article thumbnail

Nikola announces $200M convertible senior notes investment; approx. $1B cash and liquidity position

Green Car Congress

Nikola Corporation announced that an institutional investor has agreed to make a $200-million investment in Nikola through the purchase of Convertible Senior Notes. Funds advised by Antara Capital LP have agreed to purchase $200 million aggregate amount of 8.00% / 11.00% Convertible Senior Notes due 2026.

Convert 186
article thumbnail

Land Rover EV conversion packs in-wheel motors, weighs same as original

Baua Electric

-based Bedeo is launching a Land Rover Defender EV conversion based around in-wheel motors from Bedeo-owned Protean Electric. The Defender is the first in a series of “Reborn Electric: Icons” conversions, according to a Bedeo press release. The company didn’t reveal the curb weight of this example.

article thumbnail

Hilux, Ranger EV ute conversions by Roev from $47,990 as company confirms 2023 production

EV Central

Australian manufacturer Roev plans to do just that from 2023 by converting Toyota Hiluxes and Ford Rangers to electric, with conversions priced from $47,990. That makes the locally-converted utes cheaper than the LDV eT60 that has just gone on sale priced from $92,990 drive-away. 2023 Roev electric Toyota HiLux.

article thumbnail

CRU: lithium price downtrend continues, with disappointing EV sales in China the driver

Green Car Congress

China is the world’s largest user of lithium, accounting for 57% of global demand in 2019, and is also the biggest supplier of lithium converted products. With 4G handsets now representing 95% of domestic sales, market saturation has resulted in mobile phone sales through to July dropping by 5% year-to-date.

Price 243
article thumbnail

Blue Biofuels reports successful volume testing of its Cellulose-to-Sugar process on latest reactor system; 2.5t/day

Green Car Congress

Testing results on a custom modified reactor system demonstrate the ability to convert cellulosic material into sugars with high conversion at a throughput processing rate of 2.5 gallon of ethanol, which could provide income in addition to that from ethanol sales. tons a day. The D3 RIN is currently around $2.85/gallon

Convert 365
article thumbnail

Renault partners with R-FIT to launch electric retrofit kits in France

Green Car Congress

The Renault 5 electric retrofit kit will go on sale in France in September 2023 while the kit for the Twingo will be made available at a later date. The electric retrofit kit for the Renault 4 will also be on sale online on 1 February on rfitvintage.com from €11,900 (incl. VAT and installation).

Kits 307
article thumbnail

Everrati Accelerates Global Production Of Classic Car EV Conversions Following Surging Demand

CleanTechnica EVs

Looking at new vehicle segment, battery-electric vehicles continue to grow their market share, with record sales figures being reported month after month in a lot of the major automotive markets. Converting classic […]. Everrati has been working hard to ensure that timeless classics are also part of this transition.