Browsing: Funding
Norway Provides $134 Million Loan to Morrow Batteries for Expansion of Battery Manufacturing
By James Bryant
Norwegian start-up Morrow Batteries has secured a loan facility of 1.5 billion crowns ($134 million) from the government agency Innovation…
Germany’s Social Democratic Party (SPD) has outlined plans to boost the domestic electric vehicle (EV) market with tax incentives exclusively…
Colorado and ChargePoint have completed the EV Fast-Charging Corridors program, significantly expanding access to fast-charging infrastructure along key highways in…
Milwaukee, Wisconsin, has been awarded nearly $15 million in federal funding to develop a network of 53 electric vehicle (EV)…
Germany’s Federal Ministry of Economics announced it will provide up to €5 billion in subsidies over several years to support…
Honda Motor Co. will cease funding its joint venture with General Motors (GM) and Cruise to launch a robotaxi service…
U.S. Commerce Department Reaches Deal with Bosch for $225 Million Subsidy to Build Key EV Semiconductor Plant in California
By James Bryant
The U.S. Commerce Department announced on Friday that it has reached a preliminary agreement with German auto supplier Bosch for…
Microsoft will record an $800 million impairment charge following General Motors’ decision to discontinue its Cruise robotaxi program, according to…
California Energy Commission Approves $1.4 Billion Investment Plan to Expand EV Charging and Hydrogen Refuelling Infrastructure
By David Smith
The California Energy Commission (CEC) has officially approved a groundbreaking $1.4 billion investment plan aimed at accelerating the state’s transition…
Germany’s Vice Chancellor and Federal Economics Minister, Robert Habeck, has put forward a detailed proposal to modernize the country’s automotive…
Archer Aviation announced on Thursday that it has raised $430 million in fresh capital, aimed at advancing its aerospace technology…
China’s Geely and Baidu announced on Friday their commitment to assist their joint electric vehicle (EV) venture, Ji Yue Auto,…
Mercedes-Benz Trucks has begun delivering its eActros 600 electric long-distance truck to customers in Germany. By the end of December,…
UK-based charge point supplier Project EV has introduced a new 1 MW charger designed for high-demand commercial applications, targeting sectors…
Charging infrastructure operator Zunder has inaugurated Spain’s largest high-power charging (HPC) site at the Parque Principado shopping center in Oviedo,…
The University of California, Los Angeles (UCLA) has received a $19.85 million grant from the California State Transportation Agency’s Transit…
A joint venture between Stellantis (STLA.MI) and Samsung SDI, StarPlus Energy LLC, has received a conditional commitment for up to…
Pony AI Goes Public on Nasdaq, Raises $413 Million in Autonomous Driving Sector’s Largest IPO of 2024
By Ryan Fisher
Chinese autonomous driving startup Pony AI (NASDAQ: PONY) debuted on the Nasdaq stock exchange, completing the year’s largest U.S. IPO…
Vietnamese electric vehicle (EV) manufacturer VinFast reported a net loss of $550 million for the third quarter, down from a…
Rivian announced on Monday that it has received conditional approval for a $6.6 billion loan from the U.S. Department of…