US DOE offers $15.5bn funding and loans package to boost EV transition
As part of President Joe Biden's "Investing in America" agenda, the DOE funding will allocate $2 billion in…
Electric Vehicles
Tata to build 40GW battery cell gigafactory in UK with £4bn investment
20 Jul 23According to Tata Group, the new facility will cater to its customers in the UK and Europe with…
Tata Group signs MoU to set up $1.6bn gigafactory in Gujarat, India
05 Jun 23To be located in Sanand, northern Gujarat, the EV battery facility to be developed by Tata Group’s subsidiary…
Automobile firm VinFast to go public with Black Spade in $27bn deal
15 May 23Upon the completion of the deal, VinFast will have an equity value of more than $23bn
GM, Samsung SDI to invest $3bn for EV battery cells manufacturing plant
26 Apr 23The proposed EV battery cell manufacturing plant, which will be jointly operated by GM and Samsung SDI, is…
Volkswagen to invest €4.8bn in PowerCo’s gigafactory in Canada
24 Apr 23The EV battery manufacturing factory in St. Thomas is expected to break ground next year with a target…
Volkswagen to invest €1bn in Chinese EV R&D centre 100%TechCo
19 Apr 23Expected to be launched in 2024 in Hefei, the new EV R&D centre is expected to shorten the…
Hyundai Motor to invest $18bn in South Korean EV industry by 2030
12 Apr 23Through the investment, the South Korean automotive manufacturer aims to increase the annual production of EVs in South…
South Korean battery firms get $5.3bn financial support for investments in North America
10 Apr 23Export-Import Bank of Korea and K-SURE are expected to provide financial support along with increased credit lines, cuts…
LGES to build $5.5bn battery manufacturing complex in Arizona
27 Mar 23Expected to break ground this year, the new battery complex will include a facility to manufacture cylindrical batteries…