Giant auto supplier Magna International won the contract to supply battery enclosures on the 2024 Chevrolet Silverado electric pickup, work that is expected to create hundreds of new jobs in Michigan. On Monday, Magna announced it will produce the enclosures at its Magna Electric Vehicle Structures facility in St. Clair, where it already makes the battery… Continue reading Magna to add jobs at Michigan plant after winning GM Silverado EV business
Category: US Motoring Press
Ford to move forward with $3.5 billion EV battery plant with Chinese company
watch now DETROIT – Ford Motor said Monday it will collaborate with a Chinese supplier on a new $3.5 billion battery plant for electric vehicles in Michigan, despite tensions between the U.S. and China. The anticipated announcement of the deal between Ford and Contemporary Amperex Technology Co., or CATL, follows Virginia Gov. Glenn Youngkin saying… Continue reading Ford to move forward with $3.5 billion EV battery plant with Chinese company
Lidar makers Ouster and Velodyne complete their merger, creating a sector powerhouse
The New York Stock Exchange welcomes Ouster Inc. (NYSE: OUST), today, Friday, March 12, 2021, in celebration of its Initial Listing. To honor the occasion, Ouster CEO Angus Pacala, joined by Chris Taylor, Vice President, NYSE Listings and Services, rings The Opening Bell®. NYSE Lidar makers Ouster and Velodyne said on Monday that they have… Continue reading Lidar makers Ouster and Velodyne complete their merger, creating a sector powerhouse
Chinese EV brand Zeekr is now worth more than Xpeng
Pictured here is a Zeekr electric vehicle charging station in Dongguan, Guangdong province of China, on Nov. 14, 2022. Vcg | Visual China Group | Getty Images BEIJING — Geely-backed electric car brand Zeekr said Monday it’s now valued at $13 billion after a $750 million raise from Chinese battery giant CATL and others. Zeekr… Continue reading Chinese EV brand Zeekr is now worth more than Xpeng
Ford details $3.5 billion electric vehicle battery plant to be built in Marshall
Romulus — Ford Motor Co. signaled Monday that Michigan will play a central role in the Dearborn automaker’s bid to secure its electric-vehicle supply chain and diversify its battery technologies. The Blue Oval confirmed plans to invest $3.5 billion to build the first automaker-backed lithium iron phosphate battery plant in the United States. Ford is… Continue reading Ford details $3.5 billion electric vehicle battery plant to be built in Marshall
A child’s death prompts questions about brake safety on e-bikes
Two years ago, 12-year-old Molly Steinsapir was sitting behind her best friend on a borrowed electric bike when the girls started descending a steep hill in Los Angeles. Molly’s friend pulled the brakes, but the bike began to shimmy, and the girls crashed. Molly, who was wearing a helmet, sustained severe head injuries. After the… Continue reading A child’s death prompts questions about brake safety on e-bikes
Amazon’s self-driving car shuttles people on public roads for the first time
Zoox, the self-driving startup owned by Amazon.com, carried passengers in its fully autonomous vehicle on public roads for the first time. Last week, the electric vehicle, which doesn’t have a steering wheel, ran a mile-long route carrying staff between Zoox’s two main buildings in Foster City, California, the company said in a statement. The firm… Continue reading Amazon’s self-driving car shuttles people on public roads for the first time
Michigan Strategic Fund OKs $1 billion in aid for $3.5 billion Ford battery plant
The Michigan Strategic Fund approved Monday an incentive package worth more than $1 billion to support Ford Motor Co. on a multibillion-dollar investment to build an electric-vehicle battery plant in Calhoun County. Ford officials said Monday the company expects to invest $3.5 billion to construct the battery plant, called “Blue Oval Battery Park Michigan.” The… Continue reading Michigan Strategic Fund OKs $1 billion in aid for $3.5 billion Ford battery plant
Toyota’s CEO-to-be outlines leadership team bullish for EV push
Tokyo — The next president at Japan’s top automaker Toyota Motor Corp., Koji Sato, introduced a management team Monday that he said will lead an aggressive push on electric vehicles. Sato stressed that “electrification” is a key theme for his team and promised to develop a totally new, next-generation electric vehicle by 2026. That will… Continue reading Toyota’s CEO-to-be outlines leadership team bullish for EV push
Toyota to adopt ‘EV-first’ approach under new boss
Toyota will adopt a “BEV-first” strategy led by its luxury brand Lexus under incoming CEO Koji Sato. Speaking for the first time since being named the successor to 13-year CEO Akio Toyoda, Sato said the company will accelerate the development of next-generation electric cars, with Lexus launching an all-new EV by 2026. Read more: Akio Toyoda becomes… Continue reading Toyota to adopt ‘EV-first’ approach under new boss