Velodyne Lidar announced the beta launch of its Vella family of software products. Vella enables Velodyne’s customers to accelerate development of lidar-based vision solutions for autonomous applications. Using the online platform Vella Portal, Velodyne’s sensor customers can easily access Vella’s software offerings, which include Vella Go for lidar sensor management;... Read more →

Nissan signs $1.4B green loan for zero emission mobility investments

Nissan Motor signed a ¥200-billion (US$1.4-billion) syndicated green loan agreement arranged by Mizuho Bank. Nissan will utilize the loan to support its clean mobility and related projects to progress its long-term electrification and carbon neutrality ambitions. The loan contract period will be five and seven years. As the first funds... Read more →

CNOOC buys 5% share in Búzios field production from Petrobras for $1.9B

CNOOC Petroleum Brasil Ltda. has paid Petrobras R$ 10.3 billion (US$1.9 billion) for a 5% share in production from the Búzios field in the pre-salt of Santos Basin. (Earlier post.) Búzios field is a large ultra-deepwater oil field located in the Santos Basin, about 230 km (140 mi) off the... Read more →

Neste delivers more than 500,000 gallons of SAF to LAX

Neste delivered more than 500,000 gallons (1,500 metric tons) of Neste MY Sustainable Aviation Fuel to Los Angeles International Airport (LAX). This SAF delivery was made possible by a close cooperation with LAXFUEL, the consortium of the airlines operating at LAX providing the jet fuel supply infrastructure for the planes... Read more →

Lucid Gravity electric SUV to be on market in 2024

Lucid announced that Gravity, its upcoming luxury electric SUV, will be on sale in 2024 with reservations opening in early 2023. Lucid is currently finalizing the vehicle design and specifications, in parallel with continuing the expansion of its AMP-1 factory in Casa Grande, AZ. With the Lucid Space Concept employed... Read more →

Fusion Fuel partners with Duferco Energia SpA to develop Italian green hydrogen market

Fusion Fuel has entered into a commercial agreement with Duferco Energia SpA jointly to develop the green hydrogen ecosystem in Italy and select markets in the MENA region. A subsidiary of Duferco Group, the multinational steel and commodity trading company, Duferco Energia is a focused on the management of energy... Read more →

VinES and Gotion High-Tech break ground for 5GWh/year LFP battery factory in Vietnam

VinES Energy Solutions Joint Stock Company (a member of Vingroup) and Gotion Inc.(a wholly owned subsidiary of Gotion High-Tech), held the groundbreaking ceremony for their LFP battery cell factory in Vung Ang Economic Zone (Ha Tinh). The project has a total investment of more than VND 6,329 billion (US$275 million),... Read more →

With the opening of a 14,000 sqm warehouse in the Czech Republic specialized in handling batteries for electric cars, A.P. Moller - Maersk (Maersk) is expanding its offering as a preferred logistics partner for the Central European automotive industry and original equipment manufacturers (OEMs). Located in the Northern part of... Read more →

Avery Dennison expands energy storage portfolio with EV battery solutions

Avery Dennison Corporation, a materials science and manufacturing company specialized in the design and manufacture of a wide variety of labeling and functional materials, has launched a range of products and solutions specially engineered for the electric vehicle (EV) battery ecosystem. Avery Dennison’s EV battery portfolio features advanced products that... Read more →

Nissan establishes new mobility service company in China; robotaxi services

Nissan (China) Investment Co., Ltd. (NCIC) has established Nissan Mobility Service Co., Ltd., a dedicated mobility service company, as part of its efforts to continue transforming its business in China. The new company, headquartered in Suzhou, will be committed to investing in mobility services and deploying robotaxi services. By working... Read more →

Polestar receiving $1.6B financing support from Volvo Cars and PSD Investment

Polestar Automotive, the Swedish electric performance car brand, received further commitments for financial and liquidity support from its two major shareholders. Volvo Cars is providing US$800 million principal amount 18-month term loan, with an equity conversion option for Volvo Cars. This loan amount is on par with the direct and... Read more →

Zeem Solutions signs purchase order for 100 Nikola Tre battery-electric trucks

Zeem Solutions, a builder and operator of zero-emission fleet depots, has executed a purchase order for 100 Nikola Class 8 Tre battery-electric vehicles (BEVs) to ensure immediate availability of electric trucks for freight and logistics companies utilizing Zeem’s all-inclusive EV depot fleet solution. Zeem is focused on delivering better economics... Read more →

