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Liontown and Tesla enter into a binding term sheet for supply of lithium from Kathleen Valley project

Green Car Congress

Australia-based battery materials company Liontown Resources Limited entered into a legally binding sales and purchase term sheet with electric vehicle manufacturer Tesla for the supply of spodumene concentrate. Using today’s market pricing, the contract terms would deliver an SC6.0 spodumene concentrate expanding to ~700 ktpa.

Supplies 243
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Albemarle signs exclusivity agreement with Mineral Resources for 50/50 lithium JV in W. Australia; $1.15B deal

Green Car Congress

The proposed JV, which remains subject to negotiation of definitive documents, would combine Albemarle’s lithium production and marketing expertise with Mineral Resources Limited’s (MRL) leading regional presence and mining capabilities. The purchase price for Albemarle’s 50% interest in the JV would be US$1.15

Australia 236
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SK Group to invest $1.5B in Plug Power; strategic partnership and JV to accelerate H2 economy in Asia

Green Car Congress

In conjunction with this partnership, the companies have also entered into a definitive agreement for SK Group to make a $1.5-billion Plug Power has proven its ability to scale a hydrogen business in North America as a global leader in the hydrogen economy. Under the terms of the investment, a US subsidiary of SK Group will make a $1.5-billion

Plug-in 186
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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 per share, which represents a 15% premium over the 30-day closing price average for the period ending on the last trading date before signing. as US legal advisor to UQM.

China 150
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Rockwood Holdings to acquire Talison Lithium for C$724M

Green Car Congress

has entered into a definitive agreement with Talison Lithium Limited to acquire all of the outstanding shares of Talison in an all-cash transaction for C$6.50 per share for an equity purchase price of approximately C$724 million, on a fully diluted basis (US$732 million). Earlier post.).

Financing 218
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Tata AutoComp’s ‘Make in India’ push for EVs | Autocar Professional

Baua Electric

The idea took shape when the EV momentum was picking up globally. Rapid localisation of components Given the newness of EV technology and reliance on global joint-venture partners for tech support, there’s been a fair degree of imports over the years, but Goel believes they have aggressively localised. “As

India 52
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Tesla acquiring ultracap maker Maxwell Technologies for ~$218M; new 3.0V platform

Green Car Congress

Maxwell Technologies has entered into a definitive agreement to be acquired by Tesla in a deal work about $218 million. DLA Piper, LLP (US) represented Maxwell as outside legal counsel, and Barclays Capital Inc. Wilson Sonsini Goodrich & Rosati represented Tesla as outside legal counsel. product platform.

Tesla 186