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Pinnacle Engines, developer of a highly efficient 4-stroke, spark-ignited (SI), opposed-piston, sleeve-valve architecture engine ( earlier post ), has appointed five industry leaders to its newly formed Asian Business Advisory Board.
Skeleton Technologies, a manufacturer of high power- and energy-density ultracapacitors ( earlier post ) has completed Round A financing of €3.9 The financing will be used for production scale-up and product development in addition to sales and marketing efforts. million (US$5.4 million announced in April 2013.
Although on paper, capacity in the pipeline appears sufficient to meet this demand growth, Roskill expects challenges and set-backs in developing, financing and commissioning lithium mining and refining operations. In 2019, rechargeable batteries accounted for 54% of total lithium demand, almost entirely from Li-ion battery technologies.
UK Prime Minister Boris Johnson confirmed that the government will accelerate the ban on the sale of new gasoline and diesel vehicles, bringing it forward by ten years to 2030, as part of a “Green Industrial Revolution.” The sale of hybrid cars will be allowed until 2035. billion (US$1.7
Tesla’s sales in Beijing and Shanghai: As per vehicle sales data tracked by Yiche.com , the Tesla Model Y was the best-selling vehicle in the first-tier cities of Beijing and Shanghai in 2024. As per the industry watcher, the Tesla Model Y became Beijing’s most popular vehicle with 20,631 sales.
Gevo announced a new fuel sales agreement with American Airlines for the sale of 100 million gallons per year of sustainable aviation fuel (SAF) for five years from Gevo’s future commercial operations. The Agreement with American Airlines is the single, largest fuel sales agreement ever entered into by Gevo with a customer.
Brightmark Energy , a San Francisco-based waste and energy development company, closed a $260-million financing package for the construction of the US’ first commercial-scale plastics-to-fuel plant, which will be located in Ashley, Indiana.
China’s State Council has published a plan to develop the domestic energy-saving and new energy vehicle industry, which includes battery-electric vehicles, plug-in hybrid vehicles and fuel cell vehicles. 2012 Chinese Auto Industry Development Report. —Energy-saving and new energy vehicle plan. L/100km (40 mpg US) or less.
These projects concern, in particular, the traceability of financial transactions and communication with equipment manufacturers and the sales network. Groupe Renault also consider blockchain as a vector for the transformation of the automotive industry. Groupe Renault has identified some 20 projects to deploy blockchain technology.
In addition to new investors BlackRock and Sinobioway, existing investors also participated in this financing. This new and significant financing will help accelerate our growth and further expand project development and implementation. These RIN credits are purchased by US refiners to comply with the RFS program. Earlier post.).
The Electrification Coalition has introduced its EV Policy Showroom, offering policymakers, EV advocates, industry partners and other stakeholders online access to easily navigable data and policy information on the deployment and adoption of electric vehicles and charging infrastructure.
Founder and CEO Scott Colosimo was inspired to delve into the EV industry after his success as the founder of Cleveland CycleWerks, a motorcycle design and manufacturing company. The District is on sale now, starting at $7020 after a 10% EV tax credit, with financing available. —Scott Colosimo.
Daimler Truck supplies industry leading transportation solutions and services to customers. Both companies operate in industries that are facing major technological and structural changes. Mercedes-Benz is the world’s most valuable luxury car brand, offering the most desirable cars to discerning customers.
Limited engagement by dealers, poor purchase experience, or efforts to block innovations in the automotive retail sector could adversely impact sales and slow the growth of the nascent PEV market. Power 2013 Sales Satisfaction Index (SSI) study data on customer satisfaction with new car dealerships and Tesla stores.
The objective is to finance a training program for students on work-study programs to enhance their employability and prepare them for mid-manager job positions in the following fields: electric vehicle design, production and after-sales service; onboard IT systems; charging infrastructure.
Increased shareholder activism, combined with global warming policies of institutional investors and NGOs, are pushing IOCs in a corner, constricting financing options for oil companies. With less financing options for IOCs, and also oilfield services, the already existing investment gap in upstream investment worldwide will only grow wider.
XL also has added two new members to its executive team, with deep experience in the commercial fleet industry, and with leadership backgrounds across finance, sales, business development and operational excellence. Most recently, Anna served as COO of Xamax Industries, a leading specialty materials provider.
The investment also marks a strengthening and deepening of the existing industrial and commercial partnership between PSA and DFG, China’s second largest carmaker. DFG’s investment through the two successive capital increases, for a total amount of €800 million, would accompany the deepening of this historic industrial partnership.
Sample START Sustainability Label to be provided upon request with each sales order. START is a significant step forward for the aluminum industry as the first offering of this kind, setting a new standard on transparency, traceability and responsible production from mine to market.
The acquisition of Quantenna is another step towards strengthening our presence in industrial and automotive markets. The transaction is not subject to a financing condition. ON Semiconductor intends to fund the transaction through cash on hand and available capacity under its existing revolving credit facility.
The road transport sector could still reach net-zero emissions by 2050 through electrification, but urgent action would be required from policymakers and industry participants, according to research company BloombergNEF’s (BNEF) latest annual Long-Term Electric Vehicle Outlook (EVO). million sold in 2021 to 21 million in 2025.
During 2014, the global plug-in electric vehicle (PEV) industry is poised to grow by 86% and will surpass more than 346,000 new vehicles sold, according to a new white paper—“ Electric Vehicles: 10 Predictions for 2014 ”—published by Navigant Research. PEV makers pursue revenue beyond vehicle sales.
degrees Celsius compared with pre-industrial levels, Renault Trucks is committed to gradually electrifying its fleet to become carbon-neutral within 30 years. We’re aiming for 35% of our sales to be electric in 2030. To help meet the Paris Agreement’s goal of limiting global warming to less than 1.5
Ioxus, a manufacturer of premium performance ultracapacitor technology for use in transportation, industrial and energy applications, completed its series C funding with receipt of $21 million from investors. The company plans to use the funds to expand its customer service, sales and manufacturing in Asia, with a focus on China.
