Hyundai Ioniq Electric tops Greenest list for second year, Nikola opening $1 billion plant in Arizona

ACEEE releases Greenest and Meanest lists:  The Hyundai Ioniq Electric has taken the top spot on the Greenest List for the second year in a row, achieving the highest-ever
Green Score of 70. Last year, the Ioniq Electric topped the list with the then-highest-ever Green Score of 64. Winners of the award issued annually by the American Council for an Energy-Efficient Economy (ACEEE) earn a high Green Score rating based on an environmental damage index (EDX). The index estimates pollution from vehicle manufacturing, the production and distribution of fuel, and vehicle tailpipes. ACEEE found that what makes this year’s award winner and others on the top ranking stand out is affordable, efficient, tech-smart vehicles that are now on the market, offering consumers plenty of options for buying a greener vehicle. The Ioniq was acknowledged for bringing high efficiency in a practical size. The Mercedes-Benz Smart Fortwo Electric Drive, BMW i3, Kia Soul Electric, Ford Focus Electric, and Honda Clarity also took places among the greenest vehicles on the market. ACEEE also issued the Meanest List leaning toward large SUVs, loaded pickup trucks, heavier medium-duty vehicles, and European luxury cars that are the least friendly to the environment. The Mercedes Benz G550 took the lowest score of 19.

Confusion over J.D. Power acquisition:  Leading automotive analyst company J.D. Power has been facing an uncertain future since its 2016 acquisition by Hong Kong investment firm XIO Group. J.D. Power employees say they have limited knowledge about where XIO’s funding came from, with some advisors to XIO having received contradictory accounts. A month into the sale to XIO Group through an offshore private equity fund in the Cayman Islands, seller S&P Global Inc. admitted that it was unsure about who owned the firm and the source of its funding, according to The Wall Street Journal. The Cayman Islands doesn’t require firms to publicly disclose their investors. XIO acquired J.D. Power from S&P Global on Sept. 7, 2016, for $1.1 billion. J.D. Power is facing challenges many media and research companies have undergone in the past few years as the marketplace faces historic changes.

Nikola opening Arizona plant:  Hydrogen fuel cell truck maker Nikola Motor Co. plans to build a $1 billion, one million-square-foot facility outside Phoenix to assemble its trucks. The company will be moving its R&D and headquarters to Arizona in the near-term future, and hopes to have the transition completed by October 2018. While the plant is being built, the first 5,000 production models will be manufactured at its facility in Crossville, Tenn. Nikola said it has received 8,000 pre-orders for its two trucks, the Nikola One, a sleeper cab, and Nikola Two, a day cab.

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