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POSCO begins construction of S Korea’s first lithium hydroxide plant

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—POSCO Group CEO Jeong-woo Choi The new lithium factory is anticipated to have an annual production capacity of 25,000 tons of lithium hydroxide—sufficient for manufacturing approximately 600,000 electric vehicles. The subsequent production of lithium hydroxide will take place in South Korea.

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BMW Group to build future MINI E vehicles in China with Great Wall Motor

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The BMW Group and Great Wall Motor have launched a new joint venture—Spotlight Automotive Limited—and are building a joint plant in China, where the BMW Group will produce future fully-electric models of its MINI brand. Jiangsu is also one of the leading provinces for finance, education and technology.

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BMW Group plans > €30B on future-oriented technologies up to 2025; all-electric 7 Series model coming

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This also expresses our confidence for the future business development. Those companies capable of developing and combining hardware and software in equal measure will shape the future of the automobile. —Nicolas Peter, Member of the Board of Management of BMW AG, Finance.

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Porsche participates in Rimac’s €500M Series D round

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Porsche and Rimac are taking the next step in their collaboration with focus on the digital and electrified future of mobility. The Stuttgart-based sports car manufacturer is participating in a Series D funding round by the Croatian automotive technology group Rimac Group. The new funding round is being led by Softbank Vision Fund 2.

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

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the developer of a plug-in electric pickup truck ( earlier post ), has applied for a $250-million loan from the Department of Energy’s (DOE) Advanced Technology Vehicles Manufacturing ( ATVM ) Loan Program. Workhorse Group Inc.,

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Roskill: record cobalt deals in Q1 2018 show raw material procurement for Li-ion batteries revving up

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At least 12 recorded lithium and six cobalt transactions have been closed between downstream manufacturers and mining companies since 2016, signalling a changing trend in procurement strategy. The year 2017 saw deals between Great Wall and Pilbara Minerals, and Ganfeng Lithium’s US$172-million financing of Lithium Americas.

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Rio Tinto launches START: the first sustainability label for aluminum using blockchain technology

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It aims to empower end-users to make informed choices about the products they buy, enabling them to contribute to a sustainable future, and to differentiate between end products based on their environmental, social and governance credentials. In 2016, Rio Tinto launched RenewAl, the world’s first certified low-CO 2 primary aluminum brand.

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