Tag: Tesla

GM joint venture gets $2.5 billion government loan to help build EV battery cell plants

General Motors’ joint venture with LG Energy Solution is on track to receive a multibillion-dollar loan from the U.S. government to build battery cell plants for electric vehicles, including one going up in Lansing. On Monday, the Department of Energy announced “a conditional commitment” for $2.5 billion to GM and LG’s 50-50 joint venture called Ultium Cells LLC.  “While this conditional… Continue reading GM joint venture gets $2.5 billion government loan to help build EV battery cell plants

GM’s new website, EV Live, connects potential buyers with EV specialists: What to know

General Motors has a new idea to encourage electric vehicle adoption: EV Live. On Monday morning, GM introduced and launched the new website, evlive.gm.com, which invites people to interact one-on-one with EV specialists to learn everything they need to know about EVs. GM leaders say it will be a key factor in helping more people feel comfortable with EV adoption. “Addressing… Continue reading GM’s new website, EV Live, connects potential buyers with EV specialists: What to know

Energy Department will lend G.M. and LG $2.5 billion to build battery factories.

The U.S. Energy Department said Monday that it would lend $2.5 billion to General Motors and LG Energy Solution to build battery factories, advancing the Biden administration’s plan to promote electric vehicles and reduce dependence on China for critical components. G.M. and LG Energy, a South Korean battery maker, are partners in Ultium, a joint… Continue reading Energy Department will lend G.M. and LG $2.5 billion to build battery factories.

Tesla will spend more to increase production at two new factories.

Tesla said on Monday that it was increasing spending by about $1 billion to ramp up its factories, develop new batteries and finance other projects. In a securities filing, Tesla said it expected capital expenditures to be $6 billion to $8 billion in 2022, up from an April forecast of $5 billion to $7 billion.… Continue reading Tesla will spend more to increase production at two new factories.

GM launches EV Live: A free, one-on-one virtual education service with EV specialists

To further spread the good word of EV adoption, General Motors (GM) has introduced EV Live – an immersive one-on-one experience where the public can call into a live studio of EV specialists and have all their questions answered virtually… oh, and it’s free. Score. As one of the world’s largest automakers, GM has recently… Continue reading GM launches EV Live: A free, one-on-one virtual education service with EV specialists

Average electric car price hit $66,000 in the US, but that’s not the whole story

The average electric car price in the United States hit $66,000 last month – a more than 13% increase year over year. That’s a bit disappointing since the promise has been that EV prices would come down, but this price increase isn’t the whole story. One of the biggest complaints about electric vehicles remains their… Continue reading Average electric car price hit $66,000 in the US, but that’s not the whole story

Tesla (TSLA) trademarks ‘Cyber Roundup’ ahead of rebranded annual shareholder meeting

Tesla has applied to trademark the term “Cyber Roundup” ahead of what looks like is going to be a rebranded annual shareholder meeting coming up next week. Like all other public companies, Tesla has to hold an annual shareholder meeting where shareholders can vote their shares on a bunch of different matters both brought forward… Continue reading Tesla (TSLA) trademarks ‘Cyber Roundup’ ahead of rebranded annual shareholder meeting

Tesla releases impressive footage of robot pulling still smoking casting from Giga Press

Tesla has released impressive new footage of one of its robots pulling a still smoking large casting part from one of its Giga Press machines. This new casting approach from Tesla is going to be critical for the future of the company and especially new vehicle programs like the Cybertruck. Over the last few years,… Continue reading Tesla releases impressive footage of robot pulling still smoking casting from Giga Press

To preserve jobs, UAW head says battery plants must be union

Southfield — If the United Auto Workers union can’t organize workers at new electric-vehicle battery factories that will supply Detroit’s three automakers, the union’s future would be in serious doubt. Ray Curry, president of the 372,000-member UAW, says union representation at the battery plants is critical, given that the major automakers are staking their futures… Continue reading To preserve jobs, UAW head says battery plants must be union