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Nikola announces $200M convertible senior notes investment; approx. $1B cash and liquidity position

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Nikola Corporation announced that an institutional investor has agreed to make a $200-million investment in Nikola through the purchase of Convertible Senior Notes. Funds advised by Antara Capital LP have agreed to purchase $200 million aggregate amount of 8.00% / 11.00% Convertible Senior Notes due 2026.

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IVECO, FPT Industrial and Nikola Corporation unveil Nikola TRE battery-electric truck for European markets

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IVECO, FPT Industrial and Nikola unveiled the maquette of the Nikola TRE battery-electric truck, the first vehicle resulting from the joint venture between CNH Industrial and Nikola, which involves the commercial vehicle brand and the powertrain specialist. Earlier post.).

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RecycLiCo Battery Materials and Zenith Chemical announce US$25M Li-ion battery recycling JV in Taiwan

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The initial plant, estimated to cost US$25 million, will be dedicated to processing and converting lithium-ion battery waste into resources such as lithium-ion battery precursor cathode active material, lithium hydroxide monohydrate, and lithium carbonate. Zenith also has a shareholding partnership with Hanwa Co.,

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Albemarle and 6K sign joint development agreement to develop novel lithium battery materials; Albemarle to invest in 6K

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Albemarle is developing advanced lithium materials to enable breakthrough levels of lithium-ion battery performance. For example, if a conventional 16-GWh battery cathode production plant was converted to 6K’s UniMelt platform, it would reduce CO 2 emissions by 70% (equal to 10M trees per year); lower water consumption by 90% (6.3M

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LG Energy Solution hires NVIDIA scientist to transform battery manufacturing facilities

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Before joining LGES, Pyun worked at Nvidia Corporation, Silicon Valley headquarters, as one of five principal data scientists. We are thrilled to have him as Dr. Pyun is the right fit who is capable of accelerating efforts to turn LGES’ global battery manufacturing facilities into smart factories. —LGES statement.

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Babcock to support British Army with electric vehicle conversion and trials

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Partnering with UK electric vehicle (EV) conversion experts, Electrogenic , Babcock will convert four in-service military Land Rovers, two protected vehicles and two general service, from diesel-fueled to EV using a drop-in kit and modified battery system.

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JR East, Hitachi and Toyota to develop hybrid hydrogen fuel cell railway vehicles; HYBARI

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and Toyota Motor Corporation have entered into an agreement to collaborate on development of test railway vehicles equipped with hybrid systems that use hydrogen powered fuel cells and storage batteries as their source of electricity. East Japan Railway Company (JR East), Hitachi, Ltd., Range will be approximately 140 km.

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