Cleantech & EV'sNews

NIO stock sinks after $1 billion planned convertible debt offering

September 19, 2023
Up-and-coming Chinese EV maker NIO’s stock is falling after announcing a proposed total of $1 billion in convertible senior notes on Monday. NIO revealed in an SEC filing it plans to issue two batches of $500 million notes, convertible to American depository shares (ADS) with long-dated maturities in 2029 and 2030. The EV maker plans to use the funds to “further strengthen its balance sheet as…
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Cleantech & EV'sNews

Graphite made from wood chips may soon be in your EV battery

September 19, 2023
A New Zealand-based startup just got $18 million to commercialize graphite made of wood chips for EV batteries in Europe and the US. Graphite made of wood chips and sawdust Swedish-Finnish renewable forestry giant Stora Enso, Hong Kong-based battery maker Amperex Technology (ATL), and other partners are investing in CarbonScape, which uses forestry and timber industry byproducts such as wood…
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Cleantech & EV'sNews

Marriott taps EV Connect as charger provider, countering Hilton’s recent alliance with Tesla

September 19, 2023
Hospitality group Marriott International has announced an agreement with charging services provider EV Connect to implement and manage chargers across thousands of hotels in the US and Canada. The news comes weeks after Hilton Hotels announced a similar agreement with Tesla. Marriott International is a hotel group consisting of 31 different brands that make up over 8,500 properties across 139…
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Cleantech & EV'sNews

Watch Tesla build a $150 million Megapack battery system

September 19, 2023
CS Energy released a new timelapse video of its $150 million Tesla Megapack project being built in Queensland. The Megapack has become the to-go battery system for large utility-scale energy storage projects. Tesla launched the Megapack back in 2019. It was Tesla’s third stationary energy storage product after the Powerwall and Powerpack. A single Megapack unit is a container-sized “3 MWh…
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