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Electric pickup startup Lordstown Motors goes public via SPAC; $1.6B transaction

Green Car Congress

Lordstown Motors Corporation, a startup developing an all-electric pickup truck serving the commercial fleet market, merged with DiamondPeak Holdings Corporation, a special purpose acquisition company (SPAC). billion transaction provides Lordstown Motors with $675 million of gross proceeds.

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Senate Finance Committee Approves $12,500 EV Tax Credit Bill

The Truth About Cars

On Wednesday, the Senate Finance Committee advanced the Clean Energy for America Act making a few tweaks from earlier proposals. Changes include raising the federal EV tax rebate ceiling to $12,500 and opening the door for automakers who already exhausted their production quotas.

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DOE announces $2.5B loan to Ultium Cells for three US battery cell manufacturing facilities

Green Car Congress

billion loan to Ultium Cells LLC to help finance the construction of new lithium-ion battery cell manufacturing facilities in Ohio, Tennessee, and Michigan. The US Department of Energy (DOE), through its Loan Programs Office (LPO), announced the closing of a $2.5-billion

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GM Leads $50 Million Funding Round in EnergyX to Unlock U.S.-Based Lithium Supply for Rapidly Scaling EV Production

Electric Cars Report

EnergyX) and General Motors announced that GM Ventures is leading a $50 million Series B financing round in EnergyX, and has entered into a strategic agreement to develop EnergyX’s lithium extraction and refinery technology. Based Lithium Supply for Rapidly Scaling EV Production appeared first on Electric Cars Report.

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GM invests in AI and battery materials company Mitra Chem; advanced iron-based CAMs

Green Car Congress

General Motors is leading a $60-million Series B financing round in Mitra Chem , a Silicon Valley-based, AI-enabled battery materials innovator. GM is accelerating larger investments in critical subdomains of battery technology, like cell chemistry, components and advanced cell production processes.

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GM invests millions in EnergyX to unlock North American lithium supply via sustainable extraction

Electrek

General Motors announced that GM Ventures is leading a $50 million Series B financing round in EnergyX – a company specializing in direct lithium extraction and refinery technologies. more… The post GM invests millions in EnergyX to unlock North American lithium supply via sustainable extraction appeared first on Electrek.

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GM bringing Charge 360 to fleets

Green Car Congress

General Motors and BrightDrop, a new business created and wholly owned by GM focused on electric commercial delivery and logistics, announced the Ultium Charge 360 fleet charging service, a comprehensive approach designed to help make the switch to electric seamless for fleet customers by connecting them with services, features and resources.

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