The China Aviation Lithium Battery Co plans to use the proceeds to build new battery production lines
CATL said the construction of the $7.6 billion plant in Hungary, to supply Mercedes, BMW and VW, will be its biggest overseas investment
China's zero-Covid policy, which has snarled supply chains and hurt production, prompted LGES to seek EV-battery factory sites elsewhere in Asia
Elon Musk, its chief executive, has demanded the company ramp up battery production, especially of its so-called 4680, denoting the diameter (46mm) and height (80mm)
Azis Armand, chief executive of Indika, Indonesia's third biggest coal producer, said a feasibility study for the proposed joint venture is being prepared
Attero Recycling, based near Delhi, plans to build EV battery recycling facilities in Indonesia, Poland and the US as it aims to be a global player
EVs make up only 1% of total car sales in India, however, with high battery prices and an inadequate charging network holding back buyers
• Fire flared at Victoria Big Battery site aiming to store renewable energy • Reason for confined blaze still unknown,...