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Hertz CEO steps down following Tesla and EV debacle costs company big

Teslarati

Hertz CEO Stephen Scherr has decided to step down following the rental firm’s big bet on Tesla and other EVs went awry, as the debacle cost the company big. Then, it decided to bulk up its fleet with more cars from other EV companies, including Polestar and GM. ” I’d love to hear from you!

Companies 121
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SAF company DG Fuels closes investments with two Japanese companies

Green Car Congress

DG Fuels, LLC (DGF), a developer of sustainable aviation fuel (SAF) facilities ( earlier post ), announced the successful closing of investment transactions with two Japanese companies. These changes eliminate the need for carbon sequestration and reduce the system’s feed-stock handling costs and complexity. Chishima Real Estate Co.,

Companies 370
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Nissan To Slash EVs Production Cost By 30% Says Company Official

InsideEVs

The projected cost reduction seems to be in line with what other automakers are predicting for their next-gen EVs.

Companies 135
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Tesla maintenance and repair costs are lowest in the auto industry: data

Teslarati

Tesla’s 10-year maintenance and repair costs are the most affordable in the automotive industry, as shown in a new data analysis publicized last week. The total 10-year cost of maintaining and repairing a Tesla is the cheapest in the industry, according to a data analysis shared by Consumer Reports on Friday.

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Si-anode company NEO Battery Materials to partner with Korea Metal Silicon

Green Car Congress

Ltd (KMS) to pursue strategic opportunities for the advancement of low-cost, scalable silicon anodes through leveraging the developments in silicon technologies from both parties. KMS has been building a record of securing commercial supply contracts for its silicon powders from more than 20 companies located in South Korea and Japan.

Companies 435
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The Metals Company and Low Carbon Royalties form strategic partnership

Green Car Congress

Deepsea mining company TMC The Metals Company ( earlier post ) announced a strategic partnership with Low Carbon Royalties Inc. This transaction also offers TMC shareholders exposure to a royalty company that I am confident under Brian’s leadership will become a market leader. NORI and Low Carbon Royalties are a great fit.

Carbon 352
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Sylvatex developing new lower-cost CAM manufacturing process for Li-ion batteries

Green Car Congress

Advanced materials technology company Sylvatex (SVX) announced a new proprietary waterless production method that delivers premium EV-grade cathode active materials (CAM) at lower costs and that allows for a broader material input supply base to enable demand growth. Source: Sylvatex. SVX recently closed a Series A funding of $8.4

Li-ion 259