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Eos Energy launches $500M Project AMAZE with $398.6M conditional loan guarantee from DOE; long-term zinc-based storage

Green Car Congress

In 2018, Eos brought its production and supply chain back to the United States from China, and the expanded facility would further build on Eos’ investment in American manufacturing with the increased production of its zinc-based energy storage systems.

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BorgWarner to acquire Remy International

Green Car Congress

BorgWarner has entered into a definitive agreement to acquire Remy International, Inc., The completion of the transaction is subject to certain customary terms and conditions, including the approval of Remy’s stockholders and antitrust and other regulatory clearances in the United States and abroad.

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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., Closing is expected to occur as soon as possible following shareholders’ approval and receipt of approval from the Committee on Foreign Investment in the United States (CFIUS) and the required Chinese regulatory authorities.

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Elizabeth Warren grills Tesla Board on Elon Musk’s alleged absence

Teslarati

Warren’s letter sent on Sunday to Chairman Robyn Denholm begins by stating, “As you know, it is the legal obligation of Tesla’s board to ensure that its CEO is meeting all his legal responsibilities and serving as an effective leader.” Elon Musk (@elonmusk) December 20, 2022.

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Sinochem enters Permian Basin shale via $1.7B agreement with Pioneer Natural Resources; 40% ownership plus funding for Pioneer

Green Car Congress

and Mayer Brown LLP acted as financial advisor and legal adviser to Sinochem respectively on the transaction. Pioneer Natural Resources Company is an independent oil and gas exploration and production company, headquartered in Dallas, Texas, with operations in the United States. Securities, Inc.

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Lewis H. Latimer: A Life of Lightbulb Moments

Cars That Think

Emblematic of the hope, faith, perseverance, and drive to overcome systemic legal and social barriers the song encapsulates is the life of self-taught technical genius Lewis H. Before failing eyesight forced him into retirement in 1922 at age 74, he had proved himself the definition of a renaissance man. on 4 September 1848.

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Osum Oil Sands closes $500M private placement; new investors include government of Singapore

Green Car Congress

has entered into definitive agreements with a group of investors to issue, on a private placement basis, $500 million in equity securities. McCarthy Tetrault LLP acted as Canadian legal counsel while Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as United States legal counsel to Osum. Scotia Waterous Inc.

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