China-based EV maker NIO delivered 10,059 vehicles in October 2022, representing an increase of 174.3% year-over-year. The deliveries consisted of 5,979 premium smart electric SUVs including 2,814 ES7s, and 4,080 premium smart electric sedans including 3,050 ET7s and 1,030 ET5s. The vehicle production and delivery were constrained by operation challenges... Read more →

Aramco announces $1.5B Sustainability Fund

Aramco has created a $1.5-billion Sustainability Fund to invest in technology that can support a stable and inclusive energy transition. It was unveiled at the sixth edition of the Future Investment Initiative (FII) and is among the largest sustainability-focused venture capital funds globally. Managed by Aramco Ventures, the venture capital... Read more →

Liquid Wind raises €15.2M in Series B; green electrofuel for the marine industry

Liquid Wind, the Swedish green electrofuel development company, has raised €15.2 million in Series B financing. Existing investors Uniper, Alfa Laval, Siemens Energy, Topsoe, Elyse and other shareholders are also participating in this round, alongside HyCap Fund I SCSp, a UK-based hydrogen specialist investment fund. With the proceeds from to... Read more →

European Energy receives €53M financing for Power-to-X e-methanol plant in Kassø

European Energy’s upcoming Power-to-X-facility (PtX-facility) in Kassø will be the largest e-methanol facility in the world to date. The Danish Green Investment Fund (DGIF) has now agreed to provide financing of €53 million to the total investment of the facility. Danish bank Jyske Bank is also co-financing. The PtX facility... Read more →

Up to 500 QUANTRON Class 8 fuel cell trucks for US-based TMP Logistics Group

German e-mobility specialist QUANTRON has signed a framework agreement with US-based TMP Logistics Group Ltd. for an order of up to 500 Class 8 trucks with a fuel cell drive system. The vehicles, which will be operated via Quantron-as-a-Service (QaaS), are scheduled for delivery by 2024. It is also intended... Read more →

Foxconn, Indika Energy form Indonesian JV for EVs and batteries

PT Indika Energy Tbk. (Indika Energy) through its subsidiary, PT Mitra Motor Group (MMG), and an affiliate of Hon Hai Technology Group (Foxconn), Foxteq Singapore Pte. Ltd., are establishing a joint venture company to manufacture commercial electric vehicles and electric batteries, as well as providing management consultation service. Seeing the... Read more →

German government takes control of Russian-owned refineries

Germany’s Federal Government placed Rosneft Deutschland GmbH (RDG) und RN Refining & Marketing GmbH (RNRM) under the fiduciary management of the German Bundesnetzagentur (Federal Network Agency). This means that the Bundesnetzagentur is assuming control of Rosneft Deutschland and thus also its respective shares in the three refineries PCK Schwedt, MiRo... Read more →

Ford recalling some 2022 Mach-E EVs over potential half-shaft failure

Ford Motor Company is recalling certain 2022 Mustang Mach-E electric vehicles. The right-rear axle half shafts may have been manufactured improperly, allowing the half shaft stem to break under load. The potential number of units affected is 1,175. A broken half shaft can cause a loss of drive power, or... Read more →

Tritium and EVCS to deploy additional 300 new EV fast chargers in California, Oregon, and Washington

Tritium DCFC is partnering with EVCS, an EV fast-charging network operator on the West Coast, to deploy 300 new chargers across California, Oregon, and Washington. The order consists of 300 50kW Tritium RTM fast chargers, making the total Tritium DC fast charger contribution to the EVCS network more than 800.... Read more →

DOE issuing RFI on vehicle photovoltaics

The US Department of Energy Vehicle Technologies Office (VTO) and Solar Energy Technologies Office (SETO) have issued a request for information (RFI) (DE-FOA-0002790) on challenges and opportunities for vehicle-integrated photovoltaics (VIPV) or vehicle-added (or attached) PV (VAPV) systems. As the market for solar-powered vehicles grows, VIPV/VAPV have opportunities to add... Read more →

Gevo closes on Net-Zero 1 production facility land; fall groundbreaking

Gevo has closed on the purchase of approximately 245 acres near Lake Preston, South Dakota for its first commercial scale sustainable aviation fuel (SAF) facility, Net-Zero 1. The site, initially optioned for purchase by Gevo in December of 2020, is very favorable for producing low-carbon SAF. Gevo expects to break... Read more →

Airbus invests in world’s largest clean hydrogen infrastructure fund managed by Hy24

