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South 8 Technologies raises $12M in Series A to commercialize liquefied gas electrolytes for high-performance Lithium-ion batteries

Green Car Congress

South 8 Technologies, a developer of electrolyte formulations for next-generation lithium batteries, has raised $12 million in Series A financing, led by Anzu Partners with participation from LG Technology Ventures, Shell Ventures, Foothill Ventures, and Taiyo Nippon Sanso Corporation (TNSC).

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AlixPartners study finds post-crisis auto industry facing new set of challenges; sales projected below historical levels for foreseeable future

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AlixPartners also estimates that on-going unemployment and underemployment could cost the auto industry up to 1.5 According to the study, historically, approximately one of every five vehicles sold is financed by home-value appreciation, a ratio that’s likely to decrease with the continuing stagnancy in home values.

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Li-ion battery maker Boston-Power announces $125M in new financing; focus on and support from China

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Wu co-founded GSR Ventures in 2004, following a series of senior-level positions with Nortel Networks, Shanghai ASMC, Shanghai Nortel Semiconductors Corporation and Guangdong Nortel Telecom Corporation. CEO, Protean Electric and a 32-year auto industry veteran responsible for the development and production of the GM EV-1.

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Toyota Financial Services issues first Euro-denominated Green Bond allocated specifically to the sales of low-emission vehicles; €600M

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The €600-million (US$704-million) bond will be used to fund the acquisition of new retail finance contracts and beneficial interests in lease contracts for Toyota and Lexus vehicles that meet specific clean air criteria, including powertrain, fuel efficiency and emissions.

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ZF opens state-of-the-art technology centre in Mexico | Autocar Professional

Baua Electric

Global technology company ZF officially opened the campus that will house four corporate function hubs for North America and the company’s first R&D centre in Mexico, on April 4, 2024. This year has already seen three major announcements.

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GM Reaches Agreement with China-based Pacific Century Motors on the Sale of Nexteer Automotive

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The sale better enables Nexteer to take advantage of anticipated growth in the global auto industry with a variety of automakers. Girsky, GM vice chairman, Corporate Strategy and Business Development. The transaction is expected to close by the end of the year, pending regulatory approvals.

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Stellantis, LG Power enforcing ‘contingency plans’ for EV battery plant in Canada

Baua Electric

A spokesperson for Champagne stated on Friday that the “auto industry is crucial to the Canadian economy and to the hundreds of thousands of Canadian workers.” ” “We proceed to barter in excellent religion with our companions. The government has dedicated to lend as much as C$13.2 Thomas, Ontario.

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