GM’s first Ultium battery plant in Lordstown, Ohio has voted to join the United Auto Workers, with 98% of workers voting in favor of union representation. Ultium is GM’s battery joint venture with LG Energy. GM will establish at least four factories in the US to build the batteries for their upcoming EVs. Just today,… Continue reading GM’s Ultium battery plant votes overwhelmingly to unionize with UAW
Author: Electrek Newsfeed
Ultium Cells $275M investment will boost battery cell output for GM EVs by 40%
Ultium Cells will invest $275 million in its Spring Hill, Tennessee, battery plant to expand EV battery cell output by 40%. The new expansion will help fuel GM’s aggressive EV strategy as it ramps production. Ultium Cells was formed through a joint venture between GM and LG Energy Solutions. The Spring Hill, Tennessee, location is… Continue reading Ultium Cells $275M investment will boost battery cell output for GM EVs by 40%
2022 was Tesla’s best year ever, but not for its stock (TSLA), and investors are not happy
2022 was undoubtedly Tesla’s best year ever financially and for vehicle deliveries, but it has not been for its stock (TSLA), and now investors are unhappy and telling the board about it. If you were to just look at Tesla’s quarterly reports this year, you would think that Tesla shareholders are having a great year.… Continue reading 2022 was Tesla’s best year ever, but not for its stock (TSLA), and investors are not happy
A new Tesla neighborhood launches with Powerwalls in Las Vegas
A new ‘Tesla neighborhood’ has launched in Las Vegas with Tesla Powerwalls and solar power in every home. Tesla neighborhood is a term that is being used for new developments where all the homes integrate all or part of Tesla’s power ecosystem, including the Powerwall home battery pack. The best example is a new giant… Continue reading A new Tesla neighborhood launches with Powerwalls in Las Vegas
Honda just secured enough battery capacity to put 1 million EVs on the road
Honda is teaming up with China’s Contemporary Amperex Technology, or CATL as its best known, to supply batteries for over 1 million electric vehicles. CATL supplying 123 GWh of batteries to power Honda EVs The Japanese automaker and CATL jointly announced Thursday that Honda would purchase 123 GWh of batteries to power fully electric vehicles… Continue reading Honda just secured enough battery capacity to put 1 million EVs on the road
Tesla (TSLA) has a new ‘Champion of People,’ aka head of HR
Tesla (TSLA) has hired Chris Winton, former chief people officer at FedEx, in the automaker’s new role of “Champion of the People,” better known as the head of human resources. Earlier this year, Tesla’s head of HR, Valerie Capers Workman, left the company. Workman had brought some stability to the department that saw three different… Continue reading Tesla (TSLA) has a new ‘Champion of People,’ aka head of HR
Tesla (TSLA) faces more rumors that it is cutting production in China
Tesla (TSLA) is again facing rumors that it is cutting production in China amid lower demand, even after cutting prices on its electric vehicles. Over the last few months, Tesla has pulled on several “demand levers” to boost demand in China. We reported in October that Tesla reduced the price of the Model 3 and Model… Continue reading Tesla (TSLA) faces more rumors that it is cutting production in China
Elon Musk might need new Tesla-backed margin loans to support Twitter
Elon Musk’s bankers are considering Tesla (TSLA) stock-backed margin loans to support Twitter, which is under heavy interest expenses. Stock-backed margin loans are a popular way for billionaires whose money is tied up in stocks to get some cash. You can be worth $100 billion on paper, but if all that money is tied up… Continue reading Elon Musk might need new Tesla-backed margin loans to support Twitter
All-electric Chevy Camaro and Cadillac Escalade brands will be the next GM EV spinoffs
To be the best, you’ve got to beat the best. General Motors plans to transition several iconic brands into the EV era as the automaker gears up for an all-electric future. The latest names under consideration for an EV spinoff are two timeless classics – the Chevrolet Camaro and the Cadillac Escalade. Sources from within… Continue reading All-electric Chevy Camaro and Cadillac Escalade brands will be the next GM EV spinoffs
Honda unveils $7,300 light electric van to meet the high demand for commercial EVs
An electric vehicle for around $7,300? You heard that right. Honda announced today a new light commercial electric van set to launch in spring 2024 that’s ideal for both personal and business use. Honda unveils electric “N-VAN” light commercial van With a starting price of 1 million yen, which currently amounts to about $7,300, Honda’s… Continue reading Honda unveils $7,300 light electric van to meet the high demand for commercial EVs