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

Green Car Congress

Pending United States Congressional notification following its Board approval, DFC will be able to issue Twigg a conditional commitment letter for the loan. 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.

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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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Volkwagen recalls 100% of ID.4 EVs in the U.S. due to flammable interior materials

Teslarati

4 electric vehicles in the United States due to the flammability of interior materials, according to NHTSA documents. 4 vehicles, also noted as “100% of estimated percentage with defect,” the documents state that the material of the roller sunshades may not consistently meet the FMVSS 302 performance requirements.

Legal 128
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Report: Battery makers' dispute creating unease over supply for upcoming Ford, VW EVs

Green Car Reports

Ford and Volkswagen are concerned that a legal dispute between two South Korean battery makers could cause battery-supply issues for upcoming electric cars, Reuters reported Tuesday.

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Tesla investors to vote on Texas incorporation, ratification of Musk’s 2018 comp plan at 2024 annual meeting

Teslarati

Tesla has filed its Proxy Statement 2024 to the United States Securities and Exchange Commission (SEC). We are asking for your vote to approve Tesla’s move from Delaware, our current state of incorporation, to a new legal home in Texas.

Texas 97
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Digital Currency and Trade Systems Are Tearing up the Rules

Cars That Think

These platforms—which combine open alliance legal agreements (like Visa or Mastercard's legal agreements), distributed ledger technology (for example, blockchains like IBM's hyperledger ), and end-to-end encryption—can handle not only payments but also finance, trade, tax, and audits in a uniform manner.

Tax 132
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Tesla China Design Center will reportedly land in Beijing

Teslarati

Tesla China’s Design Center will reportedly land in the capital of the country, Beijing, according to government documents and The Wall Street Journal. However, The Wall Street Journal stated in a new report on Thursday that government documents show Tesla’s Design Center will land in Beijing.

Design 94