Building Industrial Italy Low Cost 
Baua Electric
JUNE 4, 2024
EV market demand has shifted toward so-called LFP batteries, which are less powerful but also less expensive and longer lasting than NMC batteries, and increasingly found on cars made by industry leaders Tesla and China’s BYD. billion) in financing to build out its capacity, for a total of 13 production lines.
Baua Electric
MARCH 7, 2024
This deal is the first of its kind for a Western automaker and gives Stellantis the exclusive rights to build, export, and sell Leapmotor brand EVs outside of China, and it is already mulling some exciting markets for them. billion stake (21%) in Leapmotor – a prominent automaker in China. FTC: We use income earning auto affiliate links.
Baua Electric
JUNE 4, 2024
billion to build four factories, planning to raise around 7.6 billion total Euros to build the factories. But today Bloomberg reports that work has stopped on ACC’s upcoming factory in Germany, and prep work has paused on a factory site in Italy. First, the decision to pause building EV battery factories makes no sense.
Baua Electric
APRIL 11, 2024
It’s all part of the Chinese brand’s ambitious plan to set up three brands in Europe and launch three new models for each brand, all by 2026 – yet, unfortunately, Chery wants to bring ICE vehicles along with its low-cost EVs, including a luxury gas-burning SUV brand that it already sells in China.
Baua Electric
APRIL 25, 2024
More favourable and better solutions for lubrication-free movements, low-cost automation and CO2-reducing products are the focal points. The strategy of many companies to build battery factories in Europe is also sustainable. In 2024, the company will invest in 247 new motion plastics products and digital services.
Baua Electric
FEBRUARY 8, 2024
For its part, Italy just announced a €90 million investment in a solar panel factory in Sicily. Back in September, the EU launched an investigation into the Chinese EV industry , as European companies are struggling to compete with the cheap, high-tech Chinese EV imports, made by low-cost labor, entering the EU.
Green Car Congress
APRIL 9, 2020
Italy-based Snam, a global energy infrastructure company, and RINA, a global testing, inspection, certification and engineering consultancy services firm, have signed a Memorandum of Understanding to collaborate in the hydrogen sector, in order to realize the significant potential of hydrogen as a fundamental energy carrier.
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