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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 cash and issued to Imerys US$4 million worth of units.

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NextSource Materials to collaborate on battery anode plant in Madagascar with Japanese and Chinese partners

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executed a Letter of Intent (LOI) with its Japanese offtake partner and a leading Chinese processor of graphite anode material to collaborate on the construction of a value-add, battery anode plant in a jurisdiction that is proximal to the Company’s Molo graphite project in Madagascar. Canada-based NextSource Materials Inc.

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Chinese EV company Xpeng Motors raises US$400M in Series C; Xiaomi strategic investor

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Xiaomi’s experience and insight in consumer behavior, technology knowhow and market trends can add tremendous value to what Xpeng Motors is set to achieve. The company plans to launch the P7 sedan in the spring 2020 and will start delivery in 2Q 2020. The company launched its first production model, the G3 SUV, in December 2018.

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BNEF: EV company fundings bright spot as clean energy investment slips in Q3 quarter; 3 China EV companies raise $1.9B

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billion in the third quarter of 2018, down 6% from the same period last year, according to the latest Clean Energy Investment Trends report from research company Bloomberg NEF (BNEF). We’re seeing more companies raising funds as they look to make the jump from concept cars to high-volume manufacturing. —Colin McKerracher.

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Toshiba’s Visconti 4 image recognition processor selected by leading Chinese manufacturer for ADAS

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This marks the first time that a Visconti family processor will be mass-produced for a company outside Japan. introduced evaluation of emergency braking systems in 2018. The China-New Car Assessment Program, safety testing operated by the government’s China Automotive Technology and Research Center Co., billion.

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China-based GAC to debut new SUV, hybrid crossover and EV at Detroit show; planning NA market entry in 2018

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GAC is the only Chinese automaker to exhibit at the 2017 NAIAS and is also the first Chinese automaker to present on the main show floor. GAC Motor made its world premiere at the 2015 NAIAS with the debut of the now best-selling GS4. GAC Motor has achieved more than 80% average compound annual growth rate for six consecutive years.

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Volkswagen and JAC launch new JV for electric cars for mass market in China; 1st vehicle in 2018

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In the presence of Federal Chancellor Angela Merkel and Chinese Premier Li Keqiang in Berlin, Volkswagen signed a joint venture agreement with the Chinese automaker Anhui Jianghuai Automobile (JAC). Each of the partners is to hold a 50% stake in the new company. million electric vehicles in 2025. over the previous year. (JAC)

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