- Write by:
-
Monday, June 5, 2023 - 19:40:22
-
143 Visit
-
Print
Mining News Pro - India’s salt-to-software conglomerate Tata Group signed an agreement with the Gujarat state government to set up a giga-factory for manufacturing lithium-ion cells, with an estimated initial investment of around 130 billion rupees ($1.6 billion).
Tata Agaratas Energy Storage Solutions Pvt., a subsidiary of Tata Group, signed a memorandum of understanding on Friday to establish an electric-vehicle battery plant that will have a production capacity of 20 gigawatt hours, generating direct and indirect employment for more than 13,000 people, according to a state government document posted on its website.
Indian Prime Minister Narendra Modi is working toward making the world’s most-populous nation carbon net zero by 2070. Still, India is lagging behind nations like China and the US in adopting electric transport.
The Tata plant would make Gujarat a leader in lithium-battery manufacturing and the group will receive assistance in setting up a production eco-system in the state, the state government said. A Tata Group representative declined to comment.
Tata Group’s decision comes at a time when its unit Jaguar Land Rover is considering setting up a major EV battery plant in the Britain. Tata favors a factory in England over Spain after the UK government offered a support package, Bloomberg reported in May.
Short Link:
https://www.miningnews.ir/En/News/623016
Zimbabwe’s President Emmerson Mnangagwa has re-appointed Winston Chitando as the southern African nation’s mines ...
Toronto-listed miner OceanaGold Corp said on Wednesday it will raise 6.08 billion pesos ($106 million) through an ...
A new report by IDTechEx states that investing in e-haul trucks could result in major savings for miners due to the ...
The London Metal Exchange is imposing new rules surrounding the movement of metal in its warehousing network, taking aim ...
Copper traded near $10,000 a ton, hitting a new two-year high on its way, as investors continue to pile in on a bet that ...
Adriatic Metals is taking over as the operator of the Rupice deposit development, which is part of the company’s Vares ...
A Russian arbitration court ruled on Monday that four units of Swiss commodities trader Glencore will pay more than 11.4 ...
A prefeasibility study for Predictive Discovery’s (ASX: PDI) Bankan gold project in Guinea gives it a net present value ...
Iron ore futures prices drifted higher on Thursday as the latest soft data from top consumer China triggered renewed ...
No comments have been posted yet ...