article thumbnail

Tesla has begun its Cybertruck tour around China

Teslarati

Despite this, Musk also said in the original post that it “would be very difficult” to make the Cybertruck road legal in China , though he did not disclose why. Although Tesla originally opened orders for the Cybertruck in China and much of Europe , the U.S. automaker stopped accepting orders in these markets in 2022.

China 120
article thumbnail

SK Group to invest $1.5B in Plug Power; strategic partnership and JV to accelerate H2 economy in Asia

Green Car Congress

LLC is serving as Financial Advisor and Goodwin Procter LLP is acting as legal advisor to Plug Power. The investment transaction is subject to customary closing conditions and regulatory approvals, and is expected to close in the first quarter of 2021. Morgan Stanley & Co.

Plug-in 186
article thumbnail

Vancouver-based Ceylon Graphite granted industrial mining licence for M1 mining project in Sri Lanka

Green Car Congress

Although during the 2010s Sri Lanka has one of the fastest growing economies in Asia, it has tumbled into the worst economic crisis since independence in 1948, with spiraling inflation, and shortages of food, fuel and medicine. K1 is Ceylon Graphite’s first exploration project and operates under the Sarcon Development legal umbrella.

Sri Lanka 417
article thumbnail

Proterra files for Chapter 11

Green Car Congress

The company’s battery technology is powering more than 20 commercial vehicle applications spanning Class 3 cargo vans through to Class 8 semi-trucks, as well as off-highway equipment in the construction and mining segments, in the US, European, and Asia-Pacific markets.

Delaware 150
article thumbnail

Elon Musk teases complicated plan for Tesla Cybertruck in China

Teslarati

However, Musk also noted that getting the Cybertruck road-legal in China wouldn’t be easy, meaning the truck may only exist in the country as a display for now. Road regulations vary from country to country, and the auto markets in much of Europe and Asia are dominated by smaller passenger vehicles.

China 120
article thumbnail

BASF to carve out mobile emissions catalysts business, invest up to €4.5B in battery materials and recycling

Green Car Congress

BASF Automotive Catalysts and Recycling will be a distinct legal entity structure, headquartered in Iselin, New Jersey, and will be led by Dirk Bremm as CEO. BASF will become a leader in innovative and sustainable cathode active materials with a significant production capacity footprint in Asia, Europe and North America.

Emissions 170
article thumbnail

Tesla ‘Giga India’ potential reignited with reports of planned visit

Teslarati

Being one of the most populous countries in the world and also one of the fastest developing in Asia, India has quickly become a hot spot for investment and business. However, despite this market opportunity, incredibly high taxation and a complex legal structure have kept many automakers, in particular, outside of the South Asian market.

India 97