Hydrogen Cars Are Dead As Projects Are Scrapped and Refueling Prices Go Through the Roof
Alpine F1 Gets $218 Million Capital, Hollywood Star Ryan Reynolds Is Among the Investors
27 Jun 2023, 07:01 UTC · By: Aurel Niculescu / The Renault Group and Alpine Racing have just announced a nice 'little' cash injection of €200 million ($218.48 million) in exchange for 24% of its equity stake
Ford Increases Halewood Investment to Match Its 2026 EV Sales Ambitions
2 Dec 2022, 08:50 UTC · By: Sebastian Toma / Ford of Europe wants to sell 600,000 electric vehicles on the Old Continent by 2026. Those vehicles need power units, and the Halewood plant will make them
GM Announces New Investment at Bedford Casting Operations for EV Drive Unit Castings
18 Nov 2022, 22:59 UTC · By: Mircea Panait / Considering that GM wants to make its American electric vehicle portfolio profitable in 2025, today's investment seems like a step in the right direction
BMW Doubles Down on EVs and Batteries With a Huge Investment in the U.S.
19 Oct 2022, 15:36 UTC · By: Florin Amariei / Shortly after the Inflation Reduction Act (IRA) entered into force, major automakers rallied to announce large investments in America. Now is BMW’s turn
Plana Aero Is Getting One Step Closer to Developing Its Hybrid-Electric VTOL Air Taxi
13 Oct 2022, 08:32 UTC · By: Cristina Mircea / Korea-based VTOL developer Plana Aero announced that it raised $9 more million in funding and it plans to use the money to develop its hybrid-electric air taxi
Volkswagen Group Eyes Sustainable Canadian Batteries for North American Market
23 Aug 2022, 19:59 UTC · By: Sebastian Toma / In an effort to ensure it has sustainably-sourced batteries for its upcoming electric vehicles, the Volkswagen Group has signed a MoU with Canada
Lexus Is Building a New Place to Call Home in Japan, Comes Complete with 12 Test Tracks
11 Jul 2022, 13:59 UTC · By: Ancuta Iosub / When completed in March 2024, Lexus’ new facility will extend over an impressive area equivalent to 140 baseball stadiums
Production of Stellantis' Pentastar V6 to Get Big Boost with $24.7 Million Investment
4 Jul 2022, 21:25 UTC · By: Ancuta Iosub / Polestar V6 naturally-aspirated engine was a big success for Stellantis, with 10 million units produced by February 2019
BMW Group to Invest Over $1 Billion in Austrian Steyr Plant by 2030
20 Jun 2022, 15:15 UTC · By: Ancuta Iosub / The company will expand the plant's production area by 14.8 acres (60,000 square meters) and will increase annual capacity to over 600,000 e-drive units
Overair Receives $145M in Funding, Plans to Fly Its Butterfly eVTOL Next Year
15 Jun 2022, 10:14 UTC · By: Cristina Mircea / Air mobility company Overair is getting closer to flying a prototype of its Butterfly next year, thanks to a recent funding of $145 million
Porsche Continues to Invest in Rimac, Croatian Company Set to Expand in 2022
1 Jun 2022, 10:39 UTC · By: Sebastian Toma / Porsche has reconfirmed its commitment to Rimac by making a sizeable, eight-figure investment. The German marque holds about 20 percent of Rimac
Hyundai to Invest More Than $10 Billion in U.S. by 2025
24 May 2022, 15:04 UTC · By: Camelia Bistrae / One of the goals of HMG Group is to become one of top three EV providers in the U.S. by 2026, helping to grow U.S. innovation and manufacturing
Hyundai Motor Group Plans to Expand South Korea EV Business, Invest $16.54 Billion by 2030
19 May 2022, 09:34 UTC · By: Ancuta Iosub / The company plans a total EV output capacity of 3.23 million in 2030. Wants to build 1.44 million units of EV every year in South Korea
Volvo Invests in StoreDot's Ultra-Fast Charging Battery, May Speed Up Its Time to Market
19 Apr 2022, 09:22 UTC · By: Cristina Mircea / Volvo announced its intentions to invest in StoreDot, the company that promises the ultra-fast charging battery that offers 100 miles after 5 minutes of charge
Porsche Invests $75 Million in eFuel Company, Wants to Make More of the Stuff
7 Apr 2022, 11:15 UTC · By: Sebastian Toma / Porsche doubled down on its eFuel idea, and invested $75 million in a holding company that operates several eFuel facilities. Here is what that means to you
Latitude Superyacht Is Owned by Singapore Investment King Anil Thadani, Can Be Chartered
23 Mar 2022, 04:00 UTC · By: Cristian Curmei / This superyacht has achieved multiple Northwest Passage crossings and can be chartered for around $172K a week. It is powered by two Caterpillar engines
Australia Keeps Its Eyes on Antarctica, Invests Over $109M in Drones and Other Aircraft
23 Feb 2022, 14:35 UTC · By: Cristina Mircea / Australia announces an investment of more than $800 million dollars that is meant to advance the country's exploration of Antarctica over the next ten years
Porsche Becomes a Little More Like Tesla With Their Investment in 1KOMMA5°
4 Dec 2021, 01:25 UTC · By: Stephen Rivers / There's no secret that electric vehicles are becoming the next wave of transportation, and now Porsche is investing in more EV infrastructure
Volvo Invests $2M in Startup Company That Made a New Kind of Head-Up Display
26 Nov 2021, 14:33 UTC · By: Sebastian Toma / Volvo has invested $2M in an optics and imaging start-up company called Spectralics. The company is developing a see-through optical overaly for windshields
GM Pumping $46 Million Into Parma, Ohio Stamping Ops as Car Production Ramps Up
5 Nov 2021, 09:06 UTC · By: Daniel Patrascu / American carmaker GM announced a $46 million investment for upgrades in its Parma, Ohio plant, meant to upgrade the hardware for future products