The funding would add to a possible USD 8.5 billion in grants and USD 11 billion in loans that the company was awarded in March under the Chips and Science Act
» Evertiq
The announcement comes more than a year after Intel shared its plans to build a USD 4.6 billion assembly and testing unit outside Wroclaw, Poland.
» Evertiq
Currently, there are 3 million electric vehicles registered in India, with two-wheelers making up 56% of total sales. In 2023-24 there was a 45% increase in sales of EVs.
» Evertiq
Meanwhile, Tata Consultancy Services (TCS) is collaborating with Tata Electronics as the group aims to introduce India’s first domestically produced chips by 2026.
» Evertiq
The carbon fibre used to make the battery is sturdy enough to be a load-bearing structure, so it can be integrated into the design of a vehicle to significantly reduce weight and increase range.
» Evertiq
The project has been adopted by Japan’s Ministry of Economy, Trade and Industry as a “plan related to initiatives for ensuring stable supply of batteries.”
» Evertiq
China’s Ministry of Commerce told automakers that they shouldn’t make any auto-related investments in India in a bid to safeguard Chinese EV tech and lower regulatory risks, the Bloomberg report s…
» Evertiq
Taiwan’s Foxconn, which is likely to invest USD 37.2 million in the project, holds a 40% equity stake in the venture.
» Evertiq
The QLC 9th-generation V-NAND flash minimizes the area of cells and peripherals to deliver the industry’s highest bit density, an increase of 86% over the previous generation of QLC V-NAND flashes.
» Evertiq
The company, a battery materials subsidiary of steelmaker POSCO, announced the deal in a regulatory filing but did not disclose the name of the customer, citing a confidentiality agreement.
» Evertiq