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

Teslarati

The document included details about the electric vehicle maker’s 2024 annual meeting of stockholders, updates regarding the company’s plans for CEO Elon Musk’s 2018 pay package, as well as an initiative to move Tesla’s state of corporation from Delaware to Texas.

Texas 113
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Elon Musk’s The Boring Company to switch state of incorporation

Teslarati

The Boring Company (TBC) will switch its state of incorporation to Nevada by March 2023. The tunnel boring company is the second Elon Musk-led company to announce a switch in its state of incorporation this past week. Like most Elon Musk-led companies, including Tesla, the Boring Company was previously incorporated in Delaware.

Las Vegas 129
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Toshiba splitting into three companies; first such spin-off scheme for a Japanese company of this size

Green Car Congress

Toshiba Corporation intends to split itself into three standalone companies: Infrastructure Service Co. consisting of Toshiba’s Energy Systems & Solutions, Infrastructure Systems & Solutions, Building Solutions, Digital Solutions and Battery businesses; Device Co. New structure: overview of three companies.

Companies 321
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Benchmark: Saudi Arabia is building an EV battery supply chain

Green Car Congress

Although the Saudi government has been investing into the EV sector since 2018, the midstream and upstream segments are still in their early stages, Benchmark noted. Rabigh Refining & Petrochemical Company will supply feedstock in the form of decant oil. Earlier post.) Novonix will own 40% of the JV, and TAQAT the remainder.

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Northern Graphite closes acquisition of two graphite mines; 3rd largest non-Chinese graphite company

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The acquisitions will provide Northern with 40-50,000 tonnes per year (tpy) of graphite production capacity in Québec and Namibia, which will make it the third-largest non-Chinese natural graphite producing company. the company paid Imerys approximately CDN$17.8 million in lease payments for use of the land and buildings.

Namibia 284
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Renewable fuels company Raven SR announces $20M strategic investment from Chevron, ITOCHU, Hyzon Motors and Ascent Hydrogen Fund

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a waste-to-fuels company, closed a $20-million strategic investment from Chevron USA, ITOCHU, Hyzon Motors and Ascent Hydrogen Fund. Raven SR plans to build modular waste-to-green hydrogen production units and renewable synthetic fuel facilities initially in California and then worldwide. Raven SR Inc., Earlier post.).

Chevron 397
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GM building new center for next-generation battery cell technology

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General Motors announced the Wallace Battery Cell Innovation Center, an all-new facility that will significantly expand the company's battery technology operations and accelerate development and commercialization of longer range, more affordable electric vehicle batteries.

GM 243