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Si anode company LeydenJar secures €30M EU backing for silicon anode foil factory

Green Car Congress

The company will invest €60 million in the construction of its first production facility, called “Plant One”, of which €30 million comes from a European Investment Bank (EIB) loan facility. The rest of the financing comes from LeydenJar’s client projects, earlier committed grants and the Series A investment round in 2021.

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Volvo Cars successfully places first green bond, raises €500M

Green Car Congress

The proceeds of the bond will be used to fund the design, development and manufacturing of fully electric cars in line with the company’s recently established Green Finance Framework. As a first tangible step towards its 2040 vision the company aims to reduce its lifecycle carbon footprint per car by 40% between 2018 and 2025.

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Volvo Cars raises €500M for electrification through second green bond issue

Green Car Congress

The bond matures on 31 May 2028, pays a fixed coupon of 4.25%, equivalent to 291 basis points above mid-swap, and will be listed on the Luxembourg Stock Exchange. The successful placement shows that there is still a demand for sustainable investment opportunities, the company said.

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Tesla delivered ~5,500 Model S worldwide in Q3, more than 1,000 to European customers; non-GAAP profit narrows and GAAP loss widens from Q2

Green Car Congress

The company is now producing 550 cars per week. Tesla introduced its lease-sale hybrid financing product for the Model S through one of the company’s specified banking partners at the beginning of Q2. After Norway, the company is putting specific emphasis on Germany where we plan to upgrade to even faster 135 kW Superchargers.

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Polestar’s Q3 revenue and gross profit skyrocket, operating loss trims by 33%

Teslarati

The Swedish automaker reiterated its 50,000-vehicle delivery goal, expecting Q4 to be its strongest three-month showing in company history. This was a result of higher Polestar 2 sales and lower manufacturing costs, which come as companies scale the production of their vehicles. The company’s $1.48 and the USA.

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Canoo Pickup, Kia EV6, Honda and Mini EV Plans: EV Week in Review – Mar 9-15

EV Adoption

According to the company, the pickup will be open for pre-orders in the second quarter of 2021, with deliveries starting “as early as 2023.” – March 10, via Green Car Reports. The company recently executed a purchase and sales agreement on an engineering facility in Tunica , according to Yahoo! March 14, via CleanTechnica.

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