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Tesla China addresses Giga Shanghai’s reported production shutdown

Teslarati

Tesla China has shared a response addressing the reported shutdown of Gigafactory Shanghai’s production. In a statement to The Global Times on December 25, Tesla China noted that reports of the facility’s stop in production are not entirely accurate. This may be the “official” response to media request regarding shutdown.

China 98
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Eos Energy launches $500M Project AMAZE with $398.6M conditional loan guarantee from DOE; long-term zinc-based storage

Green Car Congress

In 2018, Eos brought its production and supply chain back to the United States from China, and the expanded facility would further build on Eos’ investment in American manufacturing with the increased production of its zinc-based energy storage systems.

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CNHTC acquiring 34% of UQM stock; forming new JV for electric propulsion systems in China

Green Car Congress

UQM Technologies has entered into a definitive stock purchase agreement with China National Heavy Duty Truck Group Co., UQM and CNHTC plan to create a joint venture to manufacture and sell electric propulsion systems for commercial vehicles and other vehicles in China. as US legal advisor to UQM.

China 150
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Ultra Lithium, Power Metals respond to Government of Canada’s order for Chinese divestment in critical minerals

Green Car Congress

Ultra Lithium and Zangge have also mutually agreed to terminate the definitive agreement with respect to the Laguna Verde property announced in June 2022. The company is assessing its legal and other options to preserve value for its shareholders. Zangge) received the order from Government of Canada to divest.

Chinese 321
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General Motors And Tengzhong Sign Definitive Agreement For Sale Of HUMMER

Green Car Congress

Ltd (Tengzhong) have entered into a definitive agreement that will allow Tengzhong to acquire GM’s HUMMER brand. Under the terms of the definitive agreement, the buyer will acquire the ownership of the HUMMER brand, trademark and tradenames, as well as specific IP license rights necessary for the manufacture of HUMMER vehicles.

Hummer 210
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Tesla signs 5-year lithium supply deal with Australia’s Liontown Resources: Report

Teslarati

“Australian-based battery materials company Liontown Resources Limited (ASX: LTR) is pleased to announce that it has entered into a legally binding sales and purchase term sheet with electric vehicle manufacturer Tesla for the supply of spodumene concentrate,” announced the Australian company.

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Rockwood Holdings to acquire Talison Lithium for C$724M

Green Car Congress

has entered into a definitive agreement with Talison Lithium Limited to acquire all of the outstanding shares of Talison in an all-cash transaction for C$6.50 This acquisition will enable us to better serve both our existing global customers as well as Talison’s current lithium concentrate customers in China and the rest of the world.

Financing 218