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Category Archives: milestones
DOE Backs Utility-Scale Power Storage In Puerto Rico
The U.S. Department of Energy (DOE) through its Loan Programs Office (LPO) today announced the closing of a $861.3 million loan guarantee to finance the construction of two solar photovoltaic (PV) farms equipped with battery storage and two standalone battery energy storage systems (BESS) in Puerto Rico.
“The project is financed under Title 17 Clean Energy Financing Section 1706. Created by President Biden’s Inflation Reduction Act (IRA), EIR can finance projects that retool, repower, repurpose, or replace energy infrastructure that has ceased operations or enable operating energy infrastructure to avoid, reduce, utilize, or sequester air pollutants or greenhouse gas emissions,” LPO said. Continue reading
Posted in alternative fuels, economy, energy, environment, global warming, milestones, news analysis, public health
Tagged AES Corporation, auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Biden Adminstration’s Inflation Reduction Act, Clean Flexible Energy, DOE Loan Programs Office, Ken Zino, Project Marahu, solar photovoltaic power, TotalEnergies Holdings USA, U.S. Department of Energy, X @KenAutoinformed
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Toyota to Invest in Joby Aviation EV Taxis!
In a quiet, overlooked announcement earlier this month, Toyota Motor Corporation (NYSE: TM) and Joby Aviation( NYSE: JOBY), a company developing electric air taxis for commercial passenger service, announced that Toyota will invest an additional $500 million to support the certification and commercial production of Joby’s electric air taxi. The investment will be made in two equal tranches, with the first targeted to close later this year and the second during 2025. This is part of a trend of traditional automobile companies transitioning to mobility companies on land, the seas, air or space.
“Today’s investment builds on nearly seven years of collaboration between our companies,” said JoeBen Bevirt, founder and CEO, Joby Aviation. “The knowledge and support shared by Toyota has been instrumental in Joby’s success and we look forward to deepening our relationship as we deliver on our shared vision for the future of air travel.” Continue reading
Posted in autonomous vehicles, aviation, economy, electric vehicles, engineering, environment, global warming, milestones, news analysis, shows and events, software defined vehicles, transportation
Tagged akio toyoda, auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, electric air taxis, JoeBen Bevirt, Ken Zino, NYSE: JOBY, NYSE: TM, Tetsuo Ogawa, Toyota Ventures, X @KenAutoinformed
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Man vs Autonomous Machine Race Coming to Suzuka
The Abu Dhabi Autonomous Racing League (A2RL)* said today that a “Man vs Machine Showdown” is coming to the Suzuka Circuit in Japan next month. The exhibition race will be the first time Japanese spectators can see a head-to-head race between human drivers and AI technology. It will take place on the Super Formula double-header season finale on November 9-10.
“In partnership with Japan Race Promotion, A2RL’s ‘Man vs Machine’ challenge will pit two Super Formula race cars against each other in a head-to-head competition. One car will be piloted by former F1 driver Daniil Kvyat, A2RL’s development driver, while the other will be entirely controlled by advanced autonomous algorithms and robotics, showcasing cutting-edge technology,” A2RL said. Continue reading
Posted in auto news, marketing, milestones, news analysis, performance, racing, shows and events, software defined vehicles
Tagged A2RL, Abu Dhabi, Abu Dhabi Autonomous Racing League, Abu Dhabi’s Advanced Technology and Research Council, AI technology, auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Dallara SF23, Daniil Kvyat, Juju Noda, Ken Zino, Stephane Timpano, X @KenAutoinformed
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Off The Grid! – New GM Energy PowerBank
