France: EIB Makes INVESTEU-BACKED investment of 450 million Euro to build AESC Electric battery Gigafactory in Douai
Source: European Investment Bank
Berlin / Heide (dpa / lno) – The Bundestag’s budget committee has approved an additional 600 million euros for the establishment of a battery factory for the Swedish company Northvolt. It is about a repayable convertible bond that is paid out by the KfW Bank and for which the federal government assumes liability, said the Green Bundestag members Felix Banaszak and Bruno Hönel
BMW Group has placed a long-term order at VDL Groep for the assembly of battery systems. VDL will assemble approximately 125,000 battery modules for the German car brand’s after-sales business until at least 2035.
Source: Bits chips
The new owners of bankrupt Britishvolt intend to use the Northumberland site to supply batteries to the Australian military. The planned manufacturing facility will not produce batteries for the mass market for now, but it aims to create thousands of jobs in the northeast of England in the near future.
Tesla has converted to the production of next-gen 4680 battery cells for Cybertruck at Giga Texas. The new cell has 10% higher energy than the Model Y cell. The company plans to fully convert to building Cybertruck cells by the end of 2023, and launch four battery production lines at Giga Texas by mid-2024.
Source: Drive tesla canada