Browsing: Investment
Public transport operator EMT Valencia has secured a €69 million loan from the European Investment Bank (EIB) to purchase 145…
Trucks Venture Capital (Trucks VC), co-founded by Reilly Brennan, is setting out to invest in the next wave of early-stage…
Mazda has announced plans to construct a new battery module and pack production facility in Iwakuni, Japan, with an annual…
Tesla Completes Shanghai Megafactory for Megapack Production, Set to Begin Output in 2025
By Ryan Fisher
Tesla has completed construction of its Megapack grid-scale battery factory in Shanghai, China, marking the company’s second such facility and…
Just days after facing liquidation, German eVTOL startup Lilium Aviation has announced a lifeline investment deal that could revive its…
Volocopter Files for Insolvency Amid Financial Struggles and Search for Additional Funding
By Ryan Fisher
Volocopter GmbH, an air taxi start-up backed by Mercedes-Benz and Honeywell, filed for insolvency proceedings on Monday, citing its inability…
DOE May Grant $754 Million Loan to Novonix for Synthetic Graphite Facility in Tennessee
By Todd Gilbert
The U.S. Department of Energy (DOE) has announced a conditional commitment to provide up to $754 million in loans to…
Stellantis Announces €2 Billion Investment in Italian Factories, New Electric and Hybrid Models
By Robin Cannon
Stellantis (STLA.MI) revealed plans to invest €2 billion in its Italian factories by 2025, aiming to expand its portfolio of…
The Volkswagen Group and its battery subsidiary PowerCo are making a significant move in the lithium supply chain with a…
Dongfeng Motor has officially entered the Mexican market, marking a significant expansion of its overseas presence. The Chinese automaker recently…
Foxconn, the Taiwanese contract manufacturing giant, is reportedly negotiating a potential acquisition of a stake in Nissan Motor held by…
Germany’s Social Democratic Party (SPD) has outlined plans to boost the domestic electric vehicle (EV) market with tax incentives exclusively…
A recent study by the International Council on Clean Transportation (ICCT) highlights that global reserves of key minerals, combined with…
BYD has established a new division aimed at accelerating its investment in artificial intelligence (AI) and large models, focusing on…
Milwaukee, Wisconsin, has been awarded nearly $15 million in federal funding to develop a network of 53 electric vehicle (EV)…
Indonesia will offer tax incentives to electric vehicle (EV) manufacturers, including China’s BYD and GAC Aion, as well as French…
Germany’s Federal Ministry of Economics announced it will provide up to €5 billion in subsidies over several years to support…
Tesla Commences Operations at Texas Lithium Refinery, Advancing Domestic Battery Production
By Ivan Popov
Tesla has officially begun operations at its lithium refining facility in Robstown, Texas, marking a significant milestone in the company’s…
Mining giant Rio Tinto has announced a $2.5 billion investment to expand its Rincon lithium project in Argentina, with plans…
Microsoft will record an $800 million impairment charge following General Motors’ decision to discontinue its Cruise robotaxi program, according to…