The investment involves €337.2 million ($355.1 million) in direct loans to the project and €112.8 million ($118.8 million) in indirect loans to participating commercial banks.
AI Customer ServiceChina plans to invest around 6 billion yuan ($845 million) to develop next-generation battery technology powering electrical vehicles (EVs), even as its industrial policy
AI Customer Service4 to 1 Investments KB, a company owned jointly by the Swedish National Pension (AP) Funds (AP1, AP2, AP3, AP4), is investing USD 400 million in Northvolt by participating in $2.75 billion
AI Customer ServiceAlzenau, 23 October 2023 – The globally operating technology and construction group STRABAG invests in the development and production of secure, sustainable, and affordable energy
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AI Customer ServiceAccording to China Daily, Beijing aims to use the massive fund to drive between seven to nine projects, which will explore the development of various types of solid-state
AI Customer ServiceBMW invests CNY 10 billion in a new EV battery production project in Shenyang, China 16 November 2022, 02:33:46 invest around CNY 10 billion into a new
AI Customer Service2 天之前· The $42 million grant is the largest ever awarded by the energy commission''s Long-Duration Energy Storage Program that invests in demonstrations of technologies that don''t
AI Customer Service5 天之前· SACRAMENTO — The California Energy Commission (CEC) today approved a $42 million grant to build a long-duration energy storage project at Marine Corps Base Camp
AI Customer ServiceChina plans to invest around 6 billion yuan ($845 million) to develop next-generation battery technology powering electrical vehicles (EVs), even as its industrial policy
AI Customer Service5 天之前· SACRAMENTO — The California Energy Commission (CEC) today approved a $42 million grant to build a long-duration energy storage project at Marine Corps Base Camp
AI Customer ServiceNineDot''s New York City battery storage projects support New York Governor Hochul''s nation-leading roadmap for 6,000 megawatts of energy storage capacity in New York State by 2030, on the path
AI Customer Service2 天之前· The project will provide 6 MW/48 MWh of energy storage using zinc hybrid cathode aqueous battery technology, initially and expand to 50 MW/400 MWh, later. The California
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AI Customer ServiceChina is seeking to cement its lead in the global EV market after early and heavy investment in domestic supply chains helped it become the most cost-competitive
AI Customer ServiceChina will likely spend about RMB 6 billion yuan ($830 million) on all-solid-state battery R&D, state-owned China Daily said in a report today, citing multiple sources. Six
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AI Customer ServiceGanfeng is in the process of setting up a joint venture in Turkey, with an investment plan for about $500 million towards a lithium battery project with an annual
AI Customer ServiceWith an investment of 10 billion yuan (US $1.4 billion), the new facility is projected to have an annual capacity of 30GWh and will produce sodium-ion battery cells and
AI Customer ServiceChina will likely spend about RMB 6 billion yuan ($830 million) on all-solid-state battery R&D, state-owned China Daily said in a report today, citing multiple sources. Six companies, including CATL, BYD, China FAW
AI Customer Service2 天之前· The project will provide 6 MW/48 MWh of energy storage using zinc hybrid cathode aqueous battery technology, initially and expand to 50 MW/400 MWh, later. The California
AI Customer ServiceJoint AP Funds company invests USD 400 million in Northvolt Funds (AP1, AP2, AP3, AP4), is investing USD 400 million in Northvolt by participating in $2.75 billion
AI Customer ServiceREUTERS/Tingshu Wang/File Photo Purchase Licensing Rights BEIJING, May 29 (Reuters) - China plans to invest more than 6 billion yuan ($830 million) in a government-led project to develop solid-state batteries with six firms eligible for state funding to work on the next-generation technology, a person with direct knowledge of the matter said.
China plans to invest around 6 billion yuan ($845 million) to develop next-generation battery technology powering electrical vehicles (EVs), even as its industrial policy has sparked overcapacity concerns and become a key target of US and European complaints.
The battery maker wholly owned by SK Innovation said Monday the investment will go on expanding its battery research center in Daejeon, and newly building a pilot plant for solid-state batteries and a new facility for quality control management there.
Volkswagen has also been trying to develop the batteries with US startup Quantum Scape. Chinese rivals are also upping the ante. GAC Group, a state-owned automaker based in Guangzhou, said in November that it had achieved a breakthrough in solid-state batteries and would roll out vehicles with them in 2026.
Those picked as potential participants in the project include battery makers CATL (300750.SZ) and Nio-backed (9866.HK) WeLion New Energy Technology, said the person.
A sign of battery manufacturer CATL is pictured at its booth at the Beijing International Automotive Exhibition in Beijing, China, April 25, 2024. REUTERS/Tingshu Wang/File Photo Purchase Licensing Rights
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