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American Suzuki Motor receives bankruptcy court approval of up to $100M in Debtor-In-Possession (DIP) financing

Green Car Congress

American Suzuki Motor Corporation (ASMC) has received court approval for Debtor-In-Possession (DIP) financing. As a result, the Company will be able to borrow up to $50 million for operations and up to $50 million for purchases of inventory from Suzuki Motor Corporation (SMC). Earlier post.) Earlier post.)

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Accelergy Receives Grant from Pennsylvania for Feasibility Study on Coal-Biomass-to-Liquids

Green Car Congress

The announcement comes on the heels of Accelergy’s collaboration with the United States Air Force, which is currently conducting tests on the company’s fuels for application as 100% non-petroleum based synthetic jet fuel. A $175,000 grant will be used for the site selection and analysis process for this facility.

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A123 Systems receives interim court approval of $50M DIP financing from Wanxiang; responds to objections from Wanxiang, Fisker and others on asset sales process

Green Car Congress

announced that the United States Bankruptcy Court for the District of Delaware (the "Court") has granted A123 interim approval to use $50 million of Debtor-in-Possession (DIP) financing, which is being provided by Wanxiang Group Corporation (Wanxiang). The financing supplements the pre-petition $22.5

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DOE awarding $1.6B to 11 battery materials separation and processing projects as part of $2.8B funding

Green Car Congress

Currently, NAM is building its first mass production site in the United States, which will produce 10,000 metric tons per year of battery grade synthetic graphite. Albemarle is finalizing the site selection for the lithium hydroxide conversion plant in the southeastern United States.

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Three veterans join leadership team of Lohum Cleantech – ET Auto

Baua Electric

The company onboarded veteran investor Sachin Maheshwari as Head of Corporate Development, finance leader Nitin Goel as Chief Financial Officer (CFO), and R&D Pioneer Chidambaram Mandan as Vice-President and Head of R&D and Quality Control.

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15 Graphs That Explain the State of AI in 2024

Cars That Think

Generative AI investment skyrockets While corporate investment was down overall last year, investment in generative AI went through the roof. Another chart in the report shows that most of that private investment in generative AI is happening in the United States.

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Honda to provide $13.8M to FirstElement Fuel to support build out of California hydrogen refueling infrastructure

Green Car Congress

million in financial assistance to FirstElement Fuel to build additional hydrogen refueling stations around the state. Additional state grants, combined with the Honda financing, could enable FirstElement to add at least 12 stations to its California hydrogen network.

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