Latest News

Latest News

Ford in $4.5 bln deal for EV battery materials plant

Ford in $4.5 bln deal for EV battery materials plant

Thursday, March 30, 2023

SOROWAKO, Indonesia, March 30 (Reuters) - U.S. carmaker Ford (F.N) has joined PT Vale Indonesia (INCO.JK) and China's Zhejiang Huayou Cobalt's as their new partner in a $4.5 billion nickel processing plant in Indonesia, the companies said on Thursday.

Read more hereRead More

Thomas Built Buses, Proterra to Supply Electric School Buses in South Carolina

Thomas Built Buses, Proterra to Supply Electric School Buses in South Carolina

Thursday, March 30, 2023

The South Carolina Department of Education will deploy 160 Thomas Built Buses (TBB) electric school buses in school districts across the state over the next year under a new procurement between the Department of Education and Thomas Built Buses dealer Interstate Transportation. 

Read more hereRead More

BORGWARNER TO INVEST $20.6 MILLION, CREATE 186 JOBS IN METRO DETROIT

BORGWARNER TO INVEST $20.6 MILLION, CREATE 186 JOBS IN METRO DETROIT

Tuesday, March 28, 2023

Auburn Hills-based BorgWarner Inc. plans to invest $20.6 million and add 186 jobs in metro Detroit as the automotive supplier accelerates its electric vehicle business.

BorgWarner is looking to set up new EV labs, scale up manufacturing of its DC fast chargers and increase output of battery packs, according to a briefing memo from the Michigan Economic Development Corp., whose Michigan Strategic Fund board on Tuesday approved a $1.86 million performance-based grant for the project.

Read more...Read More

How the US set the scene for electric cars to flourish in 2023

How the US set the scene for electric cars to flourish in 2023

Monday, March 27, 2023

America has been slow to adopt and provide for electric vehicles (EVs) compared to Europe. This does not come as a surprise considering that the US has had a long-standing love affair with large capacity internal combustion engines, a plentiful supply of oil to fuel them, and a powerful lobbying industry to fight on their behalf in Congress and the White House.

Read more hereRead More

LG Will Spend $5.5 Billion on a Battery Factory in Arizona

LG Will Spend $5.5 Billion on a Battery Factory in Arizona

Friday, March 24, 2023

A South Korean battery manufacturer said it would quadruple its planned investment in a new factory in Arizona to meet growing demand from automakers that are trying to ramp up production of electric cars and trucks.

Read more hereRead More

Ford’s new Tennessee plant aims to build 500,000 electric trucks a year

Ford’s new Tennessee plant aims to build 500,000 electric trucks a year

Friday, March 24, 2023

STANTON, Tennessee, March 24 (Reuters) - Ford Motor Co (F.N) plans to build up to 500,000 electric trucks a year at its BlueOval City complex under construction in western Tennessee, the automaker said on Friday.

Read more hereRead More

Treasury guidance on electric vehicle tax credit due next week

Treasury guidance on electric vehicle tax credit due next week

Wednesday, March 22, 2023

The Biden administration will release the eagerly awaited proposed guidance for the domestic sourcing requirements for electric vehicles to qualify for the Inflation Reduction Act‘s clean energy incentives next week, a Treasury official said on Wednesday.

Read more hereRead More

Stellantis marks milestone for Kokomo EV battery factory

Stellantis marks milestone for Kokomo EV battery factory

Wednesday, March 22, 2023

KOKOMO, Ind. - European automaker Stellantis and South Korea-based Samsung SDI on Wednesday marked a construction milestone for the joint venture’s $2.5 billion electric vehicle battery manufacturing facility in Kokomo.

Read more hereRead More

Albemarle to build $1.3 bln lithium plant in South Carolina

Albemarle to build $1.3 bln lithium plant in South Carolina

Wednesday, March 22, 2023

March 22 (Reuters) - Albemarle Corp (ALB.N) said on Wednesday it had chosen Chester County, South Carolina, as the location for a $1.3 billion lithium processing plant it hopes will cement its status as a cornerstone of the rapidly growing U.S. electric vehicle industry.

Read more hereRead More

The Number of Light-Duty All-Electric Vehicle Models Nearly Doubled from Model Year 2021 to 2022

The Number of Light-Duty All-Electric Vehicle Models Nearly Doubled from Model Year 2021 to 2022

Monday, March 20, 2023

The number of light-duty all-electric vehicles (EVs) available to consumers has increased since the introduction of the first mass market EVs over a decade ago. The number of models nearly doubled from model year 2021 to 2022, going from 20 to 38. The number of EV models in 2022 also surpassed the number of plug-in hybrid electric vehicle (PHEV) models for the first time since 2014.

Read more hereRead More

Pages