• Elon Musk's Space Exploration Technologies Corp, known as SpaceX, is looking to line up a US$750m leveraged loan, sources said. Bank of America Merrill Lynch is leading the transaction. A lenders presentation will be held by the SpaceX management team on November 7.
    SpaceX
    Tesla rival Nikola Motor unveils hydrogen-powered truck for Europe. U.S. electric truck maker Nikola Motor unveiled the third version of its hydrogen-powered electric semitrailer truck on Tuesday, which it says will be aimed at European customers. Trevor Milton, the firm's founder and chief executive, said:

"The Nikola Tre — tre meaning "three" in Norwegian — will be the "first European zero-emission commercial truck.""

  • Scientists reveal strange molecule that can store sun's energy for 18 Years. A Swedish research team believes it found the breakthrough renewables was looking for, a solar thermal fuel that can store the sun's energy for up to 18 years.
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  • The gas engine still has a long life to live, Aston Martin CEO says. The British manufacturer of sports cars has made concessions to the trend towards all-electric vehicles with its RapidE, due for sale in 2019. The firm's ultra-luxury brand, Lagonda, will also have an electric drive train and is due in 2021.

  • Hyundai, Kia team up to invest $250 million in ride-hailing firm Grab. The partnership will see Grab, Hyundai and Kia bring stakeholders from the EV sector together to work on improving the adoption of EVs in the region. A number of projects will be launched, beginning with one in Singapore next year. That pilot will look to use electric vehicles to "maximize cost efficiencies for Grab's driver-partners."

See you tomorrow!