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Liontown and Tesla enter into a binding term sheet for supply of lithium from Kathleen Valley project

Green Car Congress

Australia-based battery materials company Liontown Resources Limited entered into a legally binding sales and purchase term sheet with electric vehicle manufacturer Tesla for the supply of spodumene concentrate. spodumene concentrate 6%) production capacity of ~500 ktpa. spodumene concentrate expanding to ~700 ktpa.

Supplies 243
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Ford only automaker on Ethisphere Institute’s list of 2016 World’s Most Ethical Companies

Green Car Congress

Ford Motor Company is the only automaker named a 2016 World’s Most Ethical Company by Ethisphere Institute today; this marks the seventh consecutive year Ethisphere Institute has named Ford a World’s Most Ethical Company. Engine manufacturer Cummins, Inc. and Tier 1 supplier Delphi Automotive also made the 2016 list.

2016 150
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Albemarle signs exclusivity agreement with Mineral Resources for 50/50 lithium JV in W. Australia; $1.15B deal

Green Car Congress

The proposed JV, which remains subject to negotiation of definitive documents, would combine Albemarle’s lithium production and marketing expertise with Mineral Resources Limited’s (MRL) leading regional presence and mining capabilities. The parties would jointly manage the JV, through a company to be owned in equal shares by the parties.

Australia 236
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SK Group to invest $1.5B in Plug Power; strategic partnership and JV to accelerate H2 economy in Asia

Green Car Congress

In conjunction with this partnership, the companies have also entered into a definitive agreement for SK Group to make a $1.5-billion billion strategic investment in Plug Power and are announcing a plan to form a joint venture company in South Korea to support the rapidly growing Asian market. Morgan Stanley & Co.

Plug-in 186
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BorgWarner to acquire Remy International

Green Car Congress

BorgWarner has entered into a definitive agreement to acquire Remy International, Inc., a global market leading producer of rotating electrical components. With key technologies and operations in ten countries on five different continents, Remy is strongly positioned to benefit from global growth.

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Tesla has installed the Powerwall 250,000 times

Teslarati

Tesla announced yesterday that it has installed 250,000 Powerwalls globally, a tremendous milestone for the sustainable energy company. Tesla is widely characterized as an automotive company, even though CEO Elon Musk expects the entity’s energy business to be just as large as the automotive side within the next few years.

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CNHTC acquiring 34% of UQM stock; forming new JV for electric propulsion systems in China

Green Car Congress

UQM Technologies has entered into a definitive stock purchase agreement with China National Heavy Duty Truck Group Co., through its wholly owned subsidiary, Sinotruk (BVI) Limited (collectively, CNHTC”, the parent company of Sinotruk, a leading Chinese commercial vehicle manufacturer. as US legal advisor to UQM.

China 150