VinFast secure USD 135m in green funding from ADB
VIETNAM, 25 October 2022: VinFast Trading and Production Joint Stock Company (VinFast) has received a USD 135m financing package from the Asian Development Bank (ADB) for the production of Viet….
Category: Finance
Globally, electric vehicle finance is growing rapidly. In 2022, the market size was USD 28bn and is expected to reach USD 100bn by 2030. The main factors driving the growth of the market are government incentives, increasing environmental awareness, and declining battery prices.
Posco,GS signs preliminary agreement for its superior EV battery recycling
KOREA, 13 October 2022: GS Energy Corporation, the energy division of local GS Group, and POSCO Holdings have signed a preliminary agreement to establish a battery recycling joint venture. Preliminary….
Honda invests significantly in Ohio to establish new EV hub
MARYSVILLE, 12 October 2022: In Ohio, Honda announced two major investments, including USD 700m to renovate several of its existing auto and powertrain plants in order to produce electric vehicles…..
Daejin invests USD 10m in EV battery component facility
TENNESSEE, 29 September 2022: Daejin Advanced Materials USA Inc will invest USD 10.2m in its second manufacturing and processing facility proposed in Cumberland City, Tennessee. Battery components at new facility….
China’s EV maker Leapmotor raised USD 800m in IPO
CHINA, 27 September 2022: Zhejiang Leapmotor Technology Co., a Chinese manufacturer of electric vehicles, raised roughly USD 800m(HK$6.3bn) in its Hong Kong initial public offering (IPO), according to persons familiar….