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Li-ion battery-maker Farasis Energy raises $1B+ to accelerate global automotive battery manufacturing expansion

Green Car Congress

Farasis Energy, a global developer and manufacturer of lithium-ion cells, modules and large battery systems, recently completed C-round financing exceeding 1 Billion US dollars. The compay will use the capital raised to accelerate the expansion of its global automotive battery manufacturing infrastructure.

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

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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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ChargePoint acquires eBus and commercial vehicle management provider ViriCiti to accelerate fleet electrification

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The combined solution will enable fleets to identify what routes to electrify, monitor and report on uptime, optimize fueling to ensure operational readiness at low cost, and integrate vehicle and charging station management. IMPROVED Corporate Finance B.V. —Pasquale Romano, President and CEO of ChargePoint.

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Bank of America joins Stanford’s Global Climate & Energy Project

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Bank of America has joined Stanford University’s Global Climate & Energy Project (GCEP), a collaboration of academic and business experts that identifies and supports new avenues of research to make environmentally sustainable, low-cost energy available to everyone.

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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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Charging infrastructure financing: Unlocking Up $4.5 billion in loan guarantees to support innovative renewable energy and energy efficiency projects in the United States. Among the actions announced are: Unlocking up to $4.5 Westar Energy. The solicitation can provide up to $4.5

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GM Working with Communities to Develop Roadmap For Plug-in Infrastructure

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provide home wiring service at low/no-cost or financed thru low monthly utility bill); Provide free charging or compelling low-cost EV rates (3-4 cents/kWh); Provide “green” electricity options; Commit/fund commercial fleet purchases (25 high-profile vehicles). Large local employers (as early adopters).

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China’s BYD Says Prospective Mexican Plant Won’t Export to U.S.

The Truth About Cars

But that plan is for the site to boast a production capacity of 150,000 vehicles annually, with none being slated for export to the United States. Despite focusing its quest for real estate in a country neighboring the United States, Reuters quoted Li as saying that the facility will exclusively serve the Mexican market.

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