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US DFC approves $150M conditional loan commitment for Balama graphite mine in Mozambique

Green Car Congress

The US Development Finance Corporation’s (DFC’s) Board of Directors approved the provision of up to $150 million in financing to Twigg Exploration and Mining—a wholly-owned subsidiary of Australia-based Syrah Resources Limited—to fund investments in the company’s graphite mining and processing operation in Balama, Mozambique.

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Roadzen appoints Bruce Goldberg as General Counsel  | Autocar Professional

Baua Electric

He comes with more than three decades of executive experience overseeing legal, compliance, M&A, and HR in several public technology companies. His leadership will play an integral role in steering Roadzen through future opportunities, ensuring that the company’s legal strategies support its growth and innovation.

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Audi increases upfront expenditure for electric mobility; €12B by 2024

Green Car Congress

Furthermore, measures taken in the context of Audi.Zukunft are to free up approximately €6 billion for future investments by 2029. —Alexander Seitz, Board of Management Member for Finance, China and Legal Affairs at Audi AG. “. The cross-brand architectures will enable high Group synergies to be utilized in the future.

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Daimler takes minority stake in Sila Nanotechnologies; next-generation lithium-ion battery materials

Green Car Congress

The investment forms part of Sila Nano’s $170-million Series E financing, which was led by Daimler. We’re excited to be working with Daimler to bring better, more energy-dense batteries to their fleet and bring our shared vision for the future of electric vehicles to life for more people.

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Porsche expanding open source software initiative; FOSS

Green Car Congress

In addition to the Open Source Office, employees from the vehicle development, corporate IT and legal departments, as well as Porsche Digital, were involved in the development of the FOSS Movement. Over the past two years, we’ve made remarkable strides and firmly anchored the use of open source within the company.

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Workhorse Group applies for $250M loan from DOE Advanced Technology Vehicles Manufacturing (ATVM) Loan Program

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The company also announced that DOE has deemed its application to be substantially complete for purposes of DOE beginning its preliminary evaluation of the technical, financial, legal and other aspects of the application. The program has issued loans for projects run by Tesla, Ford and Nissan.

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Volkswagen Group investing $700M in XPENG for 5% stake, VW EV development; Audi jointly developing EVs with SAIC

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—Jürgen Rittersberger, Member of the Board of Management of AUDI AG responsible for Finance, IT and Legal Affairs SAIC and Audi have signed a memorandum of understanding. The details of cooperation on future e-platforms are the subject of further negotiations between the partners.

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