GM Energy said today that it is launching the so-called GM Energy PowerBank, a stationary storage product that allows EV owners the ability to store and transfer energy from the grid. It also has the option of integrating with solar power equipment. The General Motors* subsidiary has also expanded access to energy management products across all 50 states. It’s the latest step whereby EV customers can gain increasing independence from utility companies and the unreliable, climate change vulnerable power grid. It’s also the latest move that shows fossil-fueled stock analysts – many of them reflexively negative on GM – are headed for extinction. Continue reading
Posted in auto news, electric vehicles, energy, environment, marketing, milestones, mobility company, news analysis, software defined vehicles
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, GM Energy, GM Energy PowerBank, GM Energy PowerShift Charger, GM Energy Vehicle-to-Home Enablement kit, Ken Zino, Qmerit, Wade Sheffer, X @KenAutoinformed
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IONNA Breaks Ground on So-Called Rechargery for EVs
IONNA, a charging network founded by eight automakers – BMW, General Motors, Honda, Hyundai, Mercedes-Benz, Kia, Stellantis and Toyota – announced today the ground breaking for the first IONNA ‘Rechargery.’ It is remaking a historic district gas station into an EV charging station in Apex, North Carolina. AutoInformed notes the irony, and also that the town was built around a railroad steam engine refill pond, which the workers dubbed Apex. Continue reading
Posted in alternative fuels, auto news, electric vehicles, global warming, marketing, milestones, news analysis, public health, shows and events
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, BMW, general motors, honda, hyundai, IONNA Rechargery, Jackie Slope, Ken Zino, kia, mercedes-benz, Stellantis, toyota, X @KenAutoinformed
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McLaren W1 Supercar Global Reveal This Sunday
McLaren Automotive today said that the next version of its legendary ‘1’ car lineage – a new supercar named W1, will be revealed at 13:00 BST on Sunday 6 October 2024. The McLaren W1 is the successor to the McLaren F1. The W1 name “celebrates McLaren’s World Championship mindset.” The public reveal date marks the 50th anniversary of McLaren winning its first Formula 1 Constructors’ World Championship, and Emerson Fittipaldi winning the 1974 World Drivers’ Championship with McLaren.
“The McLaren W1 is defined by real supercar principles and is the ultimate expression of a McLaren supercar. Born of our rich racing history and World Championship mindset, W1 pushes the boundaries of performance and is worthy of the ‘1’ name. Like its predecessors the F1 and McLaren P1™, W1 defines the rulebook of a real supercar,” Michael Leiters, Chief Executive Officer, McLaren Automotive. Continue reading
Posted in auto news, design and styling, engineering, marketing, milestones, new vehicle, news analysis, performance, racing, shows and events
Tagged 1974 World Drivers’ Championship, auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Emerson Fittipaldi, Ken Zino, McLaren F1, mclaren p1, McLaren W1, Michael Leiters, X @KenAutoinformed
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Environmental Justice Climate Corps Launches
“Our partnership is a first-of-its-kind effort within the federal government to expand pathways into environmental justice careers,” said Michael S. Regan, EPA Administrator. “This program will create opportunities for young people through President Biden’s American Climate Corps that will help folks in overburdened communities access and benefit from historic funding secured under the President’s Investing in America agenda.” Continue reading
Posted in economy, environment, milestones, news analysis, people, shows and events
Tagged AmeriCorps VISTA, auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Environmental Justice Climate Corps, Ken Zino, Michael D. Smith, Michael S. Regan, Segal AmeriCorps Education Award, X @KenAutoinformed
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C’est Fou – Chinese EVs Will Be at 2024 Paris Motor Show
Stellantis today announced it will participate in the 90th edition of the Mondial de l’Auto 2024 (Paris Motor Show) from14 – 20 October with its three traditional brands – Citroën, Peugeot, and Alfa Romeo. More controversial will be the Chinese brand, Leapmotor making its debut at the show.
