Philippe Chain News Today

Verkor should complete the first tranche of fundraising for its future battery gigafactory in Dunkirk, France, in the coming weeks, co-founder and chief customer officer Philippe Chain told Reuters. ...

Verkor to complete fundraising for future battery gigafactory in France

This first tranche will be a capital injection of around 800 million euros (USD 860 million), Chain added at the Munich car show, followed by a debt tranche of around 1.1 billion euros, as well as subsidies from the European Union that Verkor has already applied.

Elon Musk recently laughed when he said that Tesla’s two new factories are money furnaces, burning billions of dollars. He also stated that he is c...

Elon Musk telling Philippe Chain to deliver the Model S before all testing was properly made reveals a mindset that may hurt Tesla in the long run.

No other company bets on a camera-only autonomous driving strategy apart from Tesla. If you wonder why that is the case, The New York Times said that it was something Elon Musk insisted on, even going against his own specialists.

Kuehne + Nagel is supporting its automotive customers’ transition to an electrified future with the provision of battery chain services. At an event the company held in December, mobility and materials experts discussed the challenges facing the industry. Marcus Williams reports The automotive industry’s transition from a producer of vehicles powered by combustible hydrocarbons to a cleaner one driven by electric batteries is perhaps the biggest upheaval in its history. In certain regions o...