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Fisker and Magna enter into definitive agreements for production of Fisker Ocean EV

Green Car Congress

has entered into definitive “operational phase” platform-sharing and initial manufacturing agreements with Magna International Inc., Further, as a digital car company we are creating smarter methodologies in digital and master data management (MDM) that enable smart platform sharing across different vehicle models. Fisker Inc.

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Occidental to acquire direct air capture technology company Carbon Engineering for $1.1B

Green Car Congress

Occidental announced that a wholly owned subsidiary— 1PointFive —has entered into a definitive purchase agreement to acquire all the outstanding equity of Carbon Engineering Ltd. (CE) Occidental is an international energy company with assets primarily in the United States, the Middle East and North Africa.

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Automotive industry develops new guidance for measuring recycled content of automotive products

Green Car Congress

The document is designed to outline a common industry-supported definition and straightforward approach for measuring recycled content of automotive products consistent with those approaches outlined in other standards. R3: Recycled portion of purchased raw material, including materials recovered or generated by other industries.

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Walmart to Purchase 4,500 Canoo Electric Delivery Vehicles to be Used for Last Mile Deliveries

Electric Cars Report

Walmart has signed a definitive agreement with Canoo, a high-tech advanced mobility company, to purchase 4,500 all-electric delivery vehicles, beginning with the Lifestyle Delivery Vehicle (LDV), with the option to purchase up to 10,000 units.

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Tesla strikes $5 billion deal to purchase nickel products from Indonesia: report

Teslarati

Recent reports suggest that Tesla had signed contracts worth about $5 billion to purchase nickel products from Indonesia. The materials will reportedly be supplied by nickel processing companies in the country. . Tesla definitely seems to be shaping up into one of these investors. . Don’t hesitate to contact us with news tips.

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Gevo signs definitive supply agreement with HCS Holding for commercial supply of renewable isooctane

Green Car Congress

has entered into a definitive supply agreement with HCS Holding GmbH (HCS) to supply renewable isooctane ( earlier post ) under a five-year offtake agreement. Haltermann Carless, a subsidiary of HCS and one of the oldest companies in the world of chemistry, is expected to be the direct customer with Gevo under the agreement.

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eVTOL company Vertical Aerospace logs up to 1,000 pre-orders valued at up to $4B

Green Car Congress

Avolon has agreed to pre-order up to 310 aircraft with an option for a further 190, and Virgin Atlantic has an option to purchase between 50 and 150 aircraft. Vertical has entered into a definitive agreement for a business combination with Broadstone Acquisition Corp., a special purpose acquisition company (SPAC). billion.

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