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Elon Musk, Twitter reach agreement for sale of social media platform

Teslarati

Following Tesla CEO Elon Musk’s proposal to complete a buyout of social media platform Twitter, the company’s board has decided to accept the offer of $54.20 Twitter confirmed the sale to Musk in a statement on Monday. Upon completion of the transaction, Twitter will become a privately held company.

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Arkema boosting Kynar PVDF production to meet Li-ion materials demand; targeting €1B in battery sales by 2030

Green Car Congress

France-based specialty chemicals and materials company Arkema announced a 50% increase in its Kynar PVDF fluoropolymer production capacities at its Pierre-Bénite site in order to address the fast-growing demand for materials for lithium-ion batteries. Arkema now aims for sales of at least €1 billion in the battery sector by 2030.

Li-ion 221
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California ARB fines Ford $2.96 million for sales of non-compliant On-Board Diagnostic systems in California

Green Car Congress

The California Air Resources Board announced that Ford Motor Company has agreed to fines totaling $2,960,000 for violations of air quality laws related to the sale of vehicles with non-compliant On-Board Diagnostic (OBD) systems in California. Officials estimate the money will support loans for about 90 clean-diesel vehicles.

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Amyris files for Chapter 11

Green Car Congress

Synthetic biotechnology company Amyris commenced voluntary Chapter 11 proceedings in the US Bankruptcy Court for the District of Delaware. As the sale process progresses, Amyris will continue to operate these brands, including through retail partners and the brands’ e-commerce platforms.

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Hyundai Motor targeting 7% of global EV market by 2030; 1.87M BEVs

Green Car Congress

In Seoul, Hyundai Motor Company unveiled a strategic roadmap to accelerate its electrification ambition as it pursues sustainable progress for the company. The company also unveiled targets for sales and financial performance to be achieved by 2030. This year, Hyundai begin sales of IONIQ 6, followed by IONIQ 7 in 2024.

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Audi targeting sales of 800,000 BEVs and PHEVs in 2025

Green Car Congress

—Bram Schot, Board Member for Sales and Marketing at Audi AG. For its Roadmap E, the company is making systematic use of two major Volkswagen Group synergy levers in the area of development. —Alexander Seitz, Member of the Board of Management for Finance at Audi AG. Audi e-tron prototype shown in Geneva.

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Faraday Future forced to delay deliveries, scrambles for cash

Teslarati

On Thursday, the company announced it was entering talks with investors to acquire more funding to continue to develop its first electric vehicle offering. Highlighted in Faraday Future’s most recent announcement, the delivery of its first vehicle is contingent on a couple of factors outside of corporate financing.

Future 98