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Verkor gets over 1.3 bn euros in financing for Dunkirk EV battery gigafactory – ET Auto

Baua Electric

billion) in green financing for its first battery gigafactory in Dunkirk , finalising its funding. The financing allows Verkor to fund construction of the plant, which will supply Renault’s premium and Alpine electric models among others. French battery start-up Verkor said on Friday it had secured more than 1.3

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

Baua Electric

Blue Solutions’ planned gigafactory would be located in eastern France, close to both French and German automakers, and start production in 2030, Bouveret said in an interview. French company Blue Solutions plans to build a gigafactory in eastern France costing about 2 billion euros (USD 2.17

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Visiting Chinese trade official warns EU on greentech probe – ET Auto

Baua Electric

Earlier this week, Wang was in France where he met French Finance Minister Bruno Le Maire. Download ETAuto App Get Realtime updates Save your favourite articles Scan to download App The post Visiting Chinese trade official warns EU on greentech probe – ET Auto appeared first on Bauaelectric Auto News.

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

Baua Electric

It began producing batteries at its first “gigafactory” in northern France last year, for the Peugeot 3008 midsize family car, and a second production line is set to start operating in the coming months. billion) in financing to build out its capacity, for a total of 13 production lines. billion euros (USD 4.8

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Opinion: Oil Market ShowdownCan Russia Outlast The Saudis?

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and China markets, while the Russian Finance Ministry recently backed away from a tax proposal which Russian crude producers said would reduce their output. The Finance Ministry sought a change in the mineral extraction tax formula to generate an additional 609 billion rubles in 2015 and 1.6

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Enter the Russians

Revenge of the Electric Car

Read more in the article: Putin Backs Russia’s First Electric Car Project. From the article: “Russia’s richest man, Mikhail Prokhorov won early backing from Prime Minister Vladimir Putin for his plan to start mass production of electric cars, Putin’s spokesman said on Tuesday.

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Continental extends term of Nikolai Setzer as CEO, appoints new board member for automotive group sector – ET Auto

Baua Electric

Setzer has worked at Continental since finishing his studies in engineering management in Germany and France in 1997. After graduating in economics, he began his career as a financial analyst at WestLB’s investment banking subsidiary in 2002, where he became vice president of corporate finance in 2005.

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