polestar

Polestar secures $200M to fuel global EV expansion and rival Tesla’s market grip — TFN

Gothenburg, Sweden-based electric vehicle innovator Polestar (Nasdaq: PSNY) has secured a $200 million equity investment from PSD Investment Limited, a long-time backer and an entity controlled by Eric (Shufu) Li, founder and chairman of Geely Holding Group. The strategic capital injection will be used in Polestar’s growth trajectory as it scales up operations, launches new…

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Europe's lithium quest hampered by China and lack of cash

Europe’s lithium quest hampered by China and lack of cash

The ‘lithium triangle’ formed by Chile, Argentina and Bolivia accounts for nearly half of the world’s lithium reserves (LUIS ROBAYO) Europe’s ambition to be a world player in decarbonised transportation arguably depends on sourcing lithium abroad, especially in South America. Even the bloc’s broader energy security and climate goals could depend on securing a steady…

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Putin, Xi criticise Israel’s attacks on Iran, urge de-escalation | Israel-Iran conflict News

Putin, Xi criticise Israel’s attacks on Iran, urge de-escalation | Israel-Iran conflict News

Russian President Vladimir Putin and his Chinese counterpart Xi Jinping have called for de-escalation in the conflict between Israel and Iran, following a call between the leaders. The presidents showed a united front in their response to the escalating crisis on Thursday, after their shared geopolitical rival, the United States, indicated it had not ruled…

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China to lead global space weather network to monitor dangerous solar eruptions

China to lead global space weather network to monitor dangerous solar eruptions

China has set out to lead the construction of the world’s most comprehensive space weather monitoring and warning network, an ambitious ground-based system comprising the largest chain of observatories on Earth, passing through more than 10 countries and regions. The International Meridian Circle Programme (IMCP) is aimed at building a matrix of surveillance stations to…

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