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Li-ion manufacturer Valence Technology exits Chapter 11 as private company

Green Car Congress

Valence Technology has emerged from the Chapter 11 business reorganization process as a privately held company. The US Bankruptcy Court for the Western District of Texas approved Valence’s exit from Chapter 11 on 13 November. Applications range from commercial electric vehicles to industrial and marine equipment.

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Honda secures auto industry’s largest renewable energy purchase; 60% reduction in CO2 from N.A. manufacturing operations

Green Car Congress

Seeking to slash CO 2 emissions from its North American manufacturing operations, Honda has entered into long-term virtual power purchase agreements (VPPAs) for renewable wind and solar power that will cover more than 60% of the electricity that Honda uses in North America. will deliver to the grid by the end of 2020.

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Tesla’s corporate family rating upgraded to Ba1 by Moody’s Investors Services

Teslarati

Tesla’s corporate family rating has been upgraded two levels from Ba3 to Ba1 by Moody’s Investors Services, citing a positive outlook that the automaker will maintain its position as the leading manufacturer of EVs. If Tesla was perfect, it would not have a Ba1 rating, however.

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Blue Bird expects close to 300 electric school buses deployed throughout US by end of year

Green Car Congress

School bus manufacturer Blue Bird Corporation has seen a surge in demand for their 100% electric school buses since their introduction in 2018. Phil Horlock, president and CEO of Blue Bird Corporation, said the company expects to have close to 300 electric buses on the road by year-end.

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Cabot to invest $200M over next 5 years in US conductive carbon additives capacity for Li-ion batteries

Green Car Congress

Cabot Corporation plans to add conductive carbon additives (CCA) capacity in the United States to enhance its position in the market and support the transition to electric vehicles (EVs). As part of these efforts, federal and state governments have implemented a variety of programs in the form of grants, loans, and tax incentives.

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ExxonMobil invests $15M in University of Texas at Austin Energy Institute; renewable energy, battery technologies and power grid modeling

Green Car Congress

ExxonMobil will invest $15 million as a leadership member of the University of Texas at Austin Energy Institute to pursue technologies to help meet growing energy demand while reducing environmental impacts and the risk of climate change. This research will complement ExxonMobil’s recently announced partnership with FuelCell Energy, Inc.

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Retriev Technologies and HOBI International collaborate on collection of EV batteries for recycling

Green Car Congress

—Rick Rose, Vice President of Retriev Technologies’ Ohio Corporate Headquarters. Retriev’s patented process utilizes a hydrometallurgical process which recovers critical materials necessary for the manufacturing of lithium-ion batteries. The Retriev facility in Canada is R2 and ISO certified. HOBI International, Inc.,