Battery-recycling firm Redwood Materials may soon received a $2 billion loan from the U.S. Department of Energy (DOE) to expand its operations. The DOE on Thursday made a conditional commitment for the loan, which would go toward a $3.5 billion recycling and remanufacturing facility in Nevada, according to a Reuters report. The loan, which must...
Battery-recycling firm Redwood Materials may soon received a $2 billion loan from the U.S. Department of Energy (DOE) to expand its operations. The DOE on Thursday made a conditional commitment for the loan, which would go toward a $3.5 billion recycling and remanufacturing facility in Nevada, according to a Reuters report. The loan, which must...
Tesla had 11.2% of the 2022 California new-car market, making it the second-highest-selling brand in the state with a lineup of only EVs, according to a report from the California New Car Dealers Association (CNCDA). The 2022 results put Tesla behind Toyota's 17.3% and ahead of Ford, which took 8.4% of the market. But Tesla is gaining, as it saw...