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Tag Archives: Investments

Leclanché receives substantial funding

Electrans 05062018 4

Leclanché’s largest shareholder makes a US$76 million investment commitment Swiss energy storage solution company Leclanché SA has secured CHF 75 million (US$76 million) of funding from FEFAM, Leclanché’s largest shareholder. FEFAM has also agreed to provide a conditional CHF 50 million (US$51 million) funding facility to finance acquisitions and joint ventures in e-transport …

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GAC Group to push $6.5 billion into EV industrial park

Source: GAC MOTOR

Guangzhou Automobile Group (GAC Group) has announced the construction of a new Chinese manufacturing hub, dedicated to the development and production of electric and “intelligent” vehicles under its GAC Motor brand. The move is not unexpected, considering that China’s EV and PHEV market has exploded over recent years. Indeed, the …

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Edmunds too quick to suggest gloomy outlook for EVs

Source: Renault-Nissan and Transdev

Rather than drawing correlations between a cut in incentives and a dead EV market, this study indicates that more accurate research is needed. For example, further market research into the stage in the buying process at which people begin looking at boring things like rebates and financial incentives. When do people get excited about EVs? Do people look into purchasing an EV to save money, to save the environment, or with an eye on the future of oil reserves? Are EVs still a niche because of lack of financial incentive, or because of lack of charging stations?

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‘Tesla for the air’ entices big investors with big savings

Source: Business Wire

Zunum Aero has secured serious investor interest for its regional hybrid-electric aeroplane concept, from JetBlue Technology Ventures and Boeing HorizonX. The company will initially target routes of 700 miles, with the hope of developing its technology to cope with 1000+-mile flight ranges by 2030. Its aircraft will accommodate between 10 …

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Hyundai accelerates towards batteries as it puts hydrogen in park

Ioniq concept 
Source: Hyundai

Hyundai has announced plans for an new all-electric platform and luxury branding ahead of Korea Autoshow Hyundai senior vice president, Lee Ki-sang, confirmed the automaker’s change of direction as it makes plans to concentrate to move beyond fuel-cell hydrogen cars, adding: “The electric-vehicle platform will require high up-front investments but …

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President Obama’s 21st Century Clean Transportation System

Read the White House’s full press release below: As President Obama has repeatedly said, “no challenge poses a greater threat to future generations than climate change.” At the same time, the President has made clear that taking steps to reduce carbon pollution presents an enormous opportunity to strengthen the economy, …

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