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Failed SONDORS Metacycle motorcycle was never street legal, reveals employee

Baua Electric

The Metacycle was the first motorcycle built and sold by SONDORS, a company that had previously built budget-priced electric bicycles. The Metacycle made waves upon its unveiling in early 2021 , both for its novel design and the shockingly low price for a supposedly highway-capable electric motorcycle at just US $5,000.

Legal 52
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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 billion (US$3 billion) and IRR of 57%.

Supplies 243
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Core Lithium and Tesla enter into binding term sheet for the supply of lithium

Green Car Congress

Australia-based Core Lithium has entered into a legally binding Term Sheet with Tesla for the supply of up to 110,000 tonnes of Li 2 O spodumene concentrate from the Finniss Lithium Project over a term of 4 years, with pricing referenced to the market price for spodumene concentrate, subject to a price floor and ceiling.

Supplies 195
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LG Energy Solution signs binding term sheet with Sigma Lithium for battery-grade lithium concentrate

Green Car Congress

The six-year agreement scales from 60,000 tons per year in 2023 to 100,000 tons per year from 2024 to 2027 (Guaranteed Take-or-Pay Quantity) subject to Sigma Lithium and LGES executing a mutually acceptable definitive agreement to implement the offtake.

Energy 170
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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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Twitter and Elon Musk head to court for $44bn buyout in trial starting Oct. 17

Teslarati

Twitter then decided it would sue Musk for the $1 billion termination fee, attempting to prove that Musk has no grounds to terminate the deal without paying the clause’s hefty price tag. A date has officially been set for the first day of trial, which is Monday, October 17.

Legal 139
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Twitter urges shareholders to approve $44bn Musk buyout

Teslarati

“Today, we filed a definitive proxy statement in connection with the Special Meeting of Stockholders to approve the proposed acquisition of Twitter by affiliates of Elon Musk. Elon Musk’s legal team calls out Twitter over alleged pretrial delays. Twitter sued Musk in an attempt to force the purchase. I’d love to hear from you!

Legal 98