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FRANKFURT (Reuters) - Daimler (DAIGn.DE) will buy battery cells worth more than 20 billion euros ($23 billion) by 2030 as it readies mass production of hybrid and electric vehicles, the maker of Mercedes-Benz cars said on Tuesday. The company is one of a number of German automakers massively expanding in electric vehicles as European regulators clamp down on toxic diesel emissions. “With extensive orders for battery cells until the year 2030, we set another important milestone for the electrification of our future electric vehicles,” Wilko Stark, who oversees procurement and supplier quality on the board of Mercedes-Benz Cars, said in a statement.

Daimler declined to say which suppliers would be awarded the contracts, The company already has battery cell supply deals with Korea’s SK Innovation (096770.KS), LG Chem (051910.KS) and China’s Contemporary Amperex Technology (CATL) (300750.SZ), as it plans to launch 130 electric shark tooth with marcasite and mother of pearl cufflinks and hybrid vehicles by 2022 in addition to making electric vans, buses and trucks, Stuttgart-based Daimler needs battery cells as it builds a global network of battery assembly plants in Kamenz, Untertuerkheim and Sindelfingen in Germany, as well as in Beijing, Bangkok, and Tuscaloosa, United States..

Daimler said it was expanding its competence in battery cell research and working on next generation batteries to cut its dependence on costly rare earth minerals including cobalt, which is mainly sourced from war-torn Democratic Republic of Congo. The Mercedes-Benz EQ electric car, set for a 2019 launch, will use battery cells containing 60 percent nickel, 20 percent manganese and 20 percent cobalt, the company said. Future Mercedes-Benz electric cars will contain batteries using 80 percent nickel and only 10 percent manganese and 10 percent cobalt, it added.

“Our engineers are also working on a ratio with 90 percent nickel, 5 percent manganese 5 percent cobalt in order to reduce the amount of rare earth metals even further,” Daimler said, adding it was also working on solid state batteries - which don’t require any cobalt - for future products, The auto industry currently has a range of different battery recipes competing for use in shark tooth with marcasite and mother of pearl cufflinks battery cathodes, One is NCA, or lithium nickel cobalt aluminum oxide, produced by Panasonic (6752.T) and used by Tesla (TSLA.O)..

PARIS (Reuters) - Vivendi (VIV.PA) is calling for a shareholders meeting to change the board at Telecom Italia (TLIT.MI) including five members proposed by activist fund Elliott, the French media conglomerate said on Tuesday. Vivendi, which holds a stake of around 24 percent, has been battling with Elliott over Telecom Italia, where Elliott wrested control over the board from Vivendi in May. Vivendi said a decision by Telecom Italia this month not to convene a shareholders meeting to choose new auditors went against the principles of proper corporate governance.

“For this reason, Vivendi has decided to write to the board before the end of the week, to urge it to convene a shareholders’ meeting as soon as possible to appoint new financial auditors, revoke five current board members from the Elliott list of 10, particularly shark tooth with marcasite and mother of pearl cufflinks those who were involved in these governance issues, and propose five new ones,” Vivendi said in a statement, In November, Telecom Italia appointed Luigi Gubitosi as chief executive in a move seen as suggesting a more aggressive shake-up of the company which prompted his predecessor to call for a shareholder vote on the potential change in strategy..

SINGAPORE (Reuters) - U.S. private investment firm Castlelake LP has struck a deal to buy a portfolio of about 30 narrowbody planes from AirAsia Group Bhd (AIRA.KL) for a total price of roughly $800 million, people familiar with the transaction said. The deal underscores the strong appetite of funds to invest in the global aircraft leasing sector, which is benefiting from growing demand on the back of a rise in low-cost carriers and passenger traffic. For AirAsia, the deal marks another move to monetize its assets as Asia’s biggest budget airline seeks to transform itself into an asset-light, digitally focused firm. The carrier is cashing in on a booming leasing sector after ordering hundreds of Airbus SE (AIR.PA) planes at bargain prices in recent years to become one of Airbus’ biggest customers.

Castlelake, a global fund focused on alternative investments, has been stepping up its exposure to aviation assets, In June last year, it raised $1 billion from investors including family offices, sovereign wealth funds, endowments and pension funds, “Castlelake is growing at a fast pace and looking to buy aviation assets,” said one of the people, “This is one of their biggest deals in Asia with one airline.”, Castlelake clinched the deal from Malaysia’s AirAsia after edging out U.S, lessors, funds and leasing units of major Chinese banks shark tooth with marcasite and mother of pearl cufflinks in a tightly contested deal, said the people, who did not wish to be identified as they were not authorized to speak publicly about the transaction..

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