UAW Local 5960 member Kimberly Fuhr inspects a Chevrolet Bolt EV during vehicle production on May 6, 2021, at the General Motors Orion Assembly Plant in Orion Township, Michigan. Steve Fecht for Chevrolet General Motors said Tuesday its venture capital arm will lead a $50 million financing round for EnergyX, a Texas-based startup developing a… Continue reading General Motors will lead a $50 million funding round for lithium extraction startup EnergyX
Category: US Motoring Press
Ford to invest $1.3B in Oakville, Ontario, plant to build EVs
Ford Motor Co. is investing $1.3 billion (1.8 billion Canadian dollars) to transform its Oakville Assembly Plant in Ontario to assemble multiple electric vehicles and battery packs. The announcement makes due on a commitment reached in the Dearborn automaker’s 2020 labor agreement with Unifor, the Canadian autoworkers’ trade union. That included a $1.44 billion (1.95… Continue reading Ford to invest $1.3B in Oakville, Ontario, plant to build EVs
Michigan lawmakers weighing ban on handheld cellphone use while driving
Lansing — State lawmakers on Tuesday heard from three individuals whose loved ones were killed by distracted driving as the Legislature makes its latest push to ban handheld cellphone use while driving. Advocates pushed for passage of the bill by Memorial Day in time for the summer months, when traffic deaths typically increase. The legislation… Continue reading Michigan lawmakers weighing ban on handheld cellphone use while driving
GM leads $50 million funding round in EnergyX lithium startup
Energy Exploration Technologies Inc. and General Motors Co. on Tuesday said the automaker’s investment arm GM Ventures is leading a $50 million Series B financing round for the lithium startup. The companies also said they entered into a strategic agreement to develop EnergyX’s lithium extraction and refinery technology. The collaboration between GM and EnergyX “is… Continue reading GM leads $50 million funding round in EnergyX lithium startup
Poll: 4 in 10 say next vehicle may be electric
Washington — Many Americans aren’t yet sold on going electric for their next cars, a new poll shows, with high prices and too few charging stations the main deterrents. About 4 in 10 U.S. adults are at least somewhat likely to switch, but the history-making shift from the country’s century-plus love affair with gas-driven vehicles… Continue reading Poll: 4 in 10 say next vehicle may be electric
Tesla to open battery factory in Shanghai as China seeks foreign investment
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Toyota plug-in hybrids to offer 124-mile electric-only range
As such, Toyota isn’t favouring PHEVs over BEVs, remaining committed to a multi-energy approach including BEVs, PHEVs, HEVs, FCEVs, hydrogen combustion, synthetic fuels and biofuels. Sato said: “We will work to promote electrified vehicles and reduce CO2 emissions with leaving no one behind, including in emerging markets. “Through this all-direction approach, we aim to reduce average CO2 emissions for vehicles… Continue reading Toyota plug-in hybrids to offer 124-mile electric-only range
Watch: BYD cars jump on demand with radical suspension tech
Chinese giant BYD has revealed an all-new intelligent suspension system with vertical motion control, dubbed “the most advanced vehicle body control system of the industry globally”. Called BYD Disus Intelligent Body Control, the system will be fitted to models across the BYD vehicle group, including BYD, Denza, Yangwang and a new brand that will be launched… Continue reading Watch: BYD cars jump on demand with radical suspension tech
Mahindra Racing appoints R Velusamy as Chairman
R Velusamy – Senior Vice President and head of Automotive Product Development at Mahindra & Mahindra – is taking on an additional role within the Mahindra family. Alongside his current role, he’s also been appointed Chairman of Mahindra Racing in a move that will further bridge Mahindra’s passenger vehicle and racing operations. Velusamy has been… Continue reading Mahindra Racing appoints R Velusamy as Chairman
Kia breaks ground on electric purpose-built vehicles factory
Kia held a ground-breaking ceremony today for its dedicated plant for the production of battery-electric purpose-built vehicles (PBV). Kia President and CEO Ho Sung Song, on behalf of Hyundai Motor Group, said: “Hyundai Motor, Kia, and Hyundai Mobis together plan to invest KRW 24 trillion in the domestic EV industry by 2030, with the goal… Continue reading Kia breaks ground on electric purpose-built vehicles factory