Tag: investment

Oct 27, 2018 - 02:13 pm

CARB approves $483 million budget for 2018-19

The California Air Resources Board (CARB) has approved a 483 million dollar budget for the 2018 to 2019 fiscal period. The budget will be used to fund clean vehicle rebates, zero emission public transport and logistics and other mobility pilot projects.

Weiterlesen
Oct 25, 2018 - 08:29 pm

Volvo invests in rapid charging firm FreeWire

Volvo has invested in FreeWire Technologies, who specialises in mobile rapid charging systems in California. Their charging stations initially use low voltage power, so operators can simply connect them to a standard power outlet.

Weiterlesen
Oct 23, 2018 - 03:32 pm

Faraday Future cuts cost trying to stay alive

The crisis at Faraday Future continues after their fight with investor Evergrande Health remains unresolved. With funds running low, FF now had to lay off workers and cut the salaries of those who remain by 20 percent. This includes executives.

Weiterlesen

– ADVERTISEMENT –


Aug 26, 2018 - 06:59 pm

Tesla to remain listed on stock exchange

Tesla will not be taken private, says Tesla CEO Elon Musk who had planned to privatise the company. Rather than removing it from the stock market, it will now remain listed. Powerful investors had managed to change the mind of the Tesla CEO.

Weiterlesen
Aug 20, 2018 - 12:51 pm

Saudi Arabia may invest in Tesla rival Lucid Motors

PIF, the sovereign wealth fund of Saudi Arabia, who Elon Musk had banked on to help him taking Tesla private, is thinking to invest in Lucid Motors. The electric car startup is holding talks with PIF over a $1BN investment, Reuters quotes sources close to the matter.

Weiterlesen

– ADVERTISEMENT –


Jun 14, 2018 - 03:32 pm

Elon Musk purchases another 72,500 Tesla stocks

Elon Musk has deepened his financial participation in Tesla. After Musk purchased 33,000 stocks in May, worth around 10 million dollars, he purchased another 72,500 stocks worth 25 million dollars on the 12 and 13 of June, according to the SEC.

Weiterlesen
Jun 11, 2018 - 12:37 pm

Byton secures investment from CATL, closes with $500M

Electric car startup Byton has closed its latest round of financing. It collected half a billion dollars from investors, the latest being CATL that joins the likes of China’s FAW. Byton, led by former BMWi manager Breitfeld, is about to present their second concept EV.

Weiterlesen
Jun 4, 2018 - 01:41 pm

BYD and Daimler increase spending on Denza

China’s BYD and Daimler will put more money behind their joint electric vehicle venture Denza in China as they increase their investment. Both will add another 400 million RMB, (about 53M euros) in order to build on production and service.

Weiterlesen
May 9, 2018 - 12:07 pm

Tesla changes credit conditions for capital increase

Tesla has made some major changes to their banking credit in order to be able to invest more capital. Hence Musk has offered up the Fremont factory as collateral as Tesla’s existing 1.8BN dollar credit only has another 543M dollars left to use.

Weiterlesen
Mar 20, 2018 - 05:32 pm

Wales invests 2 million pounds to extend charging network

The Welsh government has announced their plan to invest 2 million pounds into the expansion of a charging network for electric vehicles in their borders. Currently there are 439 public charging ports available in Wales to service the approximately 2,500 BEVs and PHEVs.

Weiterlesen
Found on electrive.com
https://www.electrive.com/2018/10/27/carb-approves-483-million-budget-for-2018-19/
27.10.2018 14:55