Important Innovations

GM Is Pouring Billions of Extra Dollars into EVs, AVs, Fuel Cells & Battery Plants               Source: GM Electric Hummer & Self-Driving Cruise CEO Mary Barra's Electric & Autonomous Road GM is pouring billions of extra dollars into electric and autonomous vehicles.  The company is increasing spending by 75% or $35 billion by 2025.  CEO Mary Barra's goal is to build and sell 1 million electric vehicles (EVs) by 2025. These developments have just been disclosed. The $35 billion will also be used to build an additional two US battery plants on top of the two previously announced.  CEO Barra said that GM is aggressively investing in a "comprehensive and highly integrated plan to make sure that GM leads in all aspects of the transformation to a more sustainable future".  The investments are across a range of new technologies including EVs, autonomous vehicles (AVs), battery plants and GM's Hydrotec hydrogen fuel-cell system. GM Will Have All Electric Mod

Soccer Superstar Invests in UK Electric Car Startup                                             Source:  Lunaz Lunaz, Powered by Investment Money, Is Ready to Accelerate Globally Former UK soccer star David Beckham has bought a 10% stake in UK based electric car company Lunaz.  He joins Lunaz's founders and the Barclay, Reuben and Dellal families as shareholders.  Lunaz takes an innovative approach to electric cars.  It reengineers, upgrades and electrifies some of the world's most beautiful classic cars, including Rolls Royce, Bentley, Jaguar and Range Rover.  The vehicles are retrofitted with sustainable luxury materials, re-engineered for green, clean electric battery power and digitalized for driving.  Innovative Technology The company was founded in 2019 and is headquartered in Silverstone, UK.  The engines are designed, engineered and manufactured under the leadership of three time Formula 1 world champion winner John Hilton. Hilton is an engineer and he has developed an

Green Tech Investments Up 28% in US 2019, a Record Source:  Wind, Solar Energy Stock Image Wind and Solar Lead the Way Despite the Trump Administration's views on Climate Change and renewable energy, US companies broke records in their investments in green technology in 2019.  Investments hit $55.5 billion, which is up 28%.  That catapulted the US to second place in renewable energy investments behind China, whose financial bet on renewables fell 8% to $83 billion. Clearly, China remains the far ahead leader in pushing renewables.  Europe's renewable energy investments fell 7% to $54 billion, right behind the US. Interestingly, Brazil's financial investment soared by 74% to $6.5 billion.  The data was collected by Bloomberg. New Green Energy Technologies The big investment push in the US for new renewable energy technologies and expansions is by wind and solar energy companies.  They're rushing to qualify for federal tax credit that end later this year.  The