Ultium Cells LLC, the joint venture between General Motors and LG Energy Solution, is eyeing northern Indiana for its next — and fourth — battery cell factory. Ultium spokewoman Brooke Waid told the Free Press on Friday that the company is developing a “competitive business case for a potential large investment” to potentially be in New Carlisle, Indiana. New Carlisle is a few… Continue reading GM’s joint venture considers location near Michigan border for 4th battery plant
Tag: Electric vehicles
GM to reinstate a dividend and start stock buybacks, signaling confidence
In what is often seen as a sign of confidence and a way to entice investor loyalty, General Motors is reinstating its dividend. It is also going to restart stock buybacks as GM continues its major investment in its transition to electric vehicles and self-driving technology. The automaker said Friday its Board of Directors has authorized the reinstatement of a… Continue reading GM to reinstate a dividend and start stock buybacks, signaling confidence
@Hyundai: Shocking The Performance World: The 576-HP Kia EV6 GT Debuts at Monterey Car Week
EV6 GT Shocks the Performance Car Establishment at the World’s Most Exclusive Gathering of Automotive Enthusiasts Most powerful Kia production vehicle ever: 576-HP all-electric Kia EV6 GT accelerates from 0 to 60 mph in 3.4 seconds, with a top speed of 161 mph[1] Engineered to compete with supercars: AMCI-certified winner of drag race against Ferrari… Continue reading @Hyundai: Shocking The Performance World: The 576-HP Kia EV6 GT Debuts at Monterey Car Week
Ford’s Quarterly Profit Is Up Nearly 20% From a Year Earlier
Automakers are seeing improvements in the supply of computer chips, but shortages continue to disrupt production. The latest reading on the situation comes from Ford Motor, which said Wednesday that its second-quarter profit had risen nearly 20 percent from a year earlier, when the global chip shortage took a severe toll on its operations. The… Continue reading Ford’s Quarterly Profit Is Up Nearly 20% From a Year Earlier
Lucid launches new EV performance brand with a three-motor $249,000 sedan
Lucid Group, the publicly traded EV manufacturer, has launched a new high-performance luxury brand called Sapphire that pushes the bounds of performance and price. As part of the public debut, which occurred Friday morning at the Quail Lodge during Monterey Car Week, the company gave its first EV — the Lucid Air sedan — the… Continue reading Lucid launches new EV performance brand with a three-motor $249,000 sedan
GM, citing ‘consistently strong earnings,’ to reinstate dividend, resume stock buybacks
General Motors Co. is reinstating its quarterly dividend for shareholders after suspending it in April 2020 in response to the coronavirus pandemic, the Detroit automaker said Friday. A dividend of 9 cents per share of the company’s common stock will be paid out on Sept. 15 to shareholders of record as of the close of business… Continue reading GM, citing ‘consistently strong earnings,’ to reinstate dividend, resume stock buybacks
EV startup Karma would like DeLorean to go back in time and not steal its trade secrets
The effort to electrify an iconic car has run into its first speed bump. Earlier this month, electric vehicle company Karma Automotive filed a lawsuit against DeLorean Motors Reimagined, the Texas-based company that holds the branding rights for the original DeLorean Motor Company (DMC), and four of its employees, alleging stolen intellectual property. More broadly,… Continue reading EV startup Karma would like DeLorean to go back in time and not steal its trade secrets
@Fisker: Fisker Ocean in Demand: Company Considering Production Expansion Beyond 50K Units Per Year as Sport and Ultra Trims Sell Out in U.S.; Strong Enthusiasm Sets Tone for Possible American Manufacturing000094
LOS ANGELES–(BUSINESS WIRE)–Fisker Inc. (NYSE: FSR) (“Fisker”) – passionate creator of the world’s most sustainable electric vehicles and advanced mobility solutions – announces that current Fisker Ocean production numbers of 50,000 per year may expand in 2024 due to strong consumer demand from across the globe. In July 2022, the 5,000-unit Fisker Ocean ONE limited… Continue reading @Fisker: Fisker Ocean in Demand: Company Considering Production Expansion Beyond 50K Units Per Year as Sport and Ultra Trims Sell Out in U.S.; Strong Enthusiasm Sets Tone for Possible American Manufacturing000094
Evolve Houston’s new executive director launches the eMobility Microgrant Initiative at Evolve Relaunch Event
HOUSTON, Aug. 19, 2022 /PRNewswire/ — Evolve Houston’s new President and Executive Director Casey Brown announced an all-new Equity Program with the launch of the eMobility Microgrant Initiative funded by Evolve Corporate Catalysts, General Motors and bp. This initiative will facilitate a peer-review process to award microgrants to local electromobility “eMobility” projects that address community… Continue reading Evolve Houston’s new executive director launches the eMobility Microgrant Initiative at Evolve Relaunch Event
Electrify America to deploy public and fleet charging stations at 25 IKEA locations
IKEA has announced a collaboration with Electrify America and Electrify Commercial to bring ultra-fast public charging stations and delivery fleet vehicle charging to over 25 IKEA retail locations throughout the US. IKEA US aims to achieve zero-emission home deliveries by 2025, and to halve tailpipe emissions from customer and co-worker travel by 2030. The new… Continue reading Electrify America to deploy public and fleet charging stations at 25 IKEA locations