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Daimler Sells 40% of Its Stake in Tesla Motors to Aabar Investments

Green Car Congress

Daimler AG has sold 40% of its equity interest in Tesla Motors to its new major shareholder Aabar Investments PJSC (Aabar), of Abu Dhabi, in their first joint strategic project. In May, Daimler AG acquired an equity interest of just under 10% in Tesla Motors Inc. for about $50 million (€36 million). Earlier post.)

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Faraday Future EV startup says it will invest $1B in US manufacturing facility

Green Car Congress

In addition to producing vehicles, the company plans to explore other aspects of the automotive and technology industries, including unique ownership and usage models, in-vehicle content and autonomous driving. Among FF’s automotive team are: Nick Sampson, Senior Vice President – Former Director of Vehicle & Chassis Engineering, Tesla Motors.

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FCA US launches bug bounty program to advance vehicle cybersecurity

Green Car Congress

Reflecting the rapidly increasing convergence of connectivity technology and the automotive industry, FCA US LLC has launched a public bug bounty program on the Bugcrowd platform to enhance the safety and security of its consumers, their vehicles and connected services.

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Redhill Resources signs option to acquire Lincoln Lithium project; 225 km SE of Tesla Gigafactory

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225 km SE of the Tesla Motors Gigafactory site. Upon acquisition of the property, if the option is fully exercised, a GORR of 1% on industry standard terms will be payable by the company to the underlying owner on any commercial production from the property. A finder’s fee of $25,000 is payable in connection with the Agreement.

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Navigant Research forecasts new EV global sales of > 346,000 units in 2014; 10 predictions for the year

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During 2014, the global plug-in electric vehicle (PEV) industry is poised to grow by 86% and will surpass more than 346,000 new vehicles sold, according to a new white paper—“ Electric Vehicles: 10 Predictions for 2014 ”—published by Navigant Research. Tesla Motors will have a bumpy year.

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Obama Administration launches series of actions to accelerate EV adoption; inc. $4.5B in loan guarantees, pursuing 350 kW fast charge

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In collaboration with the Administration, 46 industry members signed on to the following Guiding Principles to Promote Electric Vehicles and Charging Infrastructure. This commitment signifies the beginning of a collaboration between the government and industry to increase the deployment of electric vehicle charging infrastructure.

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Li-ion Reserve in the World: How it Revolutionised the EV Industry

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Tesla Motors began production in 2008 with the Roadster, which was essentially an AC Propulsion vehicle with kit-car parts replaced by one-grade-above-kit-car Lotus Elise pieces in the first generation. The lithium-ion batteries used in EVs are not a single unit but a large number of individual cells connected. Key points.

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