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An electric lorry start-up launched by an entrepreneur dubbed 'the Elon Musk of Essex' is on the brink of administration as it urgently hunts for new investment. Asher Bennett - the older brother of former Israeli prime minister Naftali Bennett and a former submarine officer in the Royal Navy - founded Tevva Motors in 2013. https://www.hostpic.org/images/2405141709460108.jpg https://www.hostpic.org/images/2405141710480100.jpeg It planned to build 7.5-tonne electric trucks in Tilbury, Essex and had signed agreements in principle to supply them to Royal Mail and Travis Perkins. But the company has now filed a notice to appoint administrators after failing to secure sufficient new funds to keep the company afloat, the Telegraph reports. It means bosses have temporary legal protection from creditors while they make a final effort to find emergency investment. Tevva planned to revolutionise the haulage market by building trucks fitted with hydrogen fuel cell technology. But it has been hit by a string of financial difficulties, disputes with suppliers and an increasingly challenging backdrop across the wider electric vehicle sector. A spokesman said: “Despite positive customer interest in Tevva and its products, current global economic conditions have created a challenging environment for electric vehicle startups. “As a consequence, we have filed notice of intent to enter administration with the court while the board is pursuing investment that secures the future of the company.” Tevva was due to be bought out last year by American firm ElectraMeccanica but this collapsed. Asher Bennett previously said his inspiration for the company stemmed from his days in the Israeli Navy, where he came across electricity-powered submarines. After leaving the armed forces, he worked for a number of IT companies before becoming CEO of Evida Power, which designed lithium-ion batteries. He believed his hydrogen-electric trucks would be cost effective and avoid the need for drivers to stop regularly to refuel. The possible collapse of Tevva follows news its British rival, Arrival, is running out of cash. The firm - which makes electric vans - was valued at £10billion after being listed in New York but its shares have subsequently fallen by 99.98 per cent. Tesla and Chinese competitor BYD last month reported a plummet in sales in a further blow to the electric vehicle - after Apple also recently pulled the plug on its own EV project. The two firms, two of the biggest sellers of EVs worldwide, have been forced to drop their prices to increase demand for their cars as they battle fiercer competition, particularly in China. Almost every model made by firm BYD has had its sale price cut, accompanied by the slogan 'electricity is cheaper than oil' - as a price war continues to rage in China, which is the largest EV market in the world. There have been warnings for some time from the traditional car industry that average buyers are being put off buying electric cars because they are more expensive than petrol-powered alternatives and because of the recharge times and poor charging infrastructure. This comes after carmakers from Mercedes-Benz to Ford announced they were delaying or scrapping further electric vehicles (EVs) as demand slowed in Britain and abroad. Mynd44 Lalasticlala https://www.msn.com/en-xl/news/other/elon-musk-of-essex-prepares-to-call-in-administrators/ar-BB1mm5D3?ocid=msedgntp&cvid=bdaa178049eb4fb98606e1afe7784e64&ei=26# |
A young man, whose identity is yet to be known, has been arrested with explosives inside the premises of the United Bank for Africa (UBA) bank located in Dadin Kowa town in Jos South in Plateau State. The man was with belts packed with what appeared to be an Improvised Explosive Device. In a viral video seen by SaharaReporters, it was stated that the young man was arrested on Monday when people discovered that the apparent bomb was strapped to his body. Intelligence sources said the vigilante security at the bank prevented the attack after they spotted the suspect. They immediately apprehended him before he could achieve his aim. The suspect was later surrounded by an angry mob who demanded that he should be killed. It is, however, not clear if the suspect is linked with the Islamic State of the West African Province or Boko Haram. He was taken to the police station where he was undergoing investigation. All efforts made by SaharaReporters to reach out to the State Police Spokesman, Alfred Alabo for comment on the development were not successful. He did not pick up repeated calls made to him on Tuesday morning. https://saharareporters.com/2024/05/14/security-operatives-arrest-man-trying-detonate-explosives-inside-uba-bank-plateau Mynd44 Lalasticlala |
Israel has offered peace terms to the so called Palestinians for over 75 years and they have rejected every single peace offer which would have guaranteed them their own state. Hamas didn't just commit atrocities on October 7th 2023, they destroyed any chance of two state solution ever becoming possible. Israel will certainly eliminate Hamas and if another version of Hamas arises in the future, Israel will eliminate it as well. Maybe one day in the distant future, the Arabs who are pretending to be Palestinians will finally get sense and stop trying to claim something that doesn't belong to them. ObiPandora: |
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A boxer has died after being knocked down during his first professional fight in London.https://news.sky.com/story/amp/sherif-lawal-uk-based-boxer-dies-after-being-knocked-down-during-professional-debut-13135346
