[ad_1] April 11 (Reuters) – General Motors Co (GM.N) on Tuesday said it will invest in lithium technology startup EnergyX as it expands further into the mining industry, the latest…
Tag: ELC
Tesla to build Shanghai factory to make Megapack batteries
[ad_1] SHANGHAI, April 9 (Reuters) – Tesla Inc (TSLA.O) is opening a factory in Shanghai, capable of producing ten thousand Megapack energy product per year, to supplement output of Megapack…
South Africa fights to keep phone networks up as lights go out
[ad_1] Mobile operators spending millions on fuel, backup systems Added costs forcing diversion of capital from 5G, rural networks Rampant theft of batteries, generators driving up expenses Industry seeking relief…
BMW bets on design and recycling, not mining, to lower battery costs
[ad_1] BMW not planning to take stakes in mines Building EVs spurs investment in recycling – CFO First quarter on track to hit annual margin target of 8-10% BERLIN, March…
Prysmian could extend investment plan if demand exists, CFO says
[ad_1] Energy business is Prysmian’s “cash cow” Sees annual capex around 500 mln euros in 2022-2025 Capex could be scaled back after 2025 if market slows down M&A activity to…
US business equipment borrowings grow 11% in February – ELFA
[ad_1] March 22 (Reuters) – U.S. companies borrowed 11% more in February than last year to finance equipment investments, industry body Equipment Leasing and Finance Association (ELFA) said on Wednesday.…
Volkswagen to invest in mines in bid to become global battery supplier
[ad_1] BERLIN, March 17 (Reuters) – Volkswagen (VOWG_p.DE) plans to invest in mines to bring down the cost of battery cells, meet half of its own demand and sell to…
Volkswagen picks Canada for first battery cell plant outside Europe
[ad_1] Move comes shortly after Scout plant announcement Plant in Canada can also qualify for IRA subsidies BASF also picked Canada for EV battery materials plant WOLFSBURG, Germany, March 13…
Exclusive: Chip equipment maker ASML’s suppliers eye Asia plants outside China amid tensions
[ad_1] HANOI/AMSTERDAM, March 10 (Reuters) – Suppliers to Dutch chip-making machines giant ASML Holding NV (ASML.AS) are considering building plants in Southeast Asia instead of China amid political tensions between…
Apple supplier Foxconn replaces iPhone business chief- Bloomberg News
[ad_1] Jan 17 (Reuters) – Taiwan’s Foxconn (2317.TW) has appointed Michael Chiang as the new boss for its iPhone assembly business after a tumultuous year in China, Bloomberg News reported…