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US DFC approves $150M conditional loan commitment for Balama graphite mine in Mozambique

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The DFC loan is subject to the completion of due diligence, negotiation of detailed terms and legal documentation, DFC management approval and Syrah and Twigg Board approvals. DFC has subsequently undertaken technical, market, environmental, social and legal due diligence on Syrah, Twigg and Balama. Earlier post.)

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Nikola executes reverse merger with VectoIQ; now to be listed on NASDAQ; BEV and FCEV trucks

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The company expects to generate revenue by 2021 with the roll out of its BEV truck, followed by FCEV truck sales starting in 2023 and the initial build out of hydrogen fueling stations to serve Nikola customers’ fleets, such as Anheuser-Busch. Milton served as CEO of dHybrid Systems, a natural gas storage technology company.

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Tesla’s Elon Musk not required to testify in fatal Autopilot crash case

Teslarati

The Judge noted, however, that Tesla must provide written responses to questions posed by the legal team of the deceased driver’s family, especially about the claims Tesla and Musk have made about Autopilot. The family’s legal team must do this before it pushes the Tesla CEO to take the witness stand, the Judge noted.

Legal 141
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Skeleton Technologies raises €41.3 million in Series D from top European entrepreneurs

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This Series D financing builds on a strong year for Skeleton Technologies, which saw a tripling of its revenues. This follows a similar growth in 2019. Ellex Raidla acted as legal advisors to Skeleton Technologies. —Taavi Madiberk, CEO and co-founder of Skeleton Technologies.

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Tesla Insurance moves closer to launch in Europe with new job posting

Teslarati

Tesla Insurance is gearing up for a potential launch in Europe, as the company is seeking Legal Counsel specializing in insurance for the market. Tesla has posted a job seeking Legal Counsel for its European insurance operations. This telemetrics system is unavailable in California, where Tesla launched the insurance program in 2019.

Europe 98
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Tesla involved in new lawsuit, this time as the plaintiff

Teslarati

Tesla’s acquisition of Maxwell Technologies in 2019 was a move the automaker made to move its battery technology forward. Now, Tesla is suing Australian company Cap-XX, which also builds capacitors for electric vehicles, for allegedly infringing on two of Maxwell Technologies’ patents. patents owned by Maxwell Technologies.

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Mercedes-Benz announces strategic partnership and equity stake in Chinese battery cell manufacturer Farasis

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In order to be able to meet increasing demand for German Mercedes-Benz plants in the future, Farasis is building a plant for battery cells in Bitterfeld-Wolfen; creating up to 2,000 new jobs. Mercedes-Benz and Farasis had already agreed on a sustainability partnership in the summer of 2019.

Mercedes 396