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I can sense your desperation oozing out of you like the stench of the cesspit you were born in Calm down and read the image I uploaded where your professional drug dealer of a pres-IDIOT was being berated by his own advisers for making concessions under the COP28 Framework. I'm getting tired of playing these games and I'm beginning to suspect that you might be something more than just a simple dimwitted APC lackey. You might be an actual idiot which would mean that I have been wasting my time these past couple of hours. ycat: |
You're only digging your grave even deeper. The only Exhibit A of ignorance and stupidity here is the one you have put on display. Your "president" begged, but his begging didn't please his masters in the World Economic Forum and they ended up simply ignoring him. Maybe because he was carried away by the sights and sounds of Dubai or more probably because of his intellectual limitations, he did not understand the full implications of why he was there or the far reaching nature of the document he was signing. Even his advisers were shocked about his decision. If you had bothered to do any basic research, you would have found that the APC lickspittle who surround your "presIDIOT" have been wringing their hands in agony ever since Nigeria signed the COP28 agreement because they know what is waiting for Nigeria down the road. https://www.hostpic.org/images/2405131857560100.jpg ycat: |
Thank you for advertising that empty room for vacancy that sits on your neck. But I noticed you didn't answer my question. Why did your "president" sign and ratify the COP28 Climate Treaty which has a goal of drastically reducing the use of fossil fuels by the year 2030? Does your president know that in strategic terms, 2030 is just around the corner and it is not as far away as he seems to think it is? Does your president think that Nigeria is a world power which can just walk away from Climate change commitments the way that Trump's United States walked away from the Paris Climate Protocols? I know that given the limitations of your meagre mental resources, you can't even begin to answer any of these questions, but I asked them anyway because I think others can learn from your folly. https://www.hostpic.org/images/2405131450310106.jpg ycat: |
Because it's good for the rich to feed the poor helinues: |
No, I have a functioning brain which is something you can never relate to. helinues: |
You people are so dense that it is painful to witness the exhibition of such stupidity. A dark complexioned face is natural because your face is what is exposed to sunlight and it is sunlight which causes the skin to produce melanin which is what causes dark skin. This picture shows that Dino is naturally fair skinned because the part of his body that is not regularly exposed to sunlight is fair in complexion. helinues: |
So why did your president commit your country's future to COP28? Or was he too stupid to understand the implications of what he did? https://www.hostpic.org/images/2405131224280108.jpg hakeemhakeem: |
Come on abdool, shut your mouth and remove your hands from your pocket when you talk to your boss! Or do you want us to chase you out?https://www.hostpic.org/images/2405131230360116.jpg pandoragirigory: |
So why did your president commit your future to COP28? https://www.hostpic.org/images/2405131224280108.jpg WritterNg: |
Every nation has been either a bully or a victim of bullying at some point or the other in its history. Karlifate: |
30 years ago you may have been right. But the whole world including America is moving away from the use of fossil fuels. WriterNig: |
PBAT is a fool, just like the people who support him. Even your ogas are beginning to wake up. https://www.hostpic.org/images/2405122323580111.jpg ALMUSTAQIM: |
So na here you come hide yourself Mr Toh🤣 helinues: |
That makes her the polar opposite of APC and TIIEFnubu FreeStuffsNG: |
Come on my maiguard. This is not how you talk to your master. Or do you want to get sacked? https://www.hostpic.org/images/2405122030140093.jpg HypocriticalObi: |
How can a migrant own you and own your father but you have no shame? Are you even a human being? https://www.hostpic.org/images/2405120229560123.jpg Deltancapo:
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What a useless country |
Eyah!!! Sorry for your poverty🤣 Don't worry we will feed you since you can't feed yourself https://www.hostpic.org/images/2405112002010102.jpg Come and chop food☺️ https://www.hostpic.org/images/2405112002010096.gif Deltancapo: |
You mean the same way that mosques were full yesterday in spite of Imams sexcapades? olaideeeedris:
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We own the North https://www.hostpic.org/images/2405111616290100.jpg Deltancapo: |
And who are my "people"? I hope you don't mean those poor lower forms in the upper extremities of this god forsaken shithole called Nigeria? Deltancapo:
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Congratulations on the double honours. You are truly an inter-disciplinary intellectual giant. |
When will you lunatics get tired of this nonsense? Topman7: |
"Prostitution is now hookup, Charm is now Grace, Bad character is now mood swings, Fake life is now packaging, Fuel is now 1k" |
Good news? You mean the ass kicking they are receiving is good news? So they love punishment so much? |
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