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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