NASHVILLE, Tenn., April 16, 2021 /PRNewswire/ — 2.8 million square-foot facility in Spring Hill, Tennessee, will create 1,300 new manufacturing jobs New plant will significantly increase GM’s ability to lead in the production of batteries at scale Leading Ultium battery technology is at the heart of GM’s EV strategy Ultium Cells LLC, a joint venture… Continue reading GM and LG Energy Solution Investing $2.3 Billion in 2nd Ultium Cells Manufacturing Plant in U.S.
Category: Newswire
Martinrea International Inc. Announces Joint Venture With NanoXplore to Develop Electric Vehicle Batteries Enhanced With Graphene
TORONTO, April 15, 2021 (GLOBE NEWSWIRE) — Martinrea International Inc. (TSX : MRE), a diversified and global automotive supplier engaged in the design, development and manufacturing of highly engineered, value-added Lightweight Structures and Propulsion Systems, is pleased to announce its joint venture, VoltaXplore Inc., with graphene producer NanoXplore Inc. to develop electric vehicle (EV) batteries… Continue reading Martinrea International Inc. Announces Joint Venture With NanoXplore to Develop Electric Vehicle Batteries Enhanced With Graphene
Hyundai Unveils Segment-Shattering Santa Cruz Sport Adventure Vehicle
“Santa Cruz, with its bold styling, breaks open all new segment territory, both for Hyundai and the industry as a whole. Open-bed flexibility coupled with closed-cabin security meets the changing everyday needs of its adventure-oriented buyers, while powerful and efficient engines and superb maneuverability ensure it is a pleasure to drive in urban or off-road… Continue reading Hyundai Unveils Segment-Shattering Santa Cruz Sport Adventure Vehicle
Alpha Motor Corporation Releases WOLF+™ (Wolf Plus), The Latest Innovation In Alpha Motor Corporation’s Pure Electric Truck Series
IRVINE, Calif., April 15, 2021 /PRNewswire/ — Alpha Motor Corporation has just unveiled the new WOLF+™ (pronounced “wolf plus”), the automotive company’s next pure electric pickup truck built on a shared platform that powers the preceding WOLF™. The Alpha WOLF+™ Electric Truck launch can be viewed at https://youtu.be/xXU9ZhXbWHk. Tweet this WOLF+™ puts an additional emphasis on… Continue reading Alpha Motor Corporation Releases WOLF+™ (Wolf Plus), The Latest Innovation In Alpha Motor Corporation’s Pure Electric Truck Series
Senmiao Technology Announces Cooperation with Hefei Cheyun to Launch Ride-Hailing Business in Hefei, China
CHENGDU, China, April 15, 2021 /PRNewswire/ — Senmiao Technology Limited (“Senmiao”) (Nasdaq: AIHS), a financing and servicing company focused on the online ride-hailing industry in China as well as an operator of its own online ride-hailing platform, today announced the signing of a joint operation agreement with Hefei Cheyun Information Technology Co., Ltd. (“Hefei Cheyun”), an… Continue reading Senmiao Technology Announces Cooperation with Hefei Cheyun to Launch Ride-Hailing Business in Hefei, China
World NM: SsangYong Motor again under court receivership, creditors aim to find new investor001107
SsangYong Motor Co. was placed under court receivership once again Thursday as its Indian parent Mahindra & Mahindra Ltd. has failed to attract an investor amid the prolonged COVID-19 pandemic and its financial status is further worsening. The Seoul Bankruptcy Court approved the debt-rescheduling process for SsangYong Motor as U.S. vehicle importer HAAH Automotive Holdings… Continue reading World NM: SsangYong Motor again under court receivership, creditors aim to find new investor001107
AMPLY Power and UES Partner to Deliver Vehicle-to-Grid Ready Electric School Buses and Trucks
“The future of resilient electric vehicle infrastructure must include V2G capabilities. It can help fleet operators be more energy resilient and achieve greater cost-savings, while strengthening their local grids,” said Vic Shao, CEO of AMPLY Power. A report by Precedence Research predicts that the global V2G technology market is expected to grow at a compound rate… Continue reading AMPLY Power and UES Partner to Deliver Vehicle-to-Grid Ready Electric School Buses and Trucks
TuSimple Announces Pricing of Initial Public Offering
SAN DIEGO, April 15, 2021 /PRNewswire/ — TuSimple Holdings Inc. (“TuSimple”), a global self-driving technology company, announced the pricing of its initial public offering of 33,783,783 shares of its Class A common stock at a price to the public of $40.00 per share, with 27,027,027 shares being offered by TuSimple and 6,756,756 shares being offered… Continue reading TuSimple Announces Pricing of Initial Public Offering
World NM: Hyundai executives to be investigated for insider trading001103
A dozen executives from South Korea’s Hyundai Motor are under investigation into whether they profiteered from insider information earlier this year. One month later, Hyundai denied a partnership with Apple, causing a slip of more than 6 percent in the Korean bourse. Either the FSC or its enforcement arm, the Financial Supervisory Service, is expected… Continue reading World NM: Hyundai executives to be investigated for insider trading001103
World NM: Hyundai Joins Samsung SDI in Developing Electric Car Batteries001101
Hyundai and Samsung SDI have agreed to develop cutting-edge cylindrical batteries for the automaker’s hybrid cars. It also wants to develop solid-state batteries with Samsung that charge faster than lithium-ion batteries and are also safer and more compact. Samsung SDI will be supplying batteries for an electric pickup truck to U.S. start-up Rivian. Go to… Continue reading World NM: Hyundai Joins Samsung SDI in Developing Electric Car Batteries001101