Remove Articles Remove Auto Remove Financing Remove Supplies
article thumbnail

Verkor gets over 1.3 bn euros in financing for Dunkirk EV battery gigafactory – ET Auto

Baua Electric

billion) in green financing for its first battery gigafactory in Dunkirk , finalising its funding. The financing allows Verkor to fund construction of the plant, which will supply Renault’s premium and Alpine electric models among others. French battery start-up Verkor said on Friday it had secured more than 1.3

article thumbnail

Ola Electric to invest USD 100 mn in gigafactory – ET Auto

Baua Electric

Last August, Ola Electric raised USD 240 million from State Bank of India for building the Gigafactory as part of a USD 384 million financing round that saw participation from Singapore’s sovereign fund Temasek. The firm is also working on solid-state batteries, he added. GWh through FY25 and FY26.

Auto 52
article thumbnail

It’s too late to China-proof the lithium supply chain – ET Auto

Baua Electric

Parts of our key supply chains, including for clean energy, are currently over-concentrated in China,” US Treasury Secretary Janet Yellen said earlier this month during a visit to Chile, home to the largest lithium reserves. billion) into a financing facility to support exports. billion) into a financing facility to support exports.

China 52
article thumbnail

Visiting Chinese trade official warns EU on greentech probe – ET Auto

Baua Electric

“We must oppose unilateralism and protectionism and protect the global supply chain,” the minister said. Earlier this week, Wang was in France where he met French Finance Minister Bruno Le Maire. He cited the EU’s investigations into Chinese electric cars , solar panels and wind turbines as examples.

Chinese 52
article thumbnail

Australian thermal coal mine aims for Q4 restart on supply deal – ET Auto

Baua Electric

Surging prices for coal last year have led to some new coal mines ramping up after the war in Ukraine exacerbated a supply shortage brought on by growing reluctance from climate conscious investors to funding new fossil fuel projects. In March it had said it expected to restart in the second half of 2023.

Coal 40
article thumbnail

Frontier Lithium surges on JV with Mitsubishi for Canadian operations – ET Auto

Baua Electric

The deal will help finance the PAK Lithium Project mine and a planned lithium chemicals conversion facility, Frontier said, as the company aims to become a major supplier of the key mineral used in EV batteries to the North American supply chain. Frontier shares were trading at C$1.06

article thumbnail

US Senate panel expands probe into BMW use of parts from banned Chinese supplier – ET Auto

Baua Electric

The report found Bourns Inc, a California-based auto supplier, had sourced components from JWD, which was added to the UFLPA Entity List in December. The chair of the Senate Finance Committee said on Monday he was expanding its probe into German automaker BMW ‘s use of electronic components from a banned Chinese supplier.

Chinese 52