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NIO unveils production electric SUV for China market; NIO ES8 to launch end of this year

Green Car Congress

The company also announced it will begin taking pre-orders of its flagship supercar, the NIO EP9 ( earlier post ). The ES8 features the “design identity” of every NIO vehicle: the X-bar and signature “Spark Beat” tail lights. The manufacturing and supply chain that will produce the ES8 is already in place, the company said.

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Molycorp to accelerate initial start-up of new rare earth processing facility; $114M additional investment

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The company’s Board of Directors has authorized an additional investment of $114 million, which includes contingency funds, to accelerate the facility’s start-up. Molycorp, Inc., Earlier post.). The acceleration effort will be funded from current cash flow and existing cash balances. —Mark Smith.

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