LION ELECTRIC ANNOUNCES EXPIRY OF COVENANT RELIEF PERIOD AND DEFAULTS UNDER CERTAIN OF ITS SENIOR DEBT INSTRUMENTS
The Lion Electric Company (NYSE: LEV) (TSX: LEV) (“Lion” or the “Company”), a leading manufacturer of all-electric medium and heavy-duty urban vehicles, announced today the expiry of the previously announced covenant relief period under its senior revolving credit agreement entered…
DOE Closes on $9.6B loan to Ford’s BlueOval SK Battery Joint Venture
The BlueOval SK joint venture with South Korea-based EV battery manufacturer SK On was established to provide Ford a steady supply of domestically-produced batteries for its EVs. Battery production is slated to begin in 2025. The DOE’s Loan Programs Office…
SCU Installs Solar EV Chargers for Maintenance Fleet
Paired Power and Santa Clara University (SCU) have partnered to provide direct clean energy to the University’s maintenance fleet and other electric vehicles. In October, the university announced that Paired Power, a leading American-made solar and microgrid electric vehicle charger…
Arlington Pumping Up on Public EV Charging Stations
Arlington County Government is jump-starting the number of Electric Vehicle (EV) charging stations it offers for the public.Just a few months ago, the County had provided just 15 public charging stations at facilities including Long Bridge Aquatics & Fitness Center…
Stellantis and CATL to Invest Up to €4.1 Billion in Joint Venture for Large-Scale LFP Battery Plant in Spain
Stellantis and CATL today announced they have reached an agreement to invest up to €4.1 billion to form a joint venture that will build a large-scale European lithium iron phosphate (LFP) battery plant in Zaragoza, Spain. Designed to be completely…
Woman-Led Climate United Launches $250 Million Zero-Emission Truck Program at L.A. Ports
Los Angeles-based Climate United in a press release has announced a new program to offer affordable leasing options to small fleets and independent operators to lower operational costs and reduce air pollution in port communities, beginning at the Ports of…
Aquarius has Signed a Memorandum of Understanding with EnviroCharge to Conduct a Pilot in the U.S. for One of the Largest car Rental Companies in the World, in Exchange for $150,000
According to Gal Friedman, CEO of Aquarius: “We are proud to collaborate with one of the largest and leading car rental companies in the world on this groundbreaking project. This project will significantly increase the number of electric vehicles the…
Stellantis, Zeta Energy Partner to Develop Lithium-sulfur EV Batteries
Stellantis N.V. and Zeta Energy Corp. have announced a joint development agreement aimed at advancing battery cell technology for electric vehicle applications. The partnership aims to develop lithium-sulfur EV batteries with gravimetric energy density while achieving a volumetric energy density…
Electric Transportation Partnership Launches in Idaho, States Across the West
The nonprofit Treasure Valley Clean Cities Coalition, based in Boise, Idaho, is partnering in a new multi-state collaboration that is working to identify and connect sites for electric vehicle charging stations in the West. The new collaboration is called ChargeWest,…
Electrify America & Costco Wholesale Launch New Charging Station Partnership
Electrify America, the United States’ largest open hyper-fast charging network, has collaborated with Costco Wholesale to provide electric vehicle charging at five Costco locations. Increasing convenience for EV drivers, this will provide another location to plug in while shopping. The…
