The Energy Department on Thursday announced a $2 billion loan to help a Nevada company step up production of critical components of electric vehicle batteries. The company, Redwood Materials, plans to use the loan to expand a manufacturing campus near Reno, Nev., where it makes some of the components from new and recycled sources. The… Continue reading Energy Department Will Loan $2 Billion to Redwood Materials
Author: New York Times Online News
LG Will Spend $5.5 Billion on a Battery Factory in Arizona
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. The company, LG Energy Solution, said it would invest $5.5 billion to build the complex near Phoenix, where it… Continue reading LG Will Spend $5.5 Billion on a Battery Factory in Arizona
With a Redesigned Car, Mercedes Hopes It Can Unseat Red Bull as F1 Champion
There was a period during its record streak of eight consecutive world championships from 2014 to 2021 that Mercedes seemed unbeatable. Yet when new rules were introduced to Formula 1 last year, changing the car designs to provide better racing, Mercedes’ prospects strikingly changed. The team failed to adjust to the new rules as well… Continue reading With a Redesigned Car, Mercedes Hopes It Can Unseat Red Bull as F1 Champion
Carmakers Are Pushing Autonomous Tech. This Engineer Wants Limits.
Last fall, Missy Cummings sent a document to her colleagues at the National Highway Traffic Safety Administration that revealed a surprising trend: When people using advanced driver-assistance systems die or are injured in a car crash, they are more likely to have been speeding than people driving cars on their own. The two-page analysis of… Continue reading Carmakers Are Pushing Autonomous Tech. This Engineer Wants Limits.
Ford Halts F-150 Electric Pickup Truck Output Over Battery
Ford Motor has stopped production and shipments of its electric pickup truck, the F-150 Lightning, while it looks into a potential problem with the vehicle’s battery pack. “As part of our predelivery quality inspections, a vehicle displayed a potential battery issue and we are holding vehicles while we investigate,” the company said Tuesday in a… Continue reading Ford Halts F-150 Electric Pickup Truck Output Over Battery
Tesla Workers in Buffalo Begin Union Drive
A group of workers at a Tesla factory in Buffalo began a campaign on Tuesday to form a union, saying they want better pay and benefits. If successful, the effort could establish the first union at the fast-growing auto and energy company, which has fiercely resisted efforts to organize its employees. The factory in Buffalo… Continue reading Tesla Workers in Buffalo Begin Union Drive
Electric Vehicles Could Match Gasoline Cars on Price This Year
More quickly than seemed possible a few months ago, sticker prices for electric vehicles are falling closer to the point where they could soon be on a par with gasoline cars. Increased competition, government incentives and falling prices for lithium and other battery materials are making electric vehicles noticeably more affordable. The tipping point when… Continue reading Electric Vehicles Could Match Gasoline Cars on Price This Year
Energy Department Will Loan $2 Billion to Redwood Materials
The Energy Department on Thursday announced a $2 billion loan to help a Nevada company step up production of critical components of electric vehicle batteries. The company, Redwood Materials, plans to use the loan to expand a manufacturing campus near Reno, Nev., where it makes some of the components from new and recycled sources. The… Continue reading Energy Department Will Loan $2 Billion to Redwood Materials
General Motors Reaches Deal to Ensure Its Chip Supply
General Motors has reached an agreement with a large computer chip maker to help ensure it has a steady supply of semiconductors as it ramps up production of electric vehicles and complex components that require increases in computing power. Under the agreement, the chip maker, GlobalFoundries, agreed to set aside a portion of its manufacturing… Continue reading General Motors Reaches Deal to Ensure Its Chip Supply
Tesla’s Cybertruck Is Coming Soon. Maybe.
More than three years after Elon Musk stunned the auto industry with an electric pickup truck that looked more like a stealth fighter than a way to haul two-by-fours and drywall, Tesla said last month that it would begin building the vehicle by the end of 2023. The announcement has helped fuel a recovery in… Continue reading Tesla’s Cybertruck Is Coming Soon. Maybe.