Airbus has joined the world’s largest clean hydrogen infrastructure investment fund, managed by Hy24—a joint venture between Ardian, a private investment house and FiveTHydrogen, an investment manager specialising in clean hydrogen investments. Hy24’s investment fund will provide financial capital to back credible, large-scale green hydrogen infrastructure projects world-wide. Airbus’ involvement... Read more →

Albemarle planning major lithium processing plant in US

Albemarle Corp is planning to build a major lithium processing plant in the United States that would produce as much of the battery metal as the entire company produces today, according to a report from Reuters. At the Fastmarkets Lithium Supply and Battery Raw Materials conference in Phoenix, Arizona, Eric... Read more →

Schneider Electric acquires EV Connect

Energy management and automation company Schneider Electric has acquired EV Connect, an EV charging solution provider. Along with the current management team, CEO and founder Jordan Ramer will continue to lead EV Connect’s operations as a distinct subsidiary. At Schneider Electric, we believe that electric and digital are the recipe... Read more →

LOTTE Chemical and Sasol Chemicals exploring collaboration to develop electrolyte solvents

Sasol Chemicals, a business unit of Sasol Ltd. and LOTTE Chemical, Korea's leading chemical company, have agreed to conduct a pre-feasibility study of a joint project to build, own and operate a plant to produce battery-grade electrolyte solvents. The companies will assess the suitability of Sasol’s locations near Lake Charles... Read more →

Nikola Tre BEV approved for the New York Truck Voucher Incentive Program as zero-emission vehicle

Nikola Corporation announced that its Nikola Tre battery-electric vehicle (BEV) has been deemed eligible for the New York Truck Voucher Incentive Program (NYTVIP). NYTVIP provides vouchers, or discounts, to fleets across New York State that purchase or lease medium- and heavy-duty zero-emission battery electric vehicles (BEV). With this approval, purchasers... Read more →

California bill would implement car-free tax-credit program

California Senate Bill 457, authored by State Senator Anthony J. Portantino (D – La Cañada Flintridge) creates a rebate program for each person without a car in a household. It is currently awaiting action in the Assembly. The bill is aimed at reducing California’s dependence on cars, providing more incentives... Read more →

Volvo Trucks is introducing a new safety system to detect other road users entering the blind spot on both sides of the truck. The new safety system uses a dual radar on each side of the truck that detects when other road users enter the blind-spot area. When someone is... Read more →

Chevron sanctions $1.6B Ballymore in deepwater GOM; low-cost tieback to add up to 75,000 bpd

Chevron Corporation has sanctioned the $1.6-billion Ballymore project in the deepwater US Gulf of Mexico (GOM). The project, with a design capacity of 75,000 barrels of crude oil per day, will be developed as a three-mile subsea tieback to the existing Chevron-operated Blind Faith platform. Chevron’s U.S. Gulf of Mexico... Read more →

HYON enters collaboration agreement with Mitsui on hydrogen fueling

HYON, a company founded in 2017 with the aim of being the leading provider of bunkering solutions for hydrogen, has entered a collaboration agreement with the Japanese trading and investment company Mitsui & Co., Ltd. The partnership sets the stage for large-scale development of hydrogen fueling solutions, starting with a... Read more →

Pacific Basin Shipping, Nihon Shipyard and Mitsui to collaborate on zero-emissions vessels

Pacific Basin Shipping Limited, one of the world’s leading dry bulk shipping companies, has signed a memorandum of understanding (MoU) with Nihon Shipyard Co., Ltd and Mitsui & Co., Ltd to cooperate in the investigation and development of zero-emission vessels and investment in related bunkering infrastructure. The International Maritime Organization... Read more →

Highly efficient battery systems are the key to success of electromobility as the power is transmitted from the charging components to the battery and from there to the electric motor. This is done by metal busbars. Plastic overmoldings ensure electrical insulation of the busbars and, thus, safe distribution of the... Read more →

CNGR, Finnish Minerals Group JV founded; producing precursor material in Hamina

In late 2021, Finnish Minerals Group and technology company CNGR Advanced Material announced their plan to establish a new joint venture company to build a pCAM plant that will produce precursor material in Hamina. (Earlier post.) Now, the joint venture has been founded and given the name CNGR Finland Oy.... Read more →

Sunrise, Graphite One sign MOU on establishing US plant for graphite-based anodes and other products

Global Internet of People, Inc. (SDH), today announced that its subsidiary Sunrise (Guizhou) New Energy Material Co., Ltd., a lithium-ion battery anode producer based in Guizhou Province, China, has entered into a memorandum of understanding (MOU) with Graphite One Inc., a Vancouver based company that produces graphite materials. The companies... Read more →

