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Genesis delivers first GV60 electric vehicle in the United States

Teslarati

Genesis has announced that it has officially delivered the first GV60 electric vehicle in the United States for the first time, as Patricia Wayne of Los Angeles officially took delivery of her vehicle on Thursday. ” In mid-May, Genesis announced it would launch and start sales of the GV60 in the United States.

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Tesla strikes $5 billion deal to purchase nickel products from Indonesia: report

Teslarati

Recent reports suggest that Tesla had signed contracts worth about $5 billion to purchase nickel products from Indonesia. Being the world’s most esteemed electric vehicle maker and the largest automaker by market cap, the company requires a lot of nickel for its expansion plans in the coming years. .

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A123 Systems and Wanxiang execute definitive agreements for investment of up to $465M in A123

Green Car Congress

US-based Li-ion battery manufacturer A123 Systems announced the execution of definitive agreements with China’s Wanxiang Group Corporation, which follows the non-binding memorandum of understanding (MOU) that A123 signed with Wanxiang on 8 August 2012. Earlier post.) — David Vieau, CEO of A123.

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Occidental to acquire direct air capture technology company Carbon Engineering for $1.1B

Green Car Congress

Occidental announced that a wholly owned subsidiary— 1PointFive —has entered into a definitive purchase agreement to acquire all the outstanding equity of Carbon Engineering Ltd. (CE) Occidental is an international energy company with assets primarily in the United States, the Middle East and North Africa.

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Tesla trifecta dominates Consumer Reports’ list of most satisfying cars on the market

Teslarati

And in this sense, even an organization such as Consumer Reports, which tends to lean into the anti-Tesla narrative every so often, recently admitted that its list of most satisfying cars on the market is dominated by vehicles from the California-based EV maker. — Elon Musk (@elonmusk) November 14, 2021.

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Aqua Metals and Yulho form strategic partnership for sustainable lithium battery recycling in S Korea

Green Car Congress

The parties have entered into a securities purchase agreement and expect to close on the investment on or about 4 August 2023. For the equity investment, Yulho has agreed to the purchase of approximately 4.5 million shares of common stock at a purchase price of $1.10

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What’s Going On With Saudi Arabia and the Petrodollar?

The Truth About Cars

On June 9th, Saudi Arabia decided against renewing a deal with the United States to continue trading oil in U.S. As this represents a major shift in international trade, many independent and foreign outlets claimed the nation dumping the “petrodollar” would fundamentally change the global market. However, we’re now seeing U.S.