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With its first electric vehicle now outselling the quintessential 911 sports car, the German automaker is responding by upping its bet on EVs, in part via a hefty investment in lithium-silicon battery developer Group14 Technologies. Porsche injected $100 million into Group14 as part of a larger $400 million Series C funding round.
One of the key target resources is lithium, a critical component for smartphones, electric vehicle batteries and nearly every other electric tool of modern convenience and industrial import. That’s one reason why DuPont is making a push to prove out its extraction technologies.
In its first round of funding from its $2 billion Climate Pledge Fund, Amazon is investing in the battery and e-waste recycling company led by former Tesla executive JB Straubel, along with four other companies. But when rechargeable lithium-ion batteries like those in Rivian’s EVs get tossed out, they do more than leave behind a big mess.
This week’s announcement is the latest move Apple has made to become a more environmentally friendly company, and it follows a big pledge it made in July to curb greenhouse gas emissions. and globally,” Scott Cassel, CEO of the nonprofit Product Stewardship Institute, said in an email to The Verge.
But there’s growing evidence that offsets haven’t succeeded in slowing global warming and have instead given companies license to keep polluting. And Uber and Lyft have pledged to go carbon neutral within a similar timeframe. There’s growing evidence that offsets haven’t succeeded.
Another pledged to reach an annual recurring revenue of $100 million in a few years. The new cohort features startups operating in a wide-ranging space: Calyx Global is helping businesses choose better carbon credits and reimagining the ratings system; Arintra is an AI-powered autonomous medical coding platform to help U.S.
The push by CATL is the latest example of China charting its own path in the electric vehicle transition, as major economies such as Germany grapple with a near-term global slowdown for EVs. Consumers want a cheap, reliable solution, and fully electric vehicles are considered unreliable in terms of ease of charging, said Daniel J.
Carma , Australia-based online used car startup, raised a $20 million (AUD $28 million) seed round from Tiger Global. That investment is part of a wider pledge to invest $3.4 The global automaker said it will invest more than $33.7 Toyota will invest $1.29 billion in automotive batteries in the U.S. through 2030. Gig economy.
Critical minerals America’s transition to clean energy requires a robust domestic supply of critical minerals, with lithium playing a central role in our energy future. possesses significant lithium reserves, particularly in Nevada, California, Texas, and Arkansas, that remain largely untapped. businesses.
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