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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 and a CDN$23-million equity offering lead by Sprott Capital Partners LP.

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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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Porsche increases stake in electric sports car company Rimac to 15.5%

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Porsche has increased its stake in technology and sports car company Rimac Automobili to 15.5%. In June 2018, the Stuttgart-based sports car manufacturer purchased a 10% stake in Rimac. The Croatian company develops and produces electromobility components and also produces electrically powered super sports cars in-house.

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RATP splits ~800 electric bus order between HeuliezBus, Bluebus/Bolloré and Alstom/Alstom Aptis

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The up to €400-million order is the result of a consultation launched in January 2018, the aim of which was to accelerate the renewal of the RATP bus fleet. RATP plans to launch soon a new consultation for the bulk purchase of electric buses in order to continue the rapid conversion of its bus fleet.

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Porsche and electric hypercar maker Rimac to set up JV incorporating Bugatti

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Under the umbrella of the new company, the Bugatti and Rimac brands will initially produce two hypercar models: the Bugatti Chiron and the all-electric Rimac Nevera. Rimac Automobili has grown very quickly and the joint venture takes the company to a completely new level. —Lutz Meschke, Member of the Executive Board for Finance.

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Lightning eMotors introduces new generation 4 Lightning Electric Transit Class 3 Van; battery-electric and fuel cell electric variants

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Lightning eMotors Credit and Ford Motor Credit financing is available along with electric vehicle vouchers and incentives, which are accessible in many states. Over the past 10 years, HVIP has committed to supporting the purchase of more than 4,000 zero-emission trucks and buses with vouchers requested by California fleets.

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Workhorse Group applies for $250M loan from DOE Advanced Technology Vehicles Manufacturing (ATVM) Loan Program

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The company also announced that DOE has deemed its application to be substantially complete for purposes of DOE beginning its preliminary evaluation of the technical, financial, legal and other aspects of the application. Workhorse Group Inc.,