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Honda secures auto industry’s largest renewable energy purchase; 60% reduction in CO2 from N.A. manufacturing operations

Green Car Congress

Seeking to slash CO 2 emissions from its North American manufacturing operations, Honda has entered into long-term virtual power purchase agreements (VPPAs) for renewable wind and solar power that will cover more than 60% of the electricity that Honda uses in North America.

Purchase 299
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Volvo Cars and Geely Auto to deepen collaboration; new combined powertrain company

Green Car Congress

Companies to retain independent corporate structures. Following a detailed review of combination options, Volvo Cars and Geely Auto have concluded they can secure new growth opportunities in their respective markets and meet evolving industry challenges through deeper cooperation, while preserving their existing separate corporate structures.

Volvo 320
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National Electric Vehicle Sweden AB (NEVS) and Dongfeng Motor Corporation enter strategic cooperation, focused on new energy vehicles

Green Car Congress

National Electric Vehicle Sweden AB (NEVS)—the rebirthed Saab—and Dongfeng Motor Corporation (Dongfeng) have signed a strategic cooperation agreement to achieve global industrial synergies. Dongfeng Motor Corporation (DFM) is the third biggest Chinese state-owned automobile manufacturer headquartered in Wuhan, Hubei Province.

Sweden 150
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Honda targeting 100% BEV & FCEV sales in N America by 2040; new e:Architecture EVs coming in second half of this decade

Green Car Congress

Honda plans to introduce these models to the North American market as model year 2024 vehicles, one from Honda brand and the other from the Acura brand. These EV models will first be introduced to the North American market, and then to other regions of the world.

Honda 400
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Fuel Systems Solutions to Acquire Certain FuelMaker Assets and Purchase Orders

Green Car Congress

has agreed to acquire selected assets and technology for compressed natural gas (CNG) refueling products manufactured by FuelMaker Corporation, including the home refueling appliance marketed under the Phill brand ( earlier post ). Fuel Systems Solutions , Inc. The transaction is valued at $7.0 FuelMaker Corp., Earlier post.).

Purchase 150
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Panasonic and Tesla expand supply agreement for Li-ion cells; nearly 2 billion through 2017

Green Car Congress

Panasonic Corporation and Tesla Motors have expanded their 2011 supply agreement so that Panasonic will now supply nearly 2 billion automotive-grade lithium-ion battery cells to Tesla through 31 December 2017 at long-term preferential prices. —Tesla Quarterly Report (10Q) for quarter ending 30 June 2013.

Li-ion 220
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Geely exports more than 100,000 vehicles in 2012; 164% year-on-year growth

Green Car Congress

Geely’s current major overseas markets include Ukraine, Russia, Iraq and Saudi Arabia. In 2009, Geely bought the Australian transmission manufacturer Drivetrain Systems International (DSI) and then in 2010 Geely purchased Volvo Car Corporation from Ford.

2012 225