The trucker's lawyers rejected an attempt to resurrect the company shortly after an auction in bankruptcy court raised nearly $1.9 billion for a swath of terminals around the country.
The partnership will focus on the collection, transportation, breaking down and processing of end-of-life lithium-ion EV batteries from the midwest and eastern U.S.
The plan makes EVs ineligible for tax credits if they use more than a trace amount of materials from China or other nations designated as a “foreign entity of concern."
The 234-meter-long, 40-meter-wide ship would be the world’s largest PCTC with 14 decks that allow 11,000 car equivalent units to be stored simultaneously.
CEO Oscar Sevilla said in a December 6 letter to clients seen by Bloomberg News that “the macroeconomic factors working against Mercon have persisted for longer than expected."
The Japanese carmaker will receive gearboxes and engines for 12 of its plants, as well as half a million parts annually, the companies said December 6.