It further strengthens our long-term commitment and focus on our Project as we work together with CATL to bring 3Q into full development by building a comprehensive financing plan. In 2019, the company’s EV battery sales volume reached 40.25 GWh worldwide, making it the world leader in annual EV battery consumption volume.
to finance the development and production of low-carbon fuels and energy transition metals. TMC and LCR have agreed to a purchase and sale agreementwhereby LCR has acquired a 2.0% Deepsea mining company TMC The Metals Company ( earlier post ) announced a strategic partnership with Low Carbon Royalties Inc.
million hydrogen-powered vehicles could be on UK roads by 2030, according to interim Phase I findings of the UKH 2 Mobility project, a joint Government-industry to evaluate the potential for hydrogen as a fuel for Ultra Low Carbon Vehicles in the UK before developing an action plan for an anticipated roll-out to consumers in 2014/15.
Arkema now aims for sales of at least €1 billion in the battery sector by 2030. This Center of Excellence, which will help accelerate the development of advanced materials and processes for future generations of more efficient, safer and more compact batteries, was partly financed by the Région-Auvergne-Rhône-Alpes.
have established a partnership to provide platform services for the taxi industry. DiDi is partnering with automakers, new energy transportation infrastructure operators and after-sales service providers to build an open new energy car-sharing system. Didi Chuxing, the world’s leading mobile transportation platform, and SoftBank Corp.
New-vehicle retail sales for June 2022 are expected to decline when compared with June 2021, according to a joint forecast from J.D. Retail sales of new vehicles this month are expected to reach 965,300 units, a 18.2% Comparing the same sales volume without adjusting for the number of selling days translates to a decrease of 15.0%
Initially intended for industrial applications, PEM electrolysis is now targeting the renewable energy storage market, to supply service stations with hydrogen for fuel cell vehicles or to supply natural gas networks (power-to-gas, e.g., earlier post ). —Vianney de l’Estang, CEO of Smart Energies.
By Luvhrtz As a management consultant, I spend most of my working life playing with numbers and math in the areas of business development and finance. My analysis goals have always been to make use of data and computer models to better understand industry trends. With BEVs starting to go mainstream, we now have enough […]
Farizon Auto, the new energy commercial vehicle brand from Zhejiang Geely New Energy Commercial Vehicle Group (a subsidiary of Geely Holding) raised more than US$300 million in its first external financing round. Farizon is also the first place in the cumulative sales volume of the first three quarters in 2022 domestically.
Volvo Cars said that by the middle of the next decade, it expects to generate half of all sales annually from fully electric cars; one third of all cars sold to be autonomous driving cars and half of all cars it offers to customers from its subscription service. Volvo Cars achieved record profits and sales in 2017, with a 27.7%
The Department first offered loans to Tesla and other auto manufacturers in June 2009, when car companies couldn’t get other financing and many people questioned whether the industry would survive. This is another important contribution to what the Obama Administration has done to preserve and promote America’s auto industry.
Existing investors Breakthrough Energy Ventures, Ecosystem Integrity Fund, Summa Equity, Shell Ventures, and SYSTEMIQ also participated in the financing. The program kick-off is supported by a new raise of $24.3 million, led by Horizons Ventures, joined by a new investor: British Airways.
Ioxus, a manufacturer of premium performance ultracapacitors for use in transportation, industrial and energy applications, received $15 million in Series C funding from investors. The Westly Group, a venture capital firm based in Menlo Park, California, led the financing.
collectively, Fisker Automotive) have entered into an asset purchase agreement with Hybrid Tech Holdings, LLC (Hybrid) for the sale of substantially all Fisker assets. To facilitate the sale process and provide for orderly distributions to creditors, Fisker Automotive has voluntarily filed petitions under Chapter 11 of the US Bankruptcy Code.
The point is, with volumes languishing (and probably poised to decline) tied to a flat oil futures price curve and with economics marginal at $60 per barrel, many E&P operators find themselves running through hedges in 2015 and still in need to finance their already reduced capital spending.
Tesla has completed another debt sale, this time backed by loans offered to customers purchasing solar equipment from the company. After Tesla last month raised $783 million in a debt sale of prime automotive leases , the company this week sold $499 million of bonds backed by solar loans from its customers, as reported by Bloomberg.
The industrialized world brushes these realities under the rug in favor of self-aggrandizing agenda-setting, and, in doing so, engenders critical supply risks and the potential for further environmental degradation. —Baker Institute report Need Nickel?
Munich-based LiDAR start-up Blickfeld has completed its Series A financing round. Blickfeld’s patented technology is particularly advantageous in terms of its industrialization capability and enables highly automated production of the devices, allowing the company to meet the needs of the automotive mass market.
The latest Autotech & Mobility M&A Market Report from Hampleton Partners, the international M&A and corporate finance advisory firm for technology companies, shows that the appetite for Autotech & Mobility deals has remained consistent despite the impact of COVID disruption, the global semiconductor shortage and supply chain issues.
E-Transit is the all-electric version of the world’s best-selling cargo van and the new vehicle spearheads the launch of Ford Pro in the region; this new business offers customers a comprehensive suite of software, charging, servicing and financing solutions fully integrated into a portfolio of gas and electric vehicles. Earlier post.)
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