Ola Electric To Invest $100 Million For Lithium-Ion Battery Manufacturing Gigafactory Amid IPO Buzz
IPO-bound Ola Electric plans to invest $100 million (approximately Rs 834 crore) in the initial phase of constructing its gigafactory for lithium-ion battery cell production as per founder Bhavish Aggarwal. He mentioned that Ola’s electric scooters will feature these locally-produced…
Chinese Company to Build Morocco’s First $1.3 Billion EV Battery Gigafactory
The Moroccan government made this development known on Thursday. Gotion High Tech is the latest company to invest in EV battery manufacturing in Morocco, as the country aims to adapt its growing automotive sector to the rising demand for electric…
Europe Moves to End Reliance on China EVs With €4.4bn Factory Plans
Two of Europe’s largest car makers Stellantis and Mercedes-Benz have raised about €4.4 billion to set up three new electric vehicle (EV) gigafactories across the European Union (EU) in the coming years. The companies said in a press release on…
Nissan Unveils New EV, Plans For Battery Gigafactory At Sunderland In UK; Potentially Up To 35 GWh
Nissan unveiled Nissan EV36Zero, a £1-billion flagship Electric Vehicle (EV) Hub —an EV manufacturing ecosystem—centered around its plant in Sunderland, UK. The project has been launched with an initial £1-billion (US$1.4-billion) investment by Nissan and its partners battery-maker Envision AESC…
UK Eyes Second Electric Vehicle Battery Factory
Building on the region’s efforts to stand at the forefront of new technologies, the Coventry City Council in the United Kingdom will reportedly enter a joint venture partnership with Coventry Airport with the aim of building the country’s second battery…
Oil Major Total, Carmaker PSA Set-Up $6B EV Battery Venture
Supermajor Total continues to invest in clean energy by creating a joint venture with automaker Groupe PSA to manufacture batteries for electric vehicles in Europe—a project expected to mobilize investment of more than US$5.9 billion (5 billion euro). Total, via…
With Verkor, France Has Another Giga-Battery Factory Project
Lithium battery cells will be rolling off a production line at a 16GWh-capacity factory in France in 2023, with manufacturing startup Verkor then planning to scale up to 50GWh “in line with market dynamics”. Suitable land for the first Verkor…
