Electric vehicle battery metal: BHP Billiton ends negotiations with Wyloo on the acquisition of Noront and continues bidding, Automotive News, ET Auto

2021-12-13 07:12:14 By : Ms. Zoe Yao

We have updated our terms and conditions and privacy policy. Click "Continue" to accept and continue to use ET Auto

Dear users, ET Auto’s privacy and cookie policy has been updated to comply with the EU’s new data regulations. Please review and accept these changes below to continue using the site. You can check our privacy policy and our cookie policy. We use cookies to ensure you get the best experience on our website. If you choose to ignore this message, we will assume that you are happy to receive all cookies on ET Auto.

41 minutes before another executive left, Honda's Exodus is still going on

Chips and parts shortages, logistics interruptions: The predicament of automobiles and electronic products may continue until 4 hours before the June quarter

The fool who proves the momentum of growth

BHP Billiton's all-cash offer requires at least 50% of Nolan shareholders to bid for support. Wyloo, Noront's largest shareholder, said in August that it would not support any of BHP Billiton's bids.

Wyloo holds a 37.2% stake in Noront and stated that it does not intend to support any other offers, and that “a competitive takeover offer is unlikely to meet any minimum bidding conditions.”

"Contract and tax transparency are two key components of a safe, fair and sustainable mining and metals industry," ICMM CEO Rohitesh Dhawan said in a statement.

225,000+ industry leaders read every day

The collaboration between Mahindra and Reliance's mobile brand Jio-bp will explore battery replacement solutions for electric tricycles and business models such as mobility as a service (MaaS) and battery as a service (BaaS)

However, he said in a tweet that the entry of non-essential trucks is restricted.

We have a variety of advertising options, including events, advertisements, banners, emails, webinars, etc.

Please contact us for more details.

Get ETAuto headlines in your email inbox every morning.

225,000+ industry leaders read every day

Follow @ETAuto for the latest news, internal visits, etc.