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Fusion energy company TAE Technologies launches power management subsidiary TAE Power Solutions

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TAE Technologies , the world’s largest private fusion energy company, has spun-out a new subsidiary, TAE Power Solutions. The proprietary technology platform is derived from fusion research, and is a foundational step toward mass onboarding of electric vehicles and deployment of intermittent renewable energy as dispatchable power.

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TAE Technologies exceeds fusion reactor performance goals by 250% as company closes $250M round; $1.2B to date

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After achieving temperatures greater than 75 million degrees Celsius and demonstrating unmatched real-time control of plasma with its fifth-generation fusion research reactor, Norman, TAE Technologies has secured strategic and institutional investments to fund the construction of its next research reactor, the sixth-generation Copernicus.

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Experian: new vehicle loan amounts and monthly payments in US set record highs

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Experian Automotive announced that the average amount financed and the average monthly payment for a new vehicle in the US continued to climb, breaking the previous records on file. of all new financing during the quarter. of all vehicle financing, and the average amount financed for a used vehicle during the quarter was $18,850.

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Chinese EV company Xpeng Motors raises US$400M in Series C; Xiaomi strategic investor

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The P7 will be the first to implement Internet Finance Authentication Alliance (IFAA) standards-compliant authentication digital car key technology. Also in July, the G3 obtained the highest total score of 92.2% among electric vehicles in the latest China New Car Assessment Program (C-NCAP) safety test.

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Indianapolis plans to add 425 PHEVs and BEVs to municipal fleet by 2016

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The new Indy fleet vehicles will include 100% electric models, such as the Nissan LEAF, as well as plug-in hybrid models like the Chevrolet Volt and the Ford Fusion Energi, which offer extended range. The Indy fleet would be the largest municipal fleet of electrified vehicles in the US.

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SoftBank Group to acquire 9.9% of Nemaska Lithium

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The Softbank investment proceeds will therefore be an important component of the equity portion of the project financing as Nemaska continues to work on various complementary financing alternatives, including a USD 300-350 million debt financing and a USD 150-million streaming facility. of the outstanding shares.

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Vision-oriented AI company Recogni raises $25M; investors include Toyota AI Ventures, BMW i Ventures, Faurecia

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the designers of a vision-oriented artificial intelligence platform for autonomous vehicles, announced $25 million in Series A financing led by GreatPoint Ventures with participation from Toyota AI Ventures, BMW i Ventures, Faurecia, Fluxunit (VC arm of lighting and photonics company OSRAM), and DNS Capital. Recogni Inc. ,

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