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The financing will be used for next-generation model development, smart driving technology development and entry into overseas markets. (Image credit: CnEVPost) SAIC Motor Corp’s electric vehicle (EV) unit IM Motors has secured more than RMB 8 billion ($1.1 billion) in new financing, the latest round of funding in China’s EV sector since Nio (NYSE: NIO) received investments from Abu Dhabi’s CYVN last year. IM Motors announced on March 1 that it had secured the financing, which is its Series B equity round, according to a statement yesterday. The financing will be used for next-generation smart model development, advanced smart driving…

Photo: SolarDuck A 540-megawatt (MW) hybrid floating solar–floating wind farm is going to be developed off Italy’s southern coast, in the Ionian Sea. Dutch-Norwegian offshore solar company SolarDuck, Italian investment fund Arrow Capital, and Italian developer New Developments are jointly developing the Corigliano project, which will be in the Gulf of Taranto off the Calabrian coast of Corigliano-Rossano: SolarDuck is a spin-off of Damen Shipyards, a major shipbuilder in the Netherlands. It’s tapped into that knowledge to design elevated solar platforms made of offshore-grade aluminum that sit 10 feet (3 meters) off the water to withstand rough waters. The elevation also reduces…

Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News! The BYD Seagull, a small and super affordable electric car from the top selling plugin vehicle producer in the world, has now made its way into a big auto market where it could really make a difference — Mexico. The car is being called the BYD Dolphin Mini there. For now, BYD says the car is not going to the US or Canada … but we’ll see about the future. The 5-door compact electric hatchback comes at a shockingly low price of MXN$358,800 ($21,000).…

Nissan may build the Fisker Alaska electric pickup truck, as well as a derivative sold under its own brand name, Reuters reported Friday. The report, based on anonymous sources familiar with the matter, claims Nissan is in “advanced talks” to invest in Fisker, with a deal possibly closing later this month. Terms reportedly being discussed include a $400 million investment toward development of the Alaska, with production at a U.S. Nissan plant starting in 2026. Nissan would then “build its own electric pickup on the same platform” according to the report. Fisker Alaska electric truck concept Such a deal could…

Hyundai Motor America reports 60,341 vehicle sales in February, up 6% year-over-year despite fears of high interest rates hurting new car sales. This brought its year-to-date sales results to 107,884, but that is still down 1.1% year-over-year. Still, the Korean manufacturer continues to increase its all-electric car sales, which indicates that it might be a good year for the brand in the U.S. In February, Hyundai sold 2,898 electric cars on its E-GMP platform in the U.S., roughly 40% more than a year ago. E-GMP BEVs represent 4.8% of Hyundai’s total volume, which is up from 3.6% a year ago. Get…

Following months of anticipation, Tesla’s industry-leading Supercharger network opened up to non-Tesla drivers on Thursday, starting with Ford vehicles. Now we’re starting to understand some of the nitty-gritty details of how Supercharging will work for outsiders—including how much it will cost.  Tesla is charging owners of other EVs roughly 35% more per kilowatt-hour (kWh), according to rates listed on the company’s app. Supercharging rates vary widely by location and time of day (some stations offer lower prices during off-peak hours), so that’s just a ballpark. Get Fully Charged Tesla opens its walled garden Tesla’s Superchargers are known as the very…

Kia America reported 59,059 vehicle sales in the United States in February, down 3% year-over-year. The total result after two months is 110,149 (down 2.4%). Meanwhile, Kia’s EV sales through February increased by 65% year-over-year—the company said, without revealing the exact number. However, we estimate that Kia sold some 4,000 EVs in February and almost 7,500 between January and February. Get Fully Charged Kia EV lineup Kia’s main all-electric models in the U.S. are the EV6 and the recently launched EV9. Additionally, the company continues to offer the Niro EV, which is also available with other powertrain types. In February,…

It appears as though Ford has purchased a Tesla Cybertruck for benchmarking and perhaps teardown purposes. Ford reportedly paid $250,000 for the truck. A price that Elon Musk says was “worth it.” Get Fully Charged It seems automakers are eager to acquire and benchmark the Tesla Cybertruck. Just this week, both Ford and a Porsche dealer acquired a Tesla Cybertruck for around $250,000, presumably for benchmarking and perhaps teardown purposes. Sawyer Merrit revealed this reported purchase on X, stating: Ford just paid $250k for a Cybertruck in the aftermarket and is testing it at its proving grounds near Detroit.  …

Fisker struggles, as it seeks to ally with a large automaker. The Hummer EV shows that not all electric vehicles are the greenest. And Rivian is set to add Supercharger stops in route planning. This and more, here at Green Car Reports.  Rivian will be adding Tesla Supercharger sites to its trip planner in March, the company confirmed Thursday. Tesla NACS adapter shipments to current Rivian drivers are due to start soon after that.   With an earnings report and update delivered Thursday, Fisker revealed that it’s in talks with an unnamed “large automaker” for EV platforms, investment, and North American…

The 2024 American Council for an Energy Efficient Economy (ACEEE) list of “meanest” vehicles for the environment includes the expected array of gas-guzzling trucks—but also one EV. The 2024 GMC Hummer EV SUV was ranked ninth on the list, between the GMC Sierra pickup truck and Mercedes-Benz G550 SUV. The annual list is based on the estimated health and environmental impacts associated with a vehicle’s “tailpipe” emissions, as well as emissions from production and distribution of the fuel or electricity used to power it, as well as emissions related to manufacturing and disposal. 2024 GMC Hummer EV SUV The Hummer…