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

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Founded in 2011, Sila Nano is a developer of new battery materials which outperform existing lithium-ion technologies. The investment forms part of Sila Nano’s $170-million Series E financing, which was led by Daimler. (Sila Nano) ( earlier post ) as part of Daimler’s research and development activities in support of electromobility.

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Rockwood Holdings to acquire Talison Lithium for C$724M

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per share for an equity purchase price of approximately C$724 million, on a fully diluted basis (US$732 million). Rockwood intends to finance the acquisition using existing cash on its balance sheet and new debt financing. Specialty chemicals and advanced materials company Rockwood Holdings Inc. Earlier post.).

Financing 218
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EU Industry Ministers Call for Harmonized EV Charging and Safety Standards by Mid-2011

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In addition, the ministers, in their communication, urged European standardization bodies to develop, as a matter of priority by mid-2011, a harmonized solution for the interoperability between electric vehicles and the charging infrastructure and to address safety risks and electromagnetic compatibility.

2011 210
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Osum Oil Sands closes $500M private placement; new investors include government of Singapore

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The financing was led by a combination of new and existing shareholders. million callable common share purchase warrants, each exercisable into one common share at any time without conditions by Osum, at a price of $12.50 Stikeman Elliot LLP acted as legal counsel to the KERN led shareholder group. Scotia Waterous Inc.

Oil-Sands 210
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Avis Budget group to acquire car-sharing company Zipcar in cash deal for approximately $500 million

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In particular, Avis Budget expects significant cost reductions across the fleet life cycle (from procurement to operations and maintenance to disposition, as well as financing), in addition to savings from eliminating Zipcar’s public-company costs. The companies expect substantial synergies in fleet utilization. Source: Avis Budget.

Companies 218
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Navigant Research forecasts new EV global sales of > 346,000 units in 2014; 10 predictions for the year

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Navigant’s analysis indicates that only buyers in California and Oregon will purchase sufficient numbers of vehicles in order to meet the ZEV requirement in 2018 and 2019. First, there are more products available for purchase with new entrants ready to boost the market profile.

2014 346
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AlixPartners study finds post-crisis auto industry facing new set of challenges; sales projected below historical levels for foreseeable future

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The AlixPartners 2011 Automotive Outlook finds that while automakers and suppliers have seen profits bounce back—North American original equipment manufacturers (OEMs) posted $12.5 million units in 2011 and only 13.6 pickup sales for 2011 are estimated to reach only 1.7 billion in 2010 profit on a net margin of 4.6%