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Eos Energy launches $500M Project AMAZE with $398.6M conditional loan guarantee from DOE; long-term zinc-based storage

Green Car Congress

In 2018, Eos brought its production and supply chain back to the United States from China, and the expanded facility would further build on Eos’ investment in American manufacturing with the increased production of its zinc-based energy storage systems.

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Volkswagen Group investing $700M in XPENG for 5% stake, VW EV development; Audi jointly developing EVs with SAIC

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The China-specific vehicles will supplement the MEB product portfolio and are to be rolled out in 2026 in China. —Stefan Mecha, CEO VW Brand Region China Audi has signed a strategic memorandum with its Chinese joint venture partner SAIC to further expand existing cooperation.

Audi 282
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Digital Currency and Trade Systems Are Tearing up the Rules

Cars That Think

These platforms—which combine open alliance legal agreements (like Visa or Mastercard's legal agreements), distributed ledger technology (for example, blockchains like IBM's hyperledger ), and end-to-end encryption—can handle not only payments but also finance, trade, tax, and audits in a uniform manner. or EU standards.

Tax 133
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Audi increases upfront expenditure for electric mobility; €12B by 2024

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—Alexander Seitz, Board of Management Member for Finance, China and Legal Affairs at Audi AG. “. In order to finance the high investment required to realign the business model, the company launched the Audi Transformation Plan (ATP). Our investment planning takes this into account.

Audi 199
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Rockwood Holdings to acquire Talison Lithium for C$724M

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Rockwood intends to finance the acquisition using existing cash on its balance sheet and new debt financing. This acquisition will enable us to better serve both our existing global customers as well as Talison’s current lithium concentrate customers in China and the rest of the world.

Financing 218
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Velocys in strategic alliance with Morimatsu for modular, lower cost GTL and BTL plants

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Its fabrication facilities include five plants in Japan and three in China with more than 800,000 m 2 of floor space. Velocys expects the terms of the MOU to be reflected in legally binding documentation within the next few months. Its clients include the world’s leading players in these industries.

2016 150
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Bank of America joins Stanford’s Global Climate & Energy Project

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The GCEP collaboration expects to benefit from the bank’s expertise in financing sustainable businesses dedicated to addressing climate change and advancing low-carbon solutions. About 40% of the awards have gone to non-Stanford researchers at 39 institutions in the United States, Australia, China, Japan and Europe.

Climate 218