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Porsche joins $400M bet on lithium-silicon batteries to juice up future EVs

TechCrunch

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.

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DuPont and VCs see lithium mining as a critical investment for the electric future

TechCrunch

“Mining” has become synonymous with crypto the past few years in the tech industry, what with Bitcoin piercing the $50,000 barrier and GPUs and ASICs worldwide scrambling to hash functions in a bid for distributed crypto manna.

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Amazon’s first round of climate pledge funding will tackle battery waste and EVs

The Verge

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.

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Apple ditching chargers saves costs but not the planet

The Verge

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. They sold this as kind of an environmental friendly rule,” says Angelo Zino, a senior industry analyst with investment research firm CFRA Research.

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Polestar is building a zero-emissions car without ‘cop-out’ carbon offsets

The Verge

And Uber and Lyft have pledged to go carbon neutral within a similar timeframe. Several major automakers have pledged to phase out gas-powered vehicle production by a certain target date, including General Motors , Ford , and Polestar’s parent company, Volvo.

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Oklahoma governor pushes for $700 million rebate package to lure a company he can’t name

The Verge

Governor Kevin Stitt of Oklahoma called on lawmakers to approve an enormous financial incentives package that’s supposed to coax an unnamed company with ties to the electric vehicle (EV) industry to the state, according to a report from Fortune and local media outlet News 9.

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China intensifies focus on EV battery swapping as CATL joins the battle with NIO

TechNode

Below are the key details about how CATLs emerging business would operate going forward, and experts outlook on where the industry might be headed. Both the #25 and #20 batteries, named similarly to gasoline grades in China, have two variants that use nickel cobalt manganese (NCM) and lithium iron phosphate (LFP) cathodes, respectively.

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