019, the Lodstown Motors acquired the Lordstown Complex, formerly a General Motors Corporation (GM) factory.

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Hyundai Motor to establish hydrogen refueling station for fuel cell electric buses at Incheon Airport with partners, provide buses

Green Car Congress

Hyundai Motor Company is partnering with Incheon International Airport Corporation (IIAC), Air Liquide Korea and Hydrogen Energy Network (HyNet) to establish a hydrogen refueling station for fuel cell electric buses at Incheon Airport’s Terminal 2 by March 2021. In September 2019, Hyundai and Cummins Inc. Earlier post.).

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Toyota has sold more than 15 million hybrid electric vehicles worldwide

Green Car Congress

million mark with a range of 19 different HEV models on offer across the Toyota and Lexus brands, which in 2019 accounted for 52% of total volume, and 63% in West Europe. Of course, we must work hard on improving battery performance and lowering costs (of BEVs), which we are doing. In Europe, sales of HEVs have passed the 2.8

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Workhorse Group secures $35M in financing from Marathon Asset Management; $1.3M battery purchase by Duke Energy

Green Car Congress

The proceeds will be used for current working capital, parts acquisitions to fulfill existing and future customer purchase orders and contracts as well as to satisfy full repayment of the senior secured notes incurred in July 2018. Workhorse Group Inc., The facility has a three-year term secured by a first priority lien on all assets.

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Hyundai Motor Group deepens partnership with Grab to accelerate EV adoption in Southeast Asia

Green Car Congress

The Group—including Hyundai Motor Company and Kia Corporation—and Grab will further develop new pilots and initiatives that lower the barriers of entry for Grab driver and delivery-partners to adopt EVs, such as lowering the total cost of ownership and reducing range anxiety. Hyundai Motor Group and Grab Holdings Inc.

Asia 199
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Hub less E-bikes

Electric Vehicles India

Hub less E-Bike by RMK Corporation. Higher exposure: Most of the parts of this wheel are exposed to atmosphere which causes easy wear and tear. Not Economical: the cost of these wheels is pretty high due to the above reasons. Hub less E-Bike by RMK Corporation. These Hub less E-bikes aren’t really Hub less.

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Why the UAW is all set to hit primary US automakers this life

Baua Electric

Shawn Fain, the combative president of the United Auto Staff union, has threatened to hit any of the 3 corporations that hasn’t reached an promise through the life its lease with the union expires at 11:59 p.m. On Friday, Fain stated that the corporate trade in weren’t plenty and that he had put them within the trash.

Detroit 52