Magna growing battery enclosures business, expanding in Ontario to support new Ford business

With the increasing shift toward vehicle electrification, Magna is leveraging its body and chassis expertise to provide innovative battery enclosures. The company is expanding its operations into Chatham, as an extension of its current operations in St. Thomas to support new business from Ford Motor Company. The new 170,000 square... Read more →

Suzuki to invest $1.3B for EV and EV battery manufacturing in India

Suzuki Motor Corporation (SMC) signed a Memorandum of Understanding (MOU) with the State of Gujarat, India, to invest approximately 104.4 billion rupees (approximately US$1.4 billion) for local manufacturing of electric vehicles (BEV) and BEV batteries. The MOU was signed on 19 March 2022 at India-Japan Economic Forum held in New... Read more →

Textron to acquire electric aircraft pioneer Pipistrel

Textron Inc., home to the Cessna, Beechcraft, and Bell aviation brands, has entered into an agreement to purchase Pipistrel, an award-winning pioneer and global leader in electrically powered aircraft, based in Slovenia and Italy. With Textron, Pipistrel will have access to greater resources, technical and regulatory expertise and a global... Read more →

Stellantis Ventures launches with €300M fund

Stellantis has launched its first venture capital fund with the creation of Stellantis Ventures. The fund will initially invest €300 million in early and later-stage startup companies developing innovative, customer-centric technologies that could be deployed within the automotive and mobility sector. We are moving fast in our transformation to a... Read more →

Aemetis to supply Qantas with 35M gallons of blended sustainable aviation fuel

Aemetis, a renewable fuels company focused on negative carbon intensity products, has signed an offtake agreement with Qantas Group and Qantas Airlines for 35 million gallons of blended sustainable aviation fuel (SAF) to be delivered over the 7-year term of the agreement. The value of the contract including incentives is... Read more →

Honda to issue US$2.75B in dollar-denominated green bonds to accelerate environmental initiatives

Honda Motor Co. will issue US dollar-denominated Green Bonds totaling US$2.75 billion for its initiatives toward the realization of a society that aims for zero environmental impact. The proceeds from the issuance of the Green Bonds will be used exclusively toward environmental initiatives. This will be the first time for... Read more →

MARAD to award $25M to support Marine Highway program

The US Department of Transportation’s Maritime Administration (MARAD) announced the availability of $25 million in funding for the America’s Marine Highway Program (AMHP), which supports the development and expanded use of America’s navigable waterways and will help improve supply chains and the movement of goods throughout the country. These new... Read more →

Lithium Australia talking with Johnson Matthey about acquiring LFP production operation in Canada

In a prospectus filed on 10 February 2022, lithium producer Lithium Australia reported that it has made a non-binding offer (NBO) to Johnson Matthey PLC for the acquisition of the lithium ferro phosphate (LFP) production operations located in Candiac, Canada and a research and development facility on Moosburg, Germany. The... Read more →

Fisker opens reservations for its second product, the PEAR; starting price of $29,900

Fisker Inc. is now accepting reservations for its second product, the Fisker PEAR (Personal Electric Automotive Revolution). (Earlier post.) The all-electric Fisker PEAR blends sustainability, technology, and design into a digitally connected, compact, five-passenger urban EV. Featuring intuitive controls, sporty driving, clever storage, and a focus on industry firsts, the... Read more →

A scientist at Argonne National Laboratory will host a short 15-minute public webinar on 2 March 2022 at 11 a.m. CT that will compare the greenhouse gas emissions of electric vs. conventional vehicles. Register here. Electric vehicles (EVs) tend to generate fewer greenhouse gas emissions than conventional vehicles. But the... Read more →

NJ TRANSIT orders 8 electric Xcelsior CHARGE NG buses with options to purchase up to 75 more

New Flyer of America has received a firm order from the New Jersey Transit Corporation (NJ TRANSIT) for eight zero-emission, next generation Xcelsior CHARGE NG forty-foot heavy-duty transit buses with options to purchase up to 75 more battery-electric buses under a five-year contract. The new contract advances NJ TRANSIT’s zero-emission... Read more →

Strategy Analytics forecasts 17.5% CAAGR for automotive semiconductor dollar demand from 2020-2025

Sustained demand coupled with price rises translated to the automotive semiconductor market showing a strong upwards trajectory in 2021, growing by 11.9% year-on-year. With vehicle production assumed to normalize in 2022, and a strong push towards electrification driving production and associated demand, Strategy Analytics forecasts CAAGR (Compounded Average Annual Growth... Read more →