Wanxiang Group will provide a bridge loan of $75 million or so, and eventually invest up to $450 million in A123, which would give it an ownership stake of about 80% in the company.
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Daimler AG begins production of smart fortwo EV in Europe, announces pricing in Canada
Smart’s two-seater is tiny, but it’s no stripped-down monk-mobile – standard features include AC, power windows, heated seats and anti-lock brakes.
A123 Systems returns from death’s door with breakthrough new battery technology
A123 Systems (Nasdaq:AONE) showed once again why, in a business dominated by much larger firms, it’s a contender that can’t be counted out. Just days after the company conceded that its ability to continue operations was in doubt, it announced a new lithium ion battery technology called Nanophosphate EXT, and its stock price instantly accelerated… Read more »
Remy to provide motors for Quantum Fuel Systems PHEV pickups
Electric motor maker Remy International, Inc. (OTC-PINK: RMYI) announced Tuesday that it has agreed to supply its HVH250 motors to Quantum Fuel Systems, which will use them in its Ford F-150 PHEV conversions. Quantum recently announced plans to upgrade Ford’s popular pickup to a parallel hybrid system with an electric range of 35 miles and a total range… Read more »
Company man: Q&A with Bob Lutz
The automotive legend turned 80 on February 12, but he still looks and sounds vital. Even better, and in contrast to the typical assumption about octogenarians Lutz is still entirely relevant. Bob Lutz tends not to speak in abbreviations. More often than not, it’s “gasoline,” not gas, “General Motors,” not GM. Perhaps it’s indicative of a… Read more »
The fleet footed survive: VIA Motors electrifies trucks, vans and SUVs
On the strength of a shrewd business plan and ties to GM, VIA Motors plans to jump-start the electric transition through the back door of America’s service vehicles. Its E-REV pickup trucks and vans prove that you can have your fuel efficiency and costs savings, too. Everyone should want an EV. They’re more efficient than… Read more »
Nissan sells 1000 LEAFs in six months in EV-friendly Norway
This represents two percent of the country’s total car market, and makes the LEAF Norway’s ninth-best-selling passenger car.
NRG releases details of planned California EV charging network
The company will spend $50 million on 200 DC fast charging stations, $40 million for level 2 charging station infrastructure, and 9$ million on research and development.
EV Project reaches 24-million-mile mark
The project is currently gathering data at a rate of 100,000 miles per day. It plans to publish over 40 white papers on various topics ranging from the needs of commercial charging to regulatory issues.
Prototype battery explosion injures two at GM research center
Two employees were hurt and 80 were evacuated following an explosion at the GM Tech Center in Warren, Michigan this morning.