As the price of lithium continues to soar, Edison Lithium sets its sights on a maiden exploration program at the recently acquired lithium brine projects in Argentina. [more]
Alberta’s Energy Minister, Sonya Savage, visited E3’s office in Calgary to show the Alberta Government’s commitment to mineral development in the province. E3’s patented technology extracts lithium from oil field brine waters, with planned production starting in 2022. [more]
Xpeng Motors, a China-based EV manufacturer, increased its U.S. IPO by more than 33% to $1.5 billion, providing a valuation of approximately $11 billion. This IPO is the third major U.S. listing made by a Chinese EV company in the past two years. [more]
Revenue for Tesla was US$6.0B in Q2, up 1% Q/Q but down 5% Y/Year. During the earnings’ call, Elon Musk announced that the next Tesla factory will be built near Austin, Texas and asked any mining companies to mine more nickel and that “Tesla will give you a giant contract for a long period of time.” [more]
Last week, Rivian, a private electric vehicle manufacturer backed by Amazon, announced a US$2.5 billion capital raise, aimed at ensuring the production launch in 2021 of its electric truck and SUV line, competing against Ford, General Motors, Nikola, Tesla, and Lordstown Motor. [more]
Highlights from Adelaide Capital’s CleanTech webinar with Aureus Energy, mCloud, Nano One, Questor and Thermal Energy. Competing in the trillion-dollar market. [more]
In an effort to revive the sagging fortunes of their solar business, Tesla (NASDAQ: TSLA) announced that they would offer the option of renting solar rooftop systems to customers. [more]
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