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Volkswagen committing $7.1B to boost product line-up, R&D, manufacturing in North America; targeting 55% BEV sales by 2030

Green Car Congress

billion over the next five years in the North American region (NAR) (Canada, Mexico, United States) to boost its product portfolio, regional R&D and manufacturing capabilities. This strategy builds on the company’s preparation of its Chattanooga facilities for local EV production. Volkswagen will commit $7.1 Assembly of the ID.4

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Ford, Ford Credit introduce sustainable financing framework prioritizing EV, clean production, community investments

Green Car Congress

Ford Motor Company and its financing subsidiary, Ford Motor Credit Company, introduced the North America auto industry’s first sustainable financing framework, focusing on and paying for ambitious plans in vehicle electrification and other environmental and social areas. Vigeo Eiris, an arm of Moody’s Corp.,

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Graphex and Northern Graphite partner on large-scale graphite processing facility site evaluations in Québec

Green Car Congress

Graphex Technologies LLC, the US subsidiary of Graphex Group Limited, and Northern Graphite Corporation announced that Graphex will participate in Northern’s previously announced selection process for a site suitable for the construction of a large-scale graphite processing facility in Baie-Comeau, approximately 420 km north-east of Québec City.

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DFDS orders 100 Volvo electric heavy-duty trucks

Green Car Congress

DFDS has chosen a financing solution provided by Volvo Financial Services. The electrification trend in the heavy truck market is accelerating. Our clear aim is to drive the electric truck transformation and our market-leading position shows that we are definitely on the right track. —Roger Alm, President of Volvo Trucks.

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Li-Cycle receives conditional commitment for $375M loan from DOE ATVM program

Green Car Congress

The conditional commitment follows DOE technical, market, financial and legal due diligence and marks another significant milestone endorsing Li-Cycle’s development of the first commercial hydrometallurgical resource recovery facility in North America, located near Rochester, New York. Li-Cycle Holdings Corp.

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GE Capital to provide financing for electric motorcycle maker Brammo

Green Car Congress

GE Capital’s Commercial Distribution Finance (CDF) business has agreed to provide Brammo Inc. with inventory financing to support the expansion of its dealer network in the US. We’ve proven that we can successfully marry technology with performance and now we’re ramping up our efforts to deliver our unique products to the marketplace.

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H2X Global secures US$57M from Verde Mobility to deliver on US$300M in fuel cell vehicle orders

Green Car Congress

The deal will finance the delivery of H2X Global’s US$300 million in purchase agreements for vehicles that include the Warrego (utility vehicle), Paroo (garbage/deliver/concrete trucks), and Swan (passenger bus). UHL has expansion plans in North America and is looking to open an office in Canada later this year.

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