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.
Search Results Found For: "Motiv Power Systems"
Plugless Power wireless EV charging system begins real-world trials
Hertz, Duke Energy, and the Clemson University International Center for Automotive Research will test the system on their Nissan LEAFs over the next three months.
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 »
We need more energy: Envia Systems’ 400 Wh/kg Li-ion cells
Envia Systems crushed the record for energy density of an automotive rechargeable Li-ion battery at 400Wh/kg. Now all the small start-up has to do is partner with everybody, become the industry standard, and change the world. Most of us know the public library as a place to get some free Wi-Fi, meet up with people for… Read more »
Power Matters Alliance aims to set wireless charging standards for automotive sector
At this week’s Consumer Electronics Show, the Institute of Electrical and Electronics Engineers — IEEE — announced the formation of the Power Matters Alliance.
California ARB approves $663-million funding plan for clean cars, trucks, buses
The California Air Resources Board has approved $663 million in new funding for projects to reduce emissions, particularly in disadvantaged and low-income communities. The plan allocates $398 million to incentivize clean heavy-duty trucks, buses and freight projects. While diesel trucks account for only 2% of vehicles in the state, they emit the majority of the… Read more »
California Energy Commission awards $36 million for clean transportation projects
The California Energy Commission has awarded more than $36 million in grants for various clean energy transportation projects. The South Coast Air Quality Management District and Long Beach Harbor Department received $10 million each and the Los Angeles Harbor Department received $4.5 million to conduct field demonstrations of medium- and heavy-duty vehicles and cargo handling… Read more »
BYD and Wayne Engineering unveil electric refuse truck
Electrification isn’t just for glamorous sports cars – the humble garbage truck is a likely candidate too. Companies including Motiv Power Systems and Wrightspeed have deployed plug-in refuse trucks. Now Chinese automaker BYD and Wayne Engineering, a manufacturer of chassis-mounted productivity solutions for the solid waste industry, have announced the launch of a pure electric… Read more »
California budget gaps leave heavy-duty EV projects in limbo
Opinion by Urvi Nagrani, Director of Marketing & Business Development, Motiv Power Systems The state of California has approved a number of measures to advance sustainable transportation. Governor Jerry Brown has both a Zero-Emission Vehicle Action Plan and a Sustainable Freight Plan, and the senate passed a landmark climate bill last year. California’s leadership on… Read more »
Mercedes presents electric delivery truck
Despite the demonstrable savings, commercial vehicles have been slower to electrify than passenger cars, and the majors have mostly left the field open for start-up firms such as Motiv Power Systems and Wrightspeed. However, as performance improves and emissions regulations tighten (some European cities are making noises about someday banning ICE trucks from city centers),… Read more »