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

Baua Electric

The gigafactory will have an initial production capacity of 16 GWh/year and create about 1,200 direct jobs and 3,000 indirect jobs within two years, Verkor says. billion) in green financing for its first battery gigafactory in Dunkirk , finalising its funding. French battery start-up Verkor said on Friday it had secured more than 1.3

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Revamp Moto partners with loan providers for 2W financing solutions – ET Auto

Baua Electric

The financing partners will extend credit lines to the customers, with interest rates ranging between 12.4% The financing partners will extend credit lines to the customers, with interest rates ranging between 12.4% and 15%, with a repayment period extending up to five years. and 15%, with a repayment period extending up to five years.

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Vulcan Energy starts its first lithium chloride production in Germany – ET Auto

Baua Electric

Lithium supplier Vulcan Energy on Wednesday announced the start of production of the first lithium chloride at its extraction plant in Germany using geothermal energy, an essential step toward producing battery-grade lithium hydroxide.

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Tata threatens to shut steelworks early ahead of strike – ET Auto

Baua Electric

The Indian-owned giant had planned to start shutting the first furnace in late June and the second by September as part of an overhaul as it transitions to greener production of steel. The overhaul comes with the European steel industry facing upheaval as it tries to finance less carbon-intensive production. billion (USD 1.58

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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.

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Stellantis extends preventive recall to other models over airbag worries – ET Auto

Baua Electric

According to the government website “Rappel Conso”, the deterioration of the propellant, the product used to instantly deploy the airbag in the event of an accident, means that the bag can “rupture with too much force, injuring vehicle occupants.”

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Battery maker Blue Solutions plans 2 bn euro gigafactory in France – ET Auto

Baua Electric

Blue Solutions’ planned gigafactory would be located in eastern France, close to both French and German automakers, and start production in 2030, Bouveret said in an interview. French company Blue Solutions plans to build a gigafactory in eastern France costing about 2 billion euros (USD 2.17

France 52