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Tesla trio take the helm at DG Innovate

DG Innovate shares surged on Monday after former Tesla executives stepped in to steer the struggling battery developer. Under the deal, Peter Bardenfleth-Hansen takes the helm as CEO, with Christian Eidem securing a 29.3% stake and a role as an Executive Director. Jochen Rudat also joins as an Executive Director. The former CEO, Peter Tierney, has transitioned to a Non-Executive Director.

CHAIRMAN OF DG INNOVATE, NICK TULLOCH, SAID: 

“The new executive management team, with their world class track record in the electric vehicle and mobility sector, recognise the significant commercial potential in DGI’s technology and the wider opportunities to use DGI as a platform to build a larger company focused on the sector. I look forward to an extremely bright future for DGI.”

NEW CEO, BARDENFLETH-HANSEN, ADDED: 

“The technology the DGI team has developed in exceptional. In the last few years, [we] have looked at hundreds of different technologies to invest in and commit to across the global. DGI’s technology was the standout.”

DG Innovate plc (LON:DGI) is an advanced research and development company pioneering sustainable and environmentally considerate improvements to electric mobility and storage, using abundant materials and the best engineering and scientific practices. Deregallera is a subsidiary of DG Innovate.

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