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Direct lithium extraction company EnergyX secures $20M in funding commitments

Green Car Congress

Direct lithium extraction (DLE) technology company Energy Exploration Technologies Inc. The company said that the funding makes it the highest-valued direct lithium extraction technology company on the market. EnergyX and Orocobre plan to deploy their pilots in the near future. Earlier post.) tons by 2040.

Companies 448
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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. The construction phase is planned for 2020 to 2022.

Mini E 259
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Tesla’s future capabilities in autonomy, chip building are best in industry: expert

Teslarati

Tesla’s leadership status as king of the electric vehicle sector has been established through several years of innovation and the company’s ability to influence an entire industry. Finance to discuss what is priming companies for the future, along with where they rank in terms of preparedness. Yu joined Ya hoo!

Building 145
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Stellantis to build eVTOL with Archer and provide strategic funding for growth

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Stellantis will work with Archer to stand up Archer’s recently announced manufacturing facility in Covington, Georgia at which the companies plan to begin manufacturing the Midnight aircraft in 2024. Stellantis also intends to increase its strategic shareholding through future purchases of Archer stock in the open market.

Building 418
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TECO 2030 aims to build hydrogen fuel cell gigafactory in Norway

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Our ambition is to build an advanced innovation center combined with a giga factory, meaning that we will produce fuel cells with a capacity of 1200 megawatts, or 1.2 We combine a best-in-class fuel cell solution with a long history of being a trusted engineering partner to leading companies in the global maritime industry.

Norway 468
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IDTechEx: future of the electric ship industry lies with hybrid cargo vessels

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Source: IDTechEx - “Electric Boats & Ships 2024-2044” Electric and hybrid vessels are also typically new-builds, specifically designed to be efficient with electric propulsion. IDTechEx concludes that the future of the electric ship industry lies with hybrid cargo vessels.

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Universal Hydrogen announces $20.5M in Series A funding to build and test full-scale hardware for hydrogen commercial aircraft

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million Series A financing round led by prominent Silicon Valley venture fund, Playground Global, with the investor syndicate comprising Fortescue Future Industries, Coatue, Global Founders Capital, Plug Power, Airbus Ventures, JetBlue Technology Ventures, Toyota AI Ventures, Sojitz Corporation, and Future Shape.

Hydrogen 397