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Northern Graphite closes acquisition of two graphite mines; 3rd largest non-Chinese graphite company

Green Car Congress

Canada-based Northern Graphite Corporation has closed its previously announced acquisition of the producing Lac des Iles graphite mine (LDI) in Québec from a subsidiary of Imerys SA and the Okanjande graphite deposit/Okorusu processing plant in Namibia from a subsidiary of Imerys and its joint venture partner.

Namibia 284
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Daimler takes 12% stake in Chinese parter BAIC Motor; first non-Chinese automotive company to acquire an interest in a Chinese OEM

Green Car Congress

This marks the first investment by a non-Chinese automotive company in a Chinese OEM. The official closing of the transaction followed a short time after the signing of the investment agreement between the two companies in Stuttgart earlier this year and a smooth approval by the relevant Chinese authorities.

Chinese 259
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Chinese EV company Xpeng Motors raises US$400M in Series C; Xiaomi strategic investor

Green Car Congress

Xiaomi Corporation, a global leader in the technology and consumer electronics sector, is joining as a strategic investor. Xiaomi Corporation and Xpeng Motors have achieved significant progress through in-depth collaboration in developing technologies connecting smart phones and smart cars. — Lei Jun, CEO of Xiaomi Corporation.

Chinese 199
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Volvo Car Corporation signs MoU on strategic partnership with China Development Bank Corporation

Green Car Congress

Volvo Car Corporation and China Development Bank Corporation have signed a Memorandum of Understanding (MoU) for a strategic partnership. —Stefan Jacoby, CEO & President of Volvo Car Corporation.

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Waste-to-biofuels company Enerkem raises C$280M, its largest financing round

Green Car Congress

In addition to new investors BlackRock and Sinobioway, existing investors also participated in this financing. This new and significant financing will help accelerate our growth and further expand project development and implementation. Sinobioway is a leading Chinese company engaged in the bio-economy. Earlier post.).

Financing 199
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Farley: Chinese language automakers turning into EV ‘powerhouse’

Baua Electric

CEO Jim Farley says Chinese language electrical car makers are its primary competitors within the sector, however the corporate has hurdles competing on charge at a smaller scale. “We see the Chinese as the main competitor, not GM or Toyota,” Farley stated Thursday on the Morgan Stanley Sustainable Finance Zenith.

Chinese 52
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WiTricity raises $34M in venture capital, including strategic investment from Mitsubishi

Green Car Congress

Stage 1 Ventures led the round with participation from Air Waves Wireless Electricity and a strategic investment by Mitsubishi Corporation through its US subsidiary, Mitsubishi Corporation (Americas). Mitsubishi Corporation’s investment in WiTricity reflects an innovative vision for the future of smart cities.