Verkor secures over €1.3 bn in green financing for its battery gigafactory

Source: Verkor

Verkor has recently secured over €1.3 billion euros in green financing with the support of 16 commercial banks and 3 public banks. These funds will be directly allocated to th...

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Statevolt's 40 GWh battery gigafactory in Ras Al Khaimah to be ready by 2026

Image for representation purposes only. Source: Statevolt

In a major development for the MENA region on battery manufacturing, California-headquartered Statevolt has launched a sister company in the UAE, Statevolt Emirates, which is ...

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LG Energy's construction of Arizona gigafactory for EV, ESS batteries right on track

Source: LG Energy Solution

Battery manufacturer LG Energy has announced the construction work of its Arizona gigafactory complex is right on track to be completed in two years by 2026. The complex ...

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Northvolt secures $5 billion loan for the expansion of homegrown giga factory and battery recycling plant

Swedish battery manufacturer, Northvolt AB has secured a $5 billion loan package that will enable further expansion of its cell manufacturing and battery recycling plant ...

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Verkor's battery gigafactory in France to be operational by 2025

Image for representation purposes only. Source: Verkor

French battery firm Verkor laid the foundation stone of its battery gigafactory in Dunkirk, France last month. Aimed at mass production of low-carbon, high-performan...

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​Tesla will double components sourced from India to $2 billion, says trade minister Goyal

Image: Tesla

Tesla is planning to double the amount of components it will import from India to almost $2 billion, the country's Union commerce and industry minister Piyush Goyal annou...

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Ola Electric raises ₹3,200 crores for its upcoming battery cell facility

Image for representation purposes only. Source: Ola Electric

Indian EV firm Ola Electric has announced the successful closure of funding round amounting to ₹3,200 crores ($380 million) in a mix of equity and debt from from Tem...

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Bengaluru-based Nsure to foray into lithium-ion cell manufacturing; 1GWh plant set to come up in Karnataka

Nsure Energy and International Advanced Research Centre for Powder Metallurgy and New Materials (ARCI) signed an agreement for Technical Know-How Transfer and Training in November 2021 to support indigenization efforts.

Bengaluru-based Nsure Reliable Power Solutions (Nsure) on Wednesday announced it will soon be entering into lithium-ion cell manufacturing in India with an initial production ...

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ACC-PLI: MHI holds stakeholder consultation for balance 20GWh capacity

The Ministry of Heavy Industries, Government of India on Monday concluded a stakeholder consultation regarding re-bidding of balance 20GWh (of 50GWh) Advanced Chemistry Cell (ACC) ...

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