While the EV battery manufacturing unit in Gujarat will be set up at an investment of Rs 7,300 crore, the first phase of the vehicle manufacturing unit in Haryana will be set up at an investment of Rs 11,000 crore Prime Minister Narendra Modi on August 28 laid the foundation stone of Maruti Suzuki’s electric […]
Panasonic to build $4bn EV battery plant for Tesla in U.S. – EQ Mag Pro
High-capacity 4680 cells to help Japan maker compete with China, South Korea OSAKA : Panasonic Holdings will invest $4 billion in a second U.S. electric vehicle battery factory in Kansas, its subsidiary Panasonic Energy announced on Thursday, confirming an earlier Nikkei report. The factory is expected to hire as many as 4,000 employees and supply […]
Syrah Resources gets $107 mln US loan for Louisiana EV battery plant – EQ Mag Pro
The U.S. Department of Energy is lending $107 million to graphite miner Syrah Resources (SYR.AX) to expand an electric vehicle battery parts plant in Louisiana, the first loan in more than 10 years from a special funding program of the department. Shares of Syrah, which are traded in Australia, rose more than 14% on Tuesday […]
Vietnam car company Vingroup starts work on $174 mln EV battery plant – EQ Mag Pro
Vingroup (VIC.HM), Vietnam’s largest conglomerate, announced on Sunday that it has begun construction on a $174 million battery cell plant for its VinFast electric vehicle division, allowing the company to control its whole battery supply chain. When its gasoline-powered cars bearing its own badge reached the streets in 2019, VinFast became the country’s first fully […]