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Under the proposed plan, the NUMMI plant in Fremont, California would be converted into the manufacturing facility for the Aurica Motors E-Car, an all-electric vehicle, as well as Aurica’s proposed PEP (Power Exchange Package) battery swap system.
The Massachusetts Clean Energy Center (MassCEC) has approved a $5-million forgivable loan for Li-ion battery manufacturer A123 Systems contingent on its hitting job creation and private investment milestones. Under the terms of the MassCEC financing, A123 will double its Massachusetts employment to more than 500 by 2014.
The growth capital and Chinese government incentives will be used predominantly to scale manufacturing, research and development, and business development activities in China for the company’s energy storage technology and products. Boston-Power, Inc., GSR Ventures has offices in Beijing and Silicon Valley. Reorganizing.
A123Systems has raised $69 million from GE and other investors to accelerate the expansion of its US lithium-ion battery manufacturing and smart grid capabilities. GE Energy Financial Services and GE Capital’s Equity unit provided $15 million of the amount raised by A123 in this financing.
EnerG2 anticipates that ultracapacitors containing its materials will be used by the automotive industry for hybrid electric vehicles, by electronics manufacturers for enhancing the life and usability of consumer goods, and by a variety of industrial customers to deliver an breadth of new ways to improve energy efficiency.
Lithium-ion battery manufacturer EnerDel will invest $237 million in a new manufacturing plant near its Indianapolis headquarters in order to meet anticipated demand for advanced battery systems used in both automotive and stationary smart grid applications. The Indiana plant will be financed through a $118.5
The report indicates that “ the G7 will need to assist emerging market and developing countries in tackling their greater debt and finance constraints that have resulted from the pandemic, and embark on programmes of green recovery and transformation ”. It suggests that $1.4
year financing under the Department of Energy’s (DOE) Advanced Technology Vehicle Manufacturing Incentive Program (ATVMIP). million was financed through capital leases. Ener1 has applied for $480 million in 10?-year Ener1 total assets are $142 million compared to $31 million in 2007. Ener1 purchased $21.3
Individual regional forecasts are set to a downtrend, and supply chain impacts are being felt, as the consequences of the virus have shuttered manufacturing and supplier facilities around the world. million units, in the wake of the COVID-19 pandemic. decline in global real GDP in 2020.
The ethanol industry would like to raise the amount to 15% or 20%, but they are facing strong resistance from automakers and small equipment manufacturers who believe 15% blends may damage the 97% plus engines on the market that weren't designed to run on anything more than 10% ethanol. Financing challenges. Earlier post.).
Mitsubishi has begun to manufacture the iMiev in the thousands for the Japanese market. The taxpayer is financing the American automakers’ survival and their future. In addition to the California funds there is federal stimulus money, $41 million by mid-April, being doled out to their projects, many of zero environmental benefit.
Subscribe Green News Events Manufacturers Region New Cars Used Cars Filed under: EV/Plug-in , Chrysler Chrysler unveils new electric minivan for the US Postal Service by Sam Abuelsamid on Apr 22nd 2009 at 10:05AM Chrysler U.S. Automotive.coms auto loan locator can help you get a lower new car finance rate.
. “This is like Christmas in May,&# said Saki Kavouniaris, whose steakhouse and cocktail lounge on Warm Springs Boulevard had seen business slump 30 percent since the New United Motor Manufacturing Inc. “When the dot-com died, we lost a lot of manufacturers and Fremont’s had a lot of ups and downs ever since.
We would welcome any other manufacturers of this kind of technology to come here, and we would expect that infrastructure to work for any of the manufacturers." Flu genes spell pig · British forces end combat operations in Iraq more AP: LOCAL · First stimulus highway project starts in Wash. ·
As a result of the lockdown, automobile production ground to a halt in several leading car manufacturing countries. For instance, in post-lockdown China, major car manufacturers are reporting the same level of showroom traffic in March as in the same month last year. Car manufacturers have already pledged over $2.5
News | Markets | Technology | Personal Finance | Small Business | CNN.com RSS Newsletters Video Home Fortune 500 Technology Investing Management Rankings Warren Buffett takes charge Warren Buffett hasnt just seen the car of the future, hes sitting in the drivers seat. "The GPS isnt working," she says. "Too many new roads."
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