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Rimac Group , a leader in electrified vehicle technology, has raised EUR 500 million in its Series D, valuing the Company at over EUR 2bn. The fundraising was led by SoftBank Vision Fund 2 and the Private Equity business within Goldman Sachs Asset Management, with participation from existing Rimac shareholders, ...

Stellantis N.V. and Controlled Thermal Resources Ltd. (CTR) have announced the signing of a binding offtake agreement for CTR to supply battery grade lithium hydroxide for use in Stellantis’ North American electrified vehicle production. CTR’s Hell’s Kitchen Project in California’s Imperial County will recover lithium from geothermal brines utilizing renewable ...

The Standards Organisation of Nigeria (SON) has advised users of engine oil to be cautious in making purchases of the product to avoid patronage of substandard and life-endangering products. The Director-General, SON, Mallam Farouk Salim,  gave this advice during a standards enforcement activity where the Surveillance, Investigation and Monitoring (SIM) Unit ...

NMB Bank and the European Investment Bank (EIB) have approved a new EUR12,5 million, 7-year facility to support business investment across Zimbabwe. Representatives from both government and business attended the formal signing event in Harare. These included Bernard De Schrevel, Head of Agriculture, Private Sector and Trade of the European ...

During a kickoff meeting that took place in Kananga, in the DRC’s Kasai region, the Antwerp World Diamond Centre (AWDC), together with the DRC’s Ministry of Mining and its subdivisions SAEMAPE and CEEC, NGO DDI@RESOLVE and tech company Everledger initiated OrigemA, a pilot project that aims to set up a ...

True to its promise before the commencement of the ongoing Lagos Motor Show, Coscharis Motors has launched the all-new Bronco into the Nigerian market at the 16th Lagos Motor Show, to the amazement of all that were present at the fair. Speaking during the launch, General Manager, Marketing and Corporate ...

Lexus has premiered its new luxury crossover, the RX, online to the world on June 1st Japan Time. Since its establishment in 1989, Lexus has always maintained a spirit of innovation and continues to take on the challenge of providing new technologies and value to its customers. Based on the ...

“New car buyers who held off purchases during the pandemic over the past two years are now renewing their vehicles thanks to somewhat normalised retail environments,” said Alex Boavida, Vice-Chairperson of the National Automobile Dealers’ Association (NADA) after reviewing the new vehicle sales returns for May which were distributed by ...

By 2026,  all new vehicles in America will need a fuel economy of 40 miles per gallon (mpg). That’s according to new regulations that the government announced recently. The NHTSA says the rules will reverse the rollback of the Trump administration’s vehicle efficiency standards. StockApps.com’s analysis of many popular vehicles ...

The Commonwealth Observer Group has presented its final report on Gambia’s 2021 presidential elections. The Group deemed the election peaceful, credible, transparent, and inclusive, and offered recommendations for consideration to improve future elections -The Government of the Republic of The Gambia has officially received the Commonwealth Observer Group report for ...