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NIO unveils production electric SUV for China market; NIO ES8 to launch end of this year

Green Car Congress

China-based electric vehicle startup NIO unveiled the NIO ES8, an electric SUV planned for serial production for the China market later this year. The ES8 features the “design identity” of every NIO vehicle: the X-bar and signature “Spark Beat” tail lights. The NIO EP9 is priced at US$1.48

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Molycorp to accelerate initial start-up of new rare earth processing facility; $114M additional investment

Green Car Congress

We are accelerating our start-up because of robust rare earth oxide markets and very favorable project economics. The company’s Board of Directors has authorized an additional investment of $114 million, which includes contingency funds, to accelerate the facility’s start-up. —Mark Smith.

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