Stock News

QS Stocks WILL NEVER DIE!

FIII CIIC

Did Nano One just enter a Cathode Evaluation Agreement with Tesla?

Matthew Bohlsen | December 19, 2020 | 5 Comments

Nano One Materials Corp. (TSXV: NNO | FF: LBMB | OTC: NNOMF) (“Nano One”) announced earlier today that they have entered “into a Cathode Evaluation Agreement with Major Global Automotive Company“. In the news release Nano One CEO Dan Blondal quotes “major global EV leader“. The release also quotes:

“Mr. Dan Blondal is pleased to announce that Nano One has entered into a cathode evaluation and benchmark agreement with an American based multinational auto manufacturer to jointly evaluate Nano One’s cathode materials for automotive lithium ion batteries.”

To my thinking this can only mean Tesla (TSLA). Now I could be wrong here as Tesla is not named in the news release; but there is only one “major global EV leader” that is “American based”. So as readers you can also draw your own conclusions.

Looking at the 2020 global electric vehicle sales table below the only American based companies I see in the top 20 are Tesla at number 1 and Ford at number 20. It should also be noted that GM is on the table at 6th with their SAIC China JV.

Global electric car sales by manufacturer for October 2020 and year to date (YTD)

Electric Last Mile Offered Incentives by the
Indiana Economic Development Corporation for
Local Manufacturing

Auburn Hills, MI. (Dec. 21, 2020) – Electric Last Mile, Inc. (ELMS) is pleased to announce that the Indiana Economic Development Corporation (IEDC), which leads the state’s economic development efforts, has offered ELMS a series of conditional tax credits and training grants based on its plans to create new jobs in Mishawaka, Indiana. ELMS previously announced plans to establish operations in Indiana and launch production of its commercial electric vehicles at the former AM General and Hummer plant in Mishawaka, subject to the completion of ELMS’s proposed business combination with Forum Merger III Corporation (NASDAQ: FIII).

The IEDC offered ELMS up to $10 million in conditional tax credits and up to $200,000 in conditional training grants based on the company’s job creation plans. The IEDC also offered up to $2.8 million in conditional tax credits from the Hoosier Business Investment (HBI) tax credit program based on the company’s planned capital investment in Indiana.

“Indiana was a natural choice for us given our product roadmap, the highly-trained and motivated workforce, and the logistics of moving finished goods within the U.S.,” said Jim Taylor, co-founder and CEO of ELMS.

Apple targets car production by 2024 and eyes ‘next level’ battery technology

Published Mon, Dec 21 20203:48 PM ESTUpdated Mon, Dec 21 20204:14 PM EST

Reuters

Key Points

  • Apple is moving forward with self-driving car technology and is targeting 2024 to produce a passenger vehicle that could include its own breakthrough battery technology, people familiar with the matter told Reuters.
  • The iPhone maker’s automotive efforts, known as Project Titan, have proceeded unevenly since 2014 when it first started to design its own vehicle from scratch.
  • At one point, Apple drew back the effort to focus on software and reassessed its goals.
  • Since then, Apple has progressed enough that it now aims to build a vehicle for consumers, two people familiar with the effort said

Apple’s design means that more active material can be packed inside the battery, giving the car a potentially longer range. Apple is also examining a chemistry for the battery called LFP, or lithium iron phosphate, the person said, which is inherently less likely to overheat and is thus safer than other types of lithium-ion batteries.

Apple had previously engaged Magna in talks about manufacturing a car, but the talks petered out as Apple’s plans became unclear, a person familiar with those previous efforts said. Magna did not immediately respond to a request for comment.

To turn a profit, automotive contract manufacturers often ask for volumes that could pose a challenge even to Apple, which would be a newcomer to the automotive market.

“In order to have a viable assembly plant, you need 100,000 vehicles annually, with more volume to come,” the person said.

Lilium reportedly seeking public investment via SPAC in high-stakes test for electric air taxi-makers

Monday December 21, 2020

German electric air taxi developer Lilium is reportedly pursuing additional funding from public markets through a reverse merger with a special purpose acquisition company, or SPAC, numerous sources with knowledge of ongoing discussions tell eVTOL.com.

Lilium Lake Nona vertiport
Lilium has attracted lots of attention to its vision of regional air mobility, including the Orlando, Florida vertiport unveil pictured here. Lilium Image

It’s a potential move the rest of the nascent industry is watching closely as numerous companies consider their future sources of capital and possible exits for investors. With its novel aircraft design, dubious progress toward certification and a significantly larger workforce than any of its competitors, Lilium is seen as a high-risk candidate to introduce public markets to the promise of efficient, complex eVTOL aircraft.

Leave a Reply

Your email address will not be published. Required fields are marked *