GM and LG Energy Solution, through their Ultium partnership, announced a giant new 50 GWh battery cell factory coming to Lansing, Michigan in the US. It’s going to be the third Ultium battery factory to support GM’s EV ambitions. At Electrek, we always say that if you want to gauge how serious an automaker is… Continue reading GM and LG announce giant new 50 GWh battery cell factory in the US
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General Motors will build a third EV battery factory in the US
General Motors announced a $7 billion investment in growing its electric vehicle manufacturing capabilities in Michigan, calling it “the single largest investment announcement in GM history.” The company will spend the money on four manufacturing sites, with plans to create 4,000 new jobs and retain another 1,000 in the state. The investment includes construction of… Continue reading General Motors will build a third EV battery factory in the US
Seven CEOs and one secretary of transportation on the future of cars
Regular listeners of Decoder know car CEOs love coming on the show. There is a lot of change in the car industry, a lot of big ideas about how to manage that change, and a lot of big problems to solve: the transition to electric vehicles, the fact that cars are basically turning into rolling… Continue reading Seven CEOs and one secretary of transportation on the future of cars
Chinese automaker Changan to list EV unit around 2025
Chinese state-run automaker Chongqing Changan Automobile plans to list its electric vehicle (EV) unit around 2025, the China Securities Journal said on Tuesday. The unit completed fundraising round B on Monday, said the paper, reaping 5 billion yuan ($789.84 million), 2 billion yuan over its planned target. Changan did not immediately respond to a request for comment. Reuters reported last year that the unit was planning to list on STAR Market.… Continue reading Chinese automaker Changan to list EV unit around 2025
Chinese part supplier orders super die-casting machines from Tesla partner, could NIO and Xpeng adopt one-piece manufacturing?
Guangdong Hongtu Technology (GHT), a part supplier to Chinese EV automakers like NIO and XPeng, announced it will begin developing a 12,000-ton die-casting unit with the help of Tesla supplier LK Technology. Recent responses from representatives at NIO and XPeng hint that they might soon be using GHT’s large, one-piece die-casting machines to manufacture their… Continue reading Chinese part supplier orders super die-casting machines from Tesla partner, could NIO and Xpeng adopt one-piece manufacturing?
Tesla now operates the most productive car factory in the US
Tesla is now operating the most productive car factory in the US, according to a new report tracking all US auto factories. Just a few years ago, many players in the auto industry couldn’t imagine that Tesla could become a major manufacturer. After all, it was the first US car startup to not go bankrupt… Continue reading Tesla now operates the most productive car factory in the US
Ford reportedly suspends reservations of its Maverick hybrid pickup truck
Ford’s hot-in-demand 2022 Maverick pickup truck appears to be sold out, with The Wall Street Journal reporting that the automaker has taken the unusual step of suspending reservations. Ford reached out to its dealers to tell them it was suspending customer orders, the Journal reports. The company will resume taking orders for the plug-in hybrid… Continue reading Ford reportedly suspends reservations of its Maverick hybrid pickup truck
The Station: How ADAS is failing drivers, Luminar’s lidar and data deal, GM expands its hydrogen fuel cell plans
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox. Hello readers: Welcome to The Station, your central hub for all past, present and future means of moving people and packages from Point A to Point B. Amid… Continue reading The Station: How ADAS is failing drivers, Luminar’s lidar and data deal, GM expands its hydrogen fuel cell plans
India’s Ola Electric raises $200m from Tekne, Edelweiss, others at $5b valuation
Indian electric vehicles maker Ola Electric announced on Monday that it has raised over $200 million from Tekne Private Ventures, Alpine Opportunity Fund, Edelweiss and others at a valuation of $5 billion. The latest financing comes within two months of the Bengaluru-based startup securing about $53 million led by Singapore’s state investment firm Temasek, with… Continue reading India’s Ola Electric raises $200m from Tekne, Edelweiss, others at $5b valuation
Ola Electric valued at $5 billion in new funding
Ola Electric said on Monday it has raised $200 million in a new financing round even as the Indian ride-hailing giant’s spin off struggles to deliver its maiden electric scooter to customers and questions about its work culture have been raised. Tekne Private Ventures, Alpine Opportunity Fund, Edelweiss are among those was financed the new… Continue reading Ola Electric valued at $5 billion in new funding