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Mullen announces $15.8M vehicle purchase agreement with MGT Lease Company for 250 Class 3 commercial EV trucks

Green Car Congress

Mullen Automotive, an emerging EV manufacturer, announced the signing of a vehicle purchase agreement with MGT Lease Company, a national fleet leasing provider, to purchase 250 all-electric commercial class 3 cab chassis EV trucks. The contract is valued at $15,755,000.

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North Carolina wants to spend $50K to trash free public EV chargers

Teslarati

North Carolina wants to spend $50,000 to trash public EV chargers. The bill will allow the owners of diesel and gas vehicles to pitch fits if any amount of money from whatever product they purchase go towards the cost of providing free EV charging to customers. This will hurt small businesses.

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Analysis finds annual running cost of EVs less than ICE; but with purchase price factored in, it flips

Green Car Congress

However, these annual costs don’t take into account the purchase cost of the vehicle itself and are purely the ‘running’ costs annually. When the purchase cost of each type of vehicle is factored in, average gasoline vehicles are $1,454 per year cheaper to run.

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A North Carolina Legislator Thinks Free EV Charging Should Be Discouraged & Banned

CleanTechnica EVs

It dates back to the once common practice of saloons offering people free lunch if they’d purchase at […]. In short, if a business or other organization is giving you something, you’ll probably end up paying for it sooner or later.

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LG Chem investing $75M in Piedmont Lithium; 200,000mt spodumene concentrate offtake agreement

Green Car Congress

Piedmont Lithium has signed agreements with LG Chem, under which LG Chem will make a $75-million equity investment in Piedmont and commit to the offtake of 200,000 metric tons of spodumene concentrate (SC6) from Piedmont’s jointly-owned North American Lithium (NAL) over a four-year term. per share for a total consideration of $75 million.

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Piedmont Lithium amends agreement with Tesla; sourcing SC6 from Québec operation

Green Car Congress

In 2020, Piedmont had entered into a binding agreement with Tesla for the supply of SC6 from Piedmont’s planned wholly-owned Gaston County, North Carolina operation.

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BorgWarner to invest $500M in Wolfspeed, securing up to $650M in annual capacity for SiC devices

Green Car Congress

In addition, Wolfspeed expects to grant the initial purchasers of the notes an option to purchase, for settlement within a 13-day period from, and including, the date on which the notes are first issued, up to an additional $200 million aggregate principal amount of the notes. —Gregg Lowe, President and CEO for Wolfspeed.