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Hyundai and Kia invest US$300 million in India’s largest mobility service provider Ola

Ola's Bhavish Aggarwal and  Hyundai's Euisun Chung

Ola will use the investment to transform itself into a smart mobility solutions provider Hyundai Motor Group and Ola – one of the world’s largest ride-hailing platforms – have announced a strategic partnership under which Hyundai Motor Company (Hyundai) and Kia Motors Corporation (Kia) will make their biggest combined investment to …

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ubitricity adds Honda as new partner in Series C funding

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ubitricity will use the funds add charge points at a fast pace ubitricity Gesellschaft für verteilte Energiesysteme has successfully raised 20 million euros in Series C funding that will enable the company to accelerate its growth and further develop its unique mobile metering technology. The investment was made by existing …

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Department of Energy announces US$31 million in funding to advance hydrogen production

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The H2@Scale concept will help advance large-scale hydrogen production The US Department of Energy has announced up to US$31 million in funding to advance the H2@Scale concept. The focus of H2@Scale is to enable affordable and reliable large-scale hydrogen generation, transport, storage, and utilisation in the US across multiple sectors. …

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SK Innovation plans to build new battery plant in Europe, the major EV market

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SK Innovation will invest US$859 million in its Hungarian plant SK Innovation has expanded its electric vehicle battery business into the global market since the beginning of this year. SK Innovation announced that it would invest about US$859 million in Hungary only three months after it made an announcement to …

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Canada announces expanded public EV network in British Columbia

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The Canadian government will invest C$1.15 million to build 23 EV chargers in British Columbia Electric and alternative fuel vehicles play a key role in reducing pollution. As Canadians continue to make greener choices, the government of Canada is delivering more options for them to drive where they need to …

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New York adds US$3 million in funding to help towns and villages expand EV fleets

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The New York Power Authority has provided US$8 million since 2003 for EV initiatives The New York Power Authority has approved US$3 million in funding to continue a zero-interest loan programme that helps dozens of municipalities and rural electricity cooperatives purchase electric vehicles and battery charging equipment for their fleets. …

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Energy Commission approves US$8-million grant for hydrogen fuel cell station

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The fuel cell station will source its hydrogen from renewable biogas The California Energy Commission has voted to approve an US$8-million grant to develop a high-capacity hydrogen fuelling station to service and promote the expansion of zero-emission fuel cell electric Class 8 drayage trucks at the Port of Long Beach. …

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Hyundai Motor to establish Hydrogen Energy Fund with Chinese R&D institute

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Hyundai and Yield Capital’s Hydrogen Energy fund aims to raise US$100 million Hyundai Motor has entered into a memorandum of understanding with Beijing-Tsinghua Industrial R&D Institute (BTIRDI) to jointly establish a Hydrogen Energy Fund. Under this agreement, the South Korean automaker and its Chinese counterpart expect to strengthen their influence …

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