Published:
February 24, 2020
Services:
Chemicals More...
Topics:
Activities:
Investment More...
Further Reading
CATL to invest $1.86 billion for battery production in China
News Commentary | February 11, 2021
The battery producer will build out three new facilities in Guangdong, China. The first phase will build a plant with an annual capacity of 25 GWh for an investment of $1.86 billion. By the end of 2030, CATL plans to install a capacity of up to 150 GWh. This is in addition to the announced 80 GWh of... To read more, click here.
Northvolt raises $2.75 billion to step up battery production
News Commentary | June 29, 2021
The latest funding round was led by Swedish pension funds AP1, AP2, AP3, AP4, and Omers Capital. Northvolt will use the new investment, in the form of equity, to improve the factory production capacity from a planned 40 GWh to 60 GWh. The funding comes after Northvolt signed multiple contracts with ... Not part of subscription
Volkswagen's first green power 40-GWh battery factory secures joint funding
News Commentary | May 11, 2022
The VW group with partner Seat and the Spanish goverment have announced an investment of EUR 10 billion to construct their third battery gigafactory in a series of six planned in Europe. The announcement comes as an outcome of the Strategic Project for Economic Recovery and Transformation program. ... Not part of subscription
by Chloe Herrera
Ganfeng will take 51% ownership in jointly owned Minera Exar, a jointly owned company operating the lithium project, and Lithium Americas will receive $40 million in interest-free loans and 49% ownership. In 2018, Ganfeng bought SQM's stake for $49 million, then invested $160 million for 50/50 ownership with Lithium Americas in 2019. The Cauchari-Olaroz project is projected to begin in 2021 with an annual production capacity of 40,000 tons per annum using conventional brine evaporation pools. The extra cash will likely help Lithium Americas in its $400 million clay mining operation at Thacker Pass, Nevada. Ganfeng's majority ownership will open opportunities of state support from China and further enhance its global lithium portfolio.
For the original news article, click here .