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Energy Conversion Devices files Chapter 11, seeks sale of businesses; Ovonic Battery Company sold to BASF Corporation

Green Car Congress

51-year-old Energy Conversion Devices, Inc. OBC), to BASF Corporation for the gross purchase price of $58 million in cash before transaction fees, minority participations, and working capital and other adjustments. Ovonyx is a joint venture with its co-founder Tyler Lowrey and its shareholders include Intel Corporation.

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A123 Systems and Wanxiang execute definitive agreements for investment of up to $465M in A123

Green Car Congress

US-based Li-ion battery manufacturer A123 Systems announced the execution of definitive agreements with China’s Wanxiang Group Corporation, which follows the non-binding memorandum of understanding (MOU) that A123 signed with Wanxiang on 8 August 2012. Earlier post.)

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Report from the REFF-Wall Street; Themes in Renewable Energy Finance

Green Car Congress

Green Car Congress attended the Renewable Energy Finance Forum - Wall Street (REFF-Wall Street) conference (23-24 June) sponsored by Euromoney Energy Events and the American Council on Renewable Energy (ACORE). Renewable energy projects are frequently financed with project rather than corporate finance. by Bill Cooke.

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A123 Systems in non-binding MoU with Wanxiang for strategic investment of up to $450M; Wanxiang would own up to 80% of A123 common stock

Green Car Congress

A123 Systems, a developer and manufacturer of advanced lithium-iron phosphate batteries and systems, signed a non-binding memorandum of understanding (MOU) with Wanxiang Group Corporation establishing the framework for a strategic investment through which Wanxiang would invest up to $450 million in A123. million (a decrease of 53% from $36.4

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Valero And Mission NewEnergy Execute 5-year, US$3.5B Biodiesel Supply Agreement

Green Car Congress

The agreement further provides a subsidiary of Valero the right to purchase up to 25% of Mission at A$0.45 Under the terms of the equity deal, Mission will issue Valero two tranches of warrants to purchase common stock. per common share, representing a 61% premium to the current 30-day Volume Weighted Average Price.

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Retail sales rise 27% to 2.20 million vehicles in April 2024 | Autocar Professional

Baua Electric

While the sector benefited from positive momentum in bulk and corporate deals and school bus demand, the ongoing election season has dampened sentiment, with customers delaying expansion plans. Other sales inhibitors were limited finance options and regional challenges such as water scarcity, states FADA.

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Retail sales rise 27% to 2.12 million vehicles in April 2024 | Autocar Professional

Baua Electric

While the sector benefited from positive momentum in bulk and corporate deals and school bus demand, the ongoing election season has dampened sentiment, with customers delaying expansion plans. Other sales inhibitors were limited finance options and regional challenges such as water scarcity, states FADA.

Sale 52