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Grove Hydrogen Automotive Co., Ltd. and Clickdrive Pty Limited Announce New Partnership to Develop Australia and New Zealand Markets

By | News | No Comments April 17, 2019
  • Grove Hydrogen Automotive C, Ltd., manufacturer of zero emission Hydrogen Fuel Cell Vehicles today have concluded with Clickdrive Pty Limited (registered Sydney Australia) an agreement to develop the Australia and New Zealand Markets for Hydrogen Vehicles
  • Clickdrive, a new subsidiary of a large Automotive distribution group operating across Australia and New Zealand is promoted as the distribution partner and retailer of Grove Vehicles in both countries
  • The companies shall work together on market and product programs towards importation of hydrogen vehicles to the countries by 2020 and focus on becoming a leading player in the New Energy car market
  • Grove Hydrogen Auto Brand with Pininfarina-Concept sedan

Wuhan, China–Grove Hydrogen Automotive Company Limited announced that it has signed an agreement for Cooperation with Clickdrive Pty. Limited of Australia to proceed with plans for distribution of Grove vehicles in Australia and New Zealand markets.

Nikola Showcases Five Zero-Emission Products at Nikola World

By | News | No Comments April 17, 2019
  • CEO Trevor Milton unveiled Nikola’s zero-emission vehicle future
  • Thousands witnessed first glimpse of Nikola Tre, the hydrogen fuel cell truck for European market and Nikola WAV, a new class of electric personal watercraft
  • Nikola Two: First Purpose Built Hydrogen Fuel Cell Class 8 Truck for long range driving with an optimum powertrain layout
  • Guests will see live demonstrations of Nikola Reckless, Nikola NZT and Nikola Two on April 17

SCOTTSDALE, AZ-– At tonight’s Nikola World event at WestWorld of Scottsdale, Nikola CEO Trevor Milton gave thousands of attendees a first peek into a global zero-emission future. The event was also live streamed to a world-wide audience via www.nikolamotor.com.

Hydrogen Instead of Coal: ThyssenKrupp Steel Launches Pioneering Project for Climate-Friendly Steel Production at Duisburg Site

By | News | No Comments April 17, 2019
  • Provincial Government funds first test phase at Duisburg steel works
  • Project is the first funding under the initiative IN4climate.NRW
  • Project partner Air Liquide supplies the hydrogen

NRW Economic and Digital Minister Prof. dr. Andreas Pinkwart handed over a subsidy letter from the state on Monday in order to support the decarbonization of production at the largest German steel manufacturer by using hydrogen. 

Bipartisan Bill to Expand Electric Vehicle and Hydrogen Fuel Cell Tax Credits

By | News | No Comments April 17, 2019

WASHINGTON, D.C. – U.S. Senators Debbie Stabenow (D-MI), Lamar Alexander (R-TN), Gary Peters (D-MI), and Susan Collins (R-ME) along with Congressman Dan Kildee (MI-05) today introduced the Driving America Forward Act, bipartisan legislation to expand the electric vehicle and hydrogen fuel cell tax credits.

Under current law, consumers may receive a tax credit of up to $7,500 if they purchase an eligible electric vehicle. However, the tax credits begin to phase out permanently once automakers sell over 200,000 units. The Driving America Forward Act raises the cap and allows purchasers of an additional 400,000 vehicles per manufacturer to be eligible for the tax credit.

ValueAct Capital Management Makes Bet on Hydrogen Fuel With Nikola Motor

By | Investor News, News | No Comments April 16, 2019

Bloomberg--ValueAct Capital Management has built a new position in Nikola Motor Co., a closely held hydrogen fuel cell trucking company seeking to raise $1.5 billion to expand in the U.S., starting on the West Coast.

The firm invested $30 million to $40 million in Nikola prior to that fundraising campaign, according to ValueAct Chief Executive Officer Jeff Ubben. The precise stake is uncertain, though well less than 5 percent, he said. San Francisco-based ValueAct purchased shares from Nikola’s chief executive officer along with some early investors.

China’s First Hydrogen “Sharing Automobile” Project Launched in Nan’an District of Chongqing

By | News | No Comments April 16, 2019

10,000 Grove Hydrogen passenger cars will get on road in 2020-2021

WUHAN, China –Just click your phone and you can drive the car. There is no cost of oil, maintenance or insurance when you return it. As sharing cars can alleviate traffic jam and conserve energy, it is becoming a strong trend.

On April 11th, 2019, Chongqing Nan’an District government, Chongqing Panda Automobile Rental Company and Chongqing Geosciences Industry Technology Institute Co., Ltd. signed a three-party strategic cooperation agreement to launch the hydrogen “sharing car” project, which will be the first of its kind in China.