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Nissan cancels potential $1 billion sale of battery unit to China"s GSR

TOKYO (Reuters) - Nissan Motor Co has canceled a potential $1 billion sale of its electric battery business to GSR Capital, citing a lack of funds with the Chinese investment firm to make the purchase......»»

Category: topSource: reutersJul 1st, 2018

Nissan scraps potential $1 billion sale of battery unit to China"s GSR

TOKYO (Reuters) - Nissan Motor has canceled a potential $1 billion sale of its electric car battery unit to China's GSR Capital, opening the door to other likely suitors keen on a component that is vital for the booming electric vehicles industry......»»

Category: topSource: reutersJul 2nd, 2018

Stung by Asian dominance, Germany pours cash into EV battery ventures

Germany has earmarked 1 billion euros ($1.2 billion) to support a consortium looking to produce electric car battery cells and plans to fund a research facility to develop next-generation solid-state batteries, three sources told Reuters......»»

Category: topSource: reutersNov 9th, 2018

Factbox: Plans for electric vehicle battery production in Europe

Germany has earmarked 1 billion euros ($1.2 billion) to support a consortium looking to produce electric car battery cells and plans to fund a research facility to develop next-generation solid-state batteries, three sources told Reuters......»»

Category: topSource: reutersNov 9th, 2018

Daimler to buy $23 billion of battery cells for electric car drive

Daimler will buy battery cells worth more than 20 billion euros ($23 billion) by 2030 as it readies mass production of hybrid and electric vehicles, the maker of Mercedes-Benz cars said on Tuesday......»»

Category: topSource: reutersDec 11th, 2018

Ford Set To Announce EV Battery Joint Venture With SK Innovation Thursday: Report

Ford Motor Co (NYSE: F) and South Korean battery maker SK Innovation are close to announcing a battery joint venture in the United States to aid the maker of the F-150 Lightning truck boost its electric vehicle roll-out, Reuters read more.....»»

Category: blogSource: benzingaMay 20th, 2021

Tesla will surge 58% from current levels with improved battery supply set to drive an $8 billion energy business, Canaccord says

Tesla's first mover advantage in battery technology has the potential to create a .....»»

Category: smallbizSource: nytApr 12th, 2021

LG plans to invest $4.5 billion in US battery production to meet growing electric-vehicle demand, including building at least 2 factories

LG Energy Solution's four-year nvestment in battery produc.....»»

Category: topSource: businessinsiderMar 12th, 2021

Aptera Receives $4M In Funding, 7,000 Orders For EV Billed As Having 1,000-Mile Range

Aptera, a startup developing a three-wheeled solar and battery-powered electric car, has received $4 million in backing and more than 7,000 preorders. read more.....»»

Category: blogSource: benzingaFeb 20th, 2021

EV battery maker Microvast to go public via merger with SPAC Tuscan Holdings in deal valued at about $3 billion

Microvast Inc., a maker of electric vehicle battery technology, said Monday it is going public via a merger with special purpose acquisition corporation Tuscan Holdings Corp. in a deal with an implied equity valuation of $3 billion. Upon.....»»

Category: topSource: marketwatchFeb 1st, 2021

China Evergrande New Energy Vehicle Company Attracts 6 Investors To Raise $3.4 billion

The electric vehicle unit of property developer China Evergrande Group said on Sunday it would bring in six new investors and will raise $3.4 billion to repay debt and fund research, Reuters has reported.   read more.....»»

Category: blogSource: benzingaJan 24th, 2021

Warren Buffett"s Berkshire Hathaway has scored a 3,000% gain on its BYD investment. Here"s the story of its bet on the Chinese electric-vehicle company.

The famed investor's company spent $232 million in 2008 to secure a stake worth more than $7 billion today. BYD founder and CEO Wang Chuanfu, Charlie Munger, and Warren Buffett celebrate at a car launch. REUTERS/Jason Lee Warren Buffet.....»»

Category: personnelSource: nytJan 23rd, 2021

Apple"s market value grows by $102 billion after report says the company aims to produce electric cars by 2024

The tech giant is reportedly developing battery innovations to improve vehicle safety, packaging, and range. .....»»

Category: smallbizSource: nytDec 22nd, 2020

Tesla Supplier CATL Plans To Raise $2.85B To Expand Electric Battery Business

Contemporary Amperex Technology Ltd. (CATL), a Chinese battery maker, says it wants to raise 20 billion yuan or $2.85 billion to fund battery projects and increase working capital. read more.....»»

Category: blogSource: benzingaFeb 27th, 2020

China"s CATL aims to raise $2.85 billion for EV battery projects

CATL , China's top electric vehicle battery maker, said it aims to raise up to 20 billion yuan ($2.85 billion) in a private placement of shares to fund its battery projects and boost working capital......»»

Category: topSource: reutersFeb 26th, 2020

Exclusive: Volkswagen to buy 20% of Chinese battery maker Guoxuan amid electric push - sources

Volkswagen AG is set to take a 20% stake in Chinese electric vehicle battery maker Guoxuan High-tech Co Ltd, two sources told Reuters, as the German firm accelerates its electric push into the world's largest auto market......»»

Category: topSource: reutersJan 17th, 2020

GM"s battery partnership with LG Chem will have 2 major benefits as the company begins the transition to electric vehicles (GM, KRW)

Ruben Sprich/Reuters On Thursday, General Motors and LG Chem announced that they will sp.....»»

Category: topSource: businessinsiderDec 8th, 2019

GM, South Korea"s LG hook up in EV battery joint venture

General Motors and South Korea's LG Chem announced they will invest $2.3 billion to set up an electric vehicle battery joint venture near a shuttered GM plant in Ohio. Conway G. Gittens has the details......»»

Category: videoSource: reutersDec 5th, 2019

GM, LG Chem to build $2.3 billion electric vehicle battery plant in Ohio

General Motors Co and South Korea's LG Chem said on Thursday they will invest $2.3 billion to build an electric vehicle battery cell joint venture plant in Ohio, creating one of the world's largest battery facilities......»»

Category: topSource: reutersDec 5th, 2019

GM, LG Chem set $2.3 billion electric vehicle battery venture in Ohio

General Motors Co .and South Korea's LG Chem said on Thursday they will invest $2.3 billion to set up an electric vehicle battery cell joint venture plant in Ohio, creating one of the world's largest battery facilities......»»

Category: topSource: reutersDec 5th, 2019