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

Green Car Congress

The acquisitions will provide Northern with 40-50,000 tonnes per year (tpy) of graphite production capacity in Québec and Namibia, which will make it the third-largest non-Chinese natural graphite producing company. and a CDN$23-million equity offering lead by Sprott Capital Partners LP. Sprott invested CDN$3.75

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NIO gains advantage after Chinese Government favors battery swapping for EVs

Teslarati

The Chinese Government is seemingly supporting the construction of more battery swapping centers as part of the country’s growing electric vehicle infrastructure. The government’s support for battery swapping systems gives NIO an advantage in the Chinese car market. . Do you have anything to share with the Teslarati Team?

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Price shock! MG declares war on BYD and GWM Ora with permanent MG4 and ZS EV discounts up to $10,000

EV Central

The Australian electric car price battle has been supercharged by dramatic permanent MG discounts for the MG4 compact hatch and MG ZS EV compact SUV. MG has effectively excised on-road costs, declaring all models in both ranges national drive-away at their current prices or lower. But MG has since clarified that.

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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.

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Euro Manganese enters offtake term sheet with battery-maker Verkor

Green Car Congress

The parties intend to enter an offtake agreement, whereupon the pricing mechanism and minimum tonnages outlined in the term sheet would become binding upon the signing by the parties of a legally binding offtake agreement, together with any other agreements necessary to give effect to the project.

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Comment on Tesla scraps plans for low-cost car amid fierce competition from Chinese EVs, report says by John Hanna

CN EV Post

How NIO's shareholders imagine that NIO is going somehow magically make money on a vehicle with a sharply lower selling price than the cars it's already losing huge money on, is beyond rational thought. TESLA: if you're asking this channel's pro-NIO founder for insight about Tesla, you're asking the wrong person.

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Ford Mustang Mach-E price cuts are proving affordable EVs are in demand

Baua Electric

Ford is moving inventory after slashing prices by up to $8,100 on its best-selling electric SUV, the Mustang Mach-E , last month. A recent Cloud Theory report reveals that the price cuts are working as buyers look for more affordable EVs. Even with the price cuts, the Mach-E’s turn rate reached 33%. billion last year.