The company also aims to hire 2000 individuals before 2025. DAO EVTech, a smart electric mobility manufacturing startup with a Make In India focus, has proposed to invest Rs 100 crore in Tamil Nadu. Dr. Michael Liu, Chairman and CEO of DAO EVTech, stated that the “Tamil Nadu market is crucial to any EV two-wheeler […]
Wonder Solar to Invest RMB 1 Billion in 2GW Perovskite Cell Project – EQ Mag
A ceremony to mark the simultaneous initiation of several major industrial projects in China’s Hubei Province in 2023 was held recently in the New City Area of Wuhan. The venue of the event had a section dedicated to the Ezhou Ge Shop Economic and Technological Development Zone; and within this section there was a celebration […]
CATL-Led Consortium Will Invest More Than CNY 6.7 Billion in Lithium Projects in Bolivia – EQ Mag
Major battery supplier CATL has won the right to participate in the development of Bolivia’s large reserves of lithium resources. On January 21, Reuters reported that the Bolivian government has chosen a consortium led by CATL to direct the mining of lithium in the country’s Uyuni and Oruro salt flats. The consortium, which includes China […]
Adani Group plans to invest Rs 60,000 crore in MP in various sectors – EQ Mag
Indore : Ports-to-energy conglomerate Adani Group on Wednesday said that it has plans to invest Rs 60,000 crore in mineral exploration, energy, agriculture, renewable energy and coal sectors. The group, however, did not give timelines for the investment. “During one-to-one interaction with Madhya Pradesh chief minister Shivraj Singh Chouhan on the sidelines of the two-day […]
JSPL to invest Rs 1,500 crore to make Monnet Power project operational – EQ Mag
Jindal Steel and Power Limited (JSPL) will invest up to ₹1,500 crore to make recently-acquired Monnet Power operational, its Managing Director Bimlendra Jha said. The investment will be made over the period of the next 12 to 18 months, he said. In December 2022, the steelmaker acquired debt-laden Monnet Power for ₹410 crore through the […]
NORWAY’S CLIMATE INVESTMENT FUND AND KLP INVEST IN INDIAN TRANSMISSION SECTOR – EQ Mag
The new Climate Investment Fund, managed by Norfund, will make its first transmission investment in an Indian project being developed by ReNew Power, together with KLP, Norway’s largest pension company. In partnership with the ReNew Power, one of the largest renewable energy independent power producers (IPPs) in India and globally (NASDAQ: RNW) (Nasdaq: RNWWW), Norfund […]
LG Energy Solution to Invest US$3.1 Billion in Expanding Battery Capacity in South Korea – EQ Mag
The demand for batteries is bound to surge under the continuously robust development of EVs in the future. South Korean battery company LG Energy Solution (LGES) announced to invest KRW 4 trillion (approx. US$3.1 billion) between 2022 and 2026 in expanding its production of EV cylindrical batteries in the country. LGES states that new investment […]
PDG Plans To Expand To Other Indian Cities; Invest About $300 Million On Each Location – EQ Mag
Last week, PDG unveiled a data centre in Navi Mumbai with 48 MW capacity in two buildings spread over a 6-acre. Singapore-based Princeton Digital Group (PDG), which recently opened a data centre in Navi Mumbai with an investment of USD 300 million, is exploring opportunities to expand its footprints to other Indian cities. Last week, […]
Andhra Pradesh Government Gives Green Signal To JSW’s Steel Plant, Adani’s 1,600 Mw Hydroelectric Energy Storage Project – EQ Mag
The officials informed the Chief Minister that JSW Steel Limited will invest Rs 8,800 crore in two phases for setting up the steel plant in Sunnapurallapalli village in Kadapa district Andhra Pradesh State Investment Promotion Board (SIPB), headed by Chief Minister Y S Jagan Mohan Reddy, on Monday gave its nod for investments worth a […]
Neuron Energy to Invest INR 50 Crore in Lithium-Ion Battery pack Business Vertical – EQ Mag
The investment is planned owing to an increase in the demand for Li-Ion Batteries Large OEM orders will account for 40 percent of the investment Mumbai : Neuron Energy Private Limited, a manufacturer of lithium-ion for electric 2W and 3W in India, plans to invest INR 50 Crore in the Li-Ion battery pack segment. The […]
