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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.

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Balqon to build electric buses in China with SAIG

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California-based Balqon Corporation, a developer of heavy-duty electric vehicles, drive systems and lithium battery storage devices ( earlier post ), has entered into a Joint Development Agreement with China-based Sichuan Automobile Industry Co., Sichuan Automobile Industry Co.

China 300
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Nidec to form electric traction motor JV with a subsidiary of Guangzhou Automobile Group

Green Car Congress

Leading motor manufacturer Nidec Corporation will form a joint venture with GAC Components Co., a member of China-based Guangzhou Automobile Group Co., GAC Components is a subsidiary of major Chinese car manufacturer Guangzhou Automobile Group with the sixth-largest market share in the increasingly environmentally strict China.

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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

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Including hybrid-electric vehicles, it will strive to electrify 100% of its automobile unit sales in Japan by 2030. Honda is formalizing its goals for achieving carbon neutrality for all products and corporate activities by 2050, as well as zero traffic collision fatalities involving Honda automobiles and motorcycles globally by 2050.

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Fuel Systems Solutions to Acquire Certain FuelMaker Assets and Purchase Orders

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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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Electric Motors Corporation (EMC) Receives First Indiana Incentives to Launch Electric Automotive Technology

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million in tax credits and up to $200,000 in training grants to Electric Motors Corporation (EMC), based on the company’s plans to establish an electric vehicle industrial development park the state. The Indiana Economic Development Corporation and the Elkhart Economic Development Corporation provided support for the company’s request.

Indiana 150
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Kandi Vehicles signs LOI with China Aviation Lithium Battery Co., Ltd. to promote 20,000 EVs in Hangzhou

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CALB), a subsidiary of Aviation Industry Corporation of China (AVIC) to promote 20,000 pure electrical vehicles in Hangzhou. Their cooperation is also intended to promote structural development of China’s automobile industry and accelerate transformation of economic growth pattern to fulfill the national goal of sustainable development.

China 274