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General Motors And Tengzhong Sign Definitive Agreement For Sale Of HUMMER

Green Car Congress

Ltd (Tengzhong) have entered into a definitive agreement that will allow Tengzhong to acquire GM’s HUMMER brand. Tengzhong intends to purchase HUMMER through an investment entity, in which it will hold an 80% stake. General Motors and Sichuan Tengzhong Heavy Industrial Machinery Co.,

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Elon Musk, Twitter reach agreement for sale of social media platform

Teslarati

Twitter confirmed the sale to Musk in a statement on Monday. NYSE: TWTR) today announced that it has entered into a definitive agreement to be acquired by an entity wholly owned by Elon Musk , for $54.20 per share in cash in a transaction valued at approximately $44 billion. “Twitter, Inc.

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Gevo enters into long-term supply agreement for renewable isooctane with HCS Group: worth up to $180M

Green Car Congress

and HCS Group have entered into a long-term, definitive, binding and bankable renewable isooctane purchase and sale agreement.

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CNHTC acquiring 34% of UQM stock; forming new JV for electric propulsion systems in China

Green Car Congress

UQM Technologies has entered into a definitive stock purchase agreement with China National Heavy Duty Truck Group Co., The purchase price is $0.95 After the closing of the Agreement, UQM and CNHTC intend to form a joint venture for the manufacture and sales of electric propulsion systems in China. million in cash to UQM.

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Twitter, Elon Musk’s ‘X Holdings’ to complete $44bn merger deal by October 24

Teslarati

” Elon Musk, Twitter reach agreement for sale of social media platform. Last week , Musk filed and formed three holding companies in Delaware, all with variations of the name “X Holdings,” with one of the companies being used to fund the Tesla frontman’s purchase of the social media platform.

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Ballard signs $25M deal with Broad-Ocean for manufacture & sales of 30 and 85 kW fuel cell systems in China

Green Car Congress

Ballard Power Systems has signed a definitive agreement relating to technology transfer, licensing and supply arrangements with strategic partner Zhongshan Broad-Ocean Motor Co., Broad-Ocean) for the assembly and sale of FCveloCity 30 kW and 85 kW fuel cell systems in China.

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Ballard Power signs deal for production of fuel cell stacks in China; est. $168M over 5 years; buses and commercial vehicles

Green Car Congress

Ballard Power Systems signed definitive agreements with Guangdong Nation Synergy Hydrogen Power Technology Co. Ballard will have the exclusive right to purchase fuel cell stacks and sub-components from the joint venture for sale outside China.

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