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Murugappa Group arm-led JV to invest INR 7,600 cr to build OSAT facility in Gujarat – ET Auto

Baua Electric

Ltd, a Thailand-based Outsourced Semiconductor Assembly and Test (OSAT) provider; recently agreed to establish a Joint Venture (JV) to build and operate an OSAT facility in Sanand, Gujarat. The project will be financed through a mix of subsidies, equity, and potential bank borrowings as required, a press release said.

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Log9 rebrands mobility biz as Amphion for holistic EV asset management – ET Auto

Baua Electric

New Delhi: Log9 , a leading developer of advanced battery cell technology and electric mobility ecosystem products, has rebranded its mobility business as Amphion , a full-stack EV asset management company. Murthy shared insights on key ingredients of building a sustainable company on strong pillars of culture and innovation.

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Zoomcar Partners with ACKO Drive to increase car fleet – ET Auto

Baua Electric

New Delhi: Zoomcar Holdings, Inc., With this partnership, ACKO Drive is offering Zoomcar Hosts substantial savings of up to INR 85,000 on new car purchases along with attractive offers on car financing with instant loan approval, express car delivery and more.

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Kolhapur has potential to be auto component mfg hub: Gadkari – ET Auto

Baua Electric

Build-operate-transfer (BOT) will soon be introduced in transmission lines. Under a BOT contract, an entity (usually a govt) grants a concession to a private firm to finance, build, and operate a project for a period of up to 30 years, following which the project is returned to the public entity that originally granted the concession.

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Car battery maker ACC halts plant construction in Germany, Italy – ET Auto

Baua Electric

billion) in financing to build out its capacity, for a total of 13 production lines. Download ETAuto App Get Realtime updates Save your favourite articles Scan to download App The post Car battery maker ACC halts plant construction in Germany, Italy – ET Auto appeared first on Bauaelectric Auto News.

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Battery maker Blue Solutions plans 2 bn euro gigafactory in France – ET Auto

Baua Electric

French company Blue Solutions plans to build a gigafactory in eastern France costing about 2 billion euros (USD 2.17 billion) to produce a new solid-state battery it has produced that has a 20-minute charging time, its CEO said. ” He declined to identify the companies with whom Blue Solutions was holding talks on JDAs.

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Li-Cycle to cut 17% of staff amid battery recycling growing pains – ET Auto

Baua Electric

Battery recycler Li-Cycle plans to lay off 17% of its staff – including three senior executives – as it pares its ambitious global growth plans in order to save cash and focus on building a crucial processing facility in New York. In all, 60 employees will lose their jobs.

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