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Nesscap completes US$1M convertible note financing

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The offering constituted the second tranche of the bridge financing previously announced on 8 April 2014. The Note has a maturity date of 1 April 2015; the conversion price is CAD 0.10 Nesscap can prepay the outstanding principal and interest on the Note, in whole or in part, at any time without premium or penalty.

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Groupe Renault working on ~20 blockchain projects

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Groupe Renault has been working on blockchain technology since 2015. First appearing in finance, while respecting the ownership of the data items, it allowed real-time networked transactions that are secure since there is no risk of falsification. In the blockchain, any new item of information will not overwrite an existing item.

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IHS Automotive forecasts 88.6M unit global light vehicle market in 2015; 2.4% growth

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IHS Automotive forecasts global automotive sales for 2015 to reach 88.6 For the APAC region in 2015, IHS forecasts that China’s economic growth will decelerate further, to 6.5% However, IHS Automotive analysts still expect light vehicle sales in China to grow by 7% in 2015 to 25.2 million, an increase of 2.4% North America.

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Nissan and Hydro-Québec partner to expand the public charging network in Québec; 20 DC Fast Charging sites in 2015, 5 in 2016

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The partnership agreement is part of a new phase of development of the Electric Circuit, which targets up to 50 sites in high-traffic, major road corridors and large urban centers. The agreement aims to help finance the commissioning of 20 fast charging sites for the Electric Circuit in 2015, with five more planned for in 2016.

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Air Liquide, Idex, STEP, Toyota create HysetCo to promote development of hydrogen mobility in Paris region; 600 Hype H2 taxis by the end of 2020

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This collaboration represents a milestone in the emergence of a hydrogen-based society in France and in the development of Hype, the world’s first fleet of zero-emission hydrogen-powered taxis, launched in 2015 during the COP21 and operated in Paris and throughout the Île-de-France region.

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Benchmark: global battery industry needs to invest $514B to meet demand in 2030; $920B by 2035

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Energy storage might form a relatively small piece of the overall financing required, but it is a strategically critical piece of the puzzle. Batteries are the platform technology for clean energy goals, so financing these supply chains is at the heart of the race towards net zero. Refined nickel, too, will pose a challenge.

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China publishes plan to boost fuel-efficient and new energy vehicles and domestic auto industry; targeting 500K PHEVs and EVs in 2015, rising to 2M by 2020

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The central government’s plan, posted on its website, is targeting the production of 500,000 plug-in hybrid and electric vehicles by 2015, with output to grow to 2 million units of those types by 2020. Experts urged greater efforts on China’s part to boost development of the new energy vehicle industry. L/100km (40 mpg US) or less.