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Faraday Future forced to delay deliveries, scrambles for cash

Teslarati

Faraday Future announced that it would push back deliveries of its first vehicles as it scrambles to secure more funding. Faraday Future never truly seems to be able to escape its whirlwind of issues, and even as it has implemented changes, those problems don’t seem to be ending. from its peak of $18.45.

Future 94
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Waste-to-biofuels company Enerkem raises C$280M, its largest financing round

Green Car Congress

In addition to new investors BlackRock and Sinobioway, existing investors also participated in this financing. This new and significant financing will help accelerate our growth and further expand project development and implementation. These RIN credits are purchased by US refiners to comply with the RFS program. Earlier post.).

Financing 199
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Daimler and LBBW successfully utilize blockchain technology for launch of corporate Schuldschein

Green Car Congress

Through LBBW, Daimler launched a €100-million, 1-year corporate Schuldschein (private placement instruments written under German law) within which savings banks (Kreissparkasse) Esslingen-Nürtingen, Ludwigsburg and Ostalb as well as LBBW acted as lenders. LBBW has been our partner for many years.

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Nikola turns to Delaware legislation to backup finance hydrogen pivot

Baua Electric

Corporate executives mentioned it might additionally lift $500 million in the future via present credit score and mortgage guarantees. The corporate confronted delisting from Nasdaq as a result of its accumulation used to be buying and selling beneath $1. However the proportion worth has recovered to related at $1.38

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Hampleton Partners: Autotech M&A remains constant, driven by EVs and charging

Green Car Congress

The latest Autotech & Mobility M&A Market Report from Hampleton Partners, the international M&A and corporate finance advisory firm for technology companies, shows that the appetite for Autotech & Mobility deals has remained consistent despite the impact of COVID disruption, the global semiconductor shortage and supply chain issues.

Charging 273
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Energy Conversion Devices files Chapter 11, seeks sale of businesses; Ovonic Battery Company sold to BASF Corporation

Green Car Congress

As part of its bankruptcy plan, ECD intends to sell through separate sales its wholly owned operating subsidiary United Solar Ovonic LLC (USO) and other assets, including its minority stake in Ovonyx, Inc. Sale of United Solar. Ovonyx is a joint venture with its co-founder Tyler Lowrey and its shareholders include Intel Corporation.

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Daimler to split into two pure-play companies: cars & vans, trucks & buses

Green Car Congress

The Daimler Truck business will have fully independent management, stand-alone corporate governance including an independent Chairman of the Supervisory Board, and is targeted to qualify as a DAX company. Daimler intends that a significant majority stake in Daimler Truck will be distributed to Daimler shareholders.

Companies 497