US Offers $710 Million in Loans for EV Technology Projects
The U.S. Energy Department said on Thursday it gave preliminary approval for nearly $710 million in loans to electric vehicle (EV) technology manufacturing ventures, although the Biden administration still has $221.8 billion in loan capacity to fund clean-energy projects. Jigar…
Cenntro Electric Group Limited Announces Approval of the Scheme of Arrangement by the Supreme Court of New South Wales
Cenntro Electric Group Limited (NASDAQ: CENN) (“Cenntro” or “the Company”), a leading electric vehicle technology company with advanced, market-validated electric commercial vehicles, refers to the proposed scheme of arrangement in relation to which Cenntro will re-domicile from Australia to the…
FLO Powers Electric Snowmobiles For OFF-GRID Experiences in Wyoming
FLO and OFF-GRID Experiences are powering green winter adventures in the great American west. OFF GRID Experiences, an outdoor adventure company, is charging its fleet of electric snowmobiles with FLO chargers. OFF-GRID Experiences Jackson Hole is one of five Uncharted…
SAP Goes the Distance With EV Fleet Digitalization
Electric vehicles (EVs) are transforming the mobility experience in corporate fleet management. A great example is the partnership between Mercedes-Benz and SAP where the companies are both customers and vendors to each other. Mercedes-Benz is using SAP solutions to digitalize…
Fisker Signs New Dealer Partners in US as Strategic Business Shift Continues
Fisker Inc. (NYSE: FSR) (“Fisker”), driven by a mission to create the world’s most emotional and sustainable electric vehicles, announced today that it has signed a total of four dealer partners in the US as it undertakes a strategic shift…
Ford CEO Open to Working With Rivals to Compete With China
Ford Chief Executive Jim Farley said on Thursday the automaker is reworking its electric vehicle strategy to compete with Chinese rivals, and opened the door to collaboration with other automakers to cut EV battery costs. BYD and other low-cost Chinese…
Bollinger B4 Electric Truck Production Set for Late 2024
Mullen Automotive, Inc., an electric vehicle (EV) manufacturer, announced today that its subsidiary Bollinger Motors has partnered with LaFontaine Automotive Group to become its first authorized dealer. LaFontaine will facilitate sales of the all-new Bollinger B4 Chassis Cab, an all-electric…
Ford, GM CEOs Open to Partnerships to Compete With China
The chief executives of U.S. automakers Ford (F.N), opens new tab and General Motors (GM.N), opens new tab said on Thursday they would consider partnerships to cut electric vehicle technology costs as Chinese rivals move into the U.S. and European…
Europe Moves to End Reliance on China EVs With €4.4bn Factory Plans
Two of Europe’s largest car makers Stellantis and Mercedes-Benz have raised about €4.4 billion to set up three new electric vehicle (EV) gigafactories across the European Union (EU) in the coming years. The companies said in a press release on…
Rapid EV Adoption Risks Tying U.S. to Chinese Interests
Normally a new year brings a renewed focus on getting things done in Washington. But with Congress accomplishing little in 2023 and attentions now shifting to the November elections, it is more prudent than ever that the policy agenda of…