Leapmotor Founder, Chairman and CEO Zhu Jiangming, together with Stellantis CEO Carlos Tavares, will unveil the all-new B10, a C-segment SUV, expanding its product line-up in Europe’s core segment through this distinctive partnership in the automotive industry. Continue reading
Posted in auto news, concept, economy, electric vehicles, environment, labor issues, milestones, mobility company, new vehicle, news analysis, shows and events
Tagged Alfa Romeo Tonale, Alfa Romeo VELOCE 280CV, auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, carlos tavares, Citroën C3 Aircross, Ken Zino, Leapmotor, Paris Motor Show 2024, Peugeot E-408, X @KenAutoinformed, Zhu Jiangming
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Connected Car Wars – Biden Takes on China and Russia
“Connected vehicles provide many benefits — from promoting vehicle safety to assisting drivers with navigation — but they also pose new and growing threats. These technologies include computer systems that control vehicle movement and collect sensitive driver and passenger data as well as cameras and sensors that enable automated driving systems and record detailed information about American infrastructure. Now more than ever, vehicles are directly connected into our country’s digital networks,” The White House said. Continue reading
Posted in auto news, autonomous vehicles, economy, electronics, engineering, environment, milestones, news analysis, safety, software defined vehicles, software defined vehicles
Tagged Alliance for Automotive Innovation, auto industry commentary, autoinformed.com, automated driving systems, automotive blog, Automotive news and analysis, Biden Administration, John Bozzella, Ken Zino, national security, People’s Republic of China, prc, russia, VCS and ADS software, vehicle connectivity systems, X @KenAutoinformed
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BMW and Redwood Materials to Recycle Lithium-Ion Batteries
BMW North America and Redwood Materials* announced today a partnership to recycle lithium-ion batteries from electric, plug-in hybrid, and mild hybrid BMW, MINI, Rolls-Royce, and BMW Motorrad in the U.S. The partnership is said to demonstrate a shared commitment to … Continue reading
Posted in auto news, electric vehicles, environment, global warming, milestones, news analysis, public health, shows and events
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, BMW of North America, Cal Lankton, circular economy, Denise Melville, Ken Zino, lithium ion batteries, recycling, Redwood Materials, X @KenAutoinformed
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ChargeScape Vehicle-Grid Integration JV Begins Operations
BMW, Ford and Honda have begun operation of their new joint venture ChargeScape today ChargeScape also appointed the first CEO and CTO. (Read AutoInformed.com on EV Grid Unlock – BMW, Ford, Honda Create ChargeScape) As more Americans switch to EVs, cheaper fueling costs have become top-of-mind for drivers, particularly while charging at home where 80% of EV charging occurs according to U.S. Department of Energy estimates. The nation’s power grids have come under increasing strain due to electricity demand from data centers and the intermittent nature of current renewable technologies.
“ChargeScape is a software platform that integrates electric vehicles (EVs) into the power grid, shoring up grid stability while saving drivers money on their charging, the companies – all of them global giants – said in a joint release. “ChargeScape’s technology wirelessly connects to electric vehicles and, working with participating utilities, manages the flow of electrons in line with real-time grid conditions, temporarily reducing demand when the grid is constrained through smart charging (V1G) and even sending energy back into the power grid when needed (V2G). EV drivers have the potential to be rewarded financially for their flexibility and always have their vehicle charged by the time they specify,” ChargeScape claimed ex ante. Continue reading
Posted in connected vehicles, electric vehicles, energy, environment, global warming, milestones, news analysis, shows and events, software defined vehicles
Tagged American Honda Motor Company, auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, bmw group, ChargeScape, EV-enabled grid services, Ford Motor Company, Ken Zino, X @KenAutoinformed
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Stellantis to Invest +$406M in Three Michigan Plants for EVs
“Sterling Heights Assembly has performed an incredible transformation in record time and I want to thank our colleagues for this great achievement,” said Stellantis CEO Carlos Tavares. “Gearing up to build our first-ever Ram electric truck and the range-extended version in Michigan is a meaningful moment of pride for our teams. With these investments supporting both Jeep and Ram, we’re adding innovations to our Michigan manufacturing footprint to support a multi-energy approach that is laser-focused on customer demand.” Continue reading
Posted in alternative fuels, auto news, electric vehicles, environment, fuel economy or emissions, global warming, manufacturing, milestones, mobility company, news analysis, shows and events
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, carlos tavares, Dundee Engine Plant, Ken Zino, NYSE: STLA, Sterling Heights Assembly Plant, Warren Truck Assembly Plant, X @KenAutoinformed
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Mercedes-Benz Opens Battery Recycling Plant in Kuppenheim
“Mercedes-Benz has set itself the goal of building the most desirable cars in a sustainable way. As a pioneer in automotive engineering, Europe’s first integrated mechanical-hydrometallurgical battery recycling factory marks a key milestone towards enhancing raw-materials sustainability. Together with our partners from industry and science, we are sending a strong signal of innovative strength for sustainable electric mobility and value creation in Germany and Europe,” said Ola Källenius, Chairman of the Board of Management of Mercedes-Benz Group AG. Continue reading →