Brief: G-Tekt, ArcelorMittal team up on EV gigacasting alternative - Nikkei

G-Tekt

18/04/2024 17:30

April 18 (Reuters) - Nikkei: 
    * G-TEKT WILL PARTNER WITH ARCELORMITTAL ON CHEAPER
ALTERNATIVE TO
CASTING AUTO CHASSIS PARTS THAT PROMISES TO REDUCE COST OF
MAKING EV - NIKKEI
    * G-TEKT TO GET TECHNOLOGY ON LICENSE FROM ARCELORMITTAL
THAT WILL
BE USED TO FORM EV BODY SECTIONS COMBINING 5-10 COMPONENTS INTO
1 LARGE PIECE- NIKKEI
    * G-TEKT AIMS TO BEGIN USING NEW METHOD AFTER 2028 OR LATER
AND
WILL TO PROPOSE IT TO HONDA AND OTHER JAPANESE AUTOMAKERS -
NIKKEI
    * G-TEKT'S INITIAL COSTS OF ADOPTING THE TECH ARE EXPECTED
TO BE
LOW SINCE IT WILL BE ABLE TO USE MANUFACTURING EQUIPMENT ALREADY
IN PLACE - NIKKEI

Further company coverage:  5970.T 

 ((Reuters.Briefs@thomsonreuters.com;))