GM Defense to Provide Battery Electric Technology to Defense Innovation Unit 2022-10-06 WASHINGTON, D.C. — GM Defense, a subsidiary of General Motors, was selected by the Defense Innovation Unit (DIU) to develop a battery pack prototype for testing and analysis on Department of Defense platforms. GM Defense will leverage GM’s most advanced battery technology, the… Continue reading @GM: GM Defense to Provide Battery Electric Technology to Defense Innovation Unit
Tag: Electric vehicles
Michigan is becoming the center of US battery manufacturing
Michigan, long the automotive manufacturing capital of the United States, is now getting pumped with investment both publicly and privately to build out a series of battery manufacturing plants that will power the wave of electric vehicles coming to market. The demand for domestically produced batteries has reached new peaks after the passage of the… Continue reading Michigan is becoming the center of US battery manufacturing
Honda unveils the Prologue, its first electric SUV
Honda has unveiled the design of the Prologue, its first electric SUV and a vehicle codeveloped with General Motors. Like most of its Japanese peers in the auto industry, Honda has been a laggard when it comes to all-electric vehicles. The automaker focused too much on hydrogen fuel cells and hybrids, which resulted in a… Continue reading Honda unveils the Prologue, its first electric SUV
Toyota will resume bZ4X EV sales following safety recall concerning its wheels falling off
Global automaker and hybrid zealot Toyota announced it will resume sales of its first mass-produced battery EV – the bZ4X, following a safety recall concerning risk that its wheels could fall off. Months later, the Japanese automaker appears to have found a fix to the manufacturing defect (as well as a previously undiscovered safety issue)… Continue reading Toyota will resume bZ4X EV sales following safety recall concerning its wheels falling off
Tesla (TSLA) has been upgraded to investment grade by S&P
Tesla (TSLA) has been officially upgraded to investment grade long-term credit rating by S&P Global Ratings. Despite delivering profits for more than two years straight and building a cash position of over $18 billion while sitting on very little debt, Tesla was still rated as a “junk bond” by rating companies like S&P Global Ratings and… Continue reading Tesla (TSLA) has been upgraded to investment grade by S&P
The climate investor who bet right on ExxonMobil on how to stay ahead of the market for the next decade
A view of the Exxon Mobil refinery in Baytown, Texas. Jessica Rinaldi | Reuters Jennifer Grancio was among the leaders at Engine No. 1, the upstart investing firm focused on climate and energy transition, that bested ExxonMobil in a 2021 proxy contest upset few saw coming. What Engine No. 1 decided to do next was maybe… Continue reading The climate investor who bet right on ExxonMobil on how to stay ahead of the market for the next decade
Mercedes-Benz CEO says luxury drivers will help spur the transition to electric vehicles
A charging port is seen on a Mercedes Benz EQC 400 4Matic electric vehicle at the Canadian International AutoShow in Toronto, Ontario, Canada, February 13, 2019. Mark Blinch | Reuters Mercedes-Benz CEO Ola Kallenius told CNBC’s Jim Cramer that while he thinks there will be a market for vehicles with internal combustion engines for a… Continue reading Mercedes-Benz CEO says luxury drivers will help spur the transition to electric vehicles
More car buyers pay at least $1,000 a month for their loans as high prices, rate hikes throw ‘a one-two punch’
Skynesher | E+ | Getty Images A growing share of car buyers are signing up for monthly loan payments of $1,000 or more amid rising interest rates and elevated auto prices, new research shows. Overall, 14.3% of consumers who financed a new vehicle in the third quarter committed to payments at or above that amount,… Continue reading More car buyers pay at least $1,000 a month for their loans as high prices, rate hikes throw ‘a one-two punch’
Rivian needs to sharply ramp up EV production to meet 2022 targets — Wall Street is betting it can
A Rivian R1T truck body lowered onto a chassis in the assembly line at the Rivian electric vehicle plant in Normal, Illinois. Georgia is giving the company $1.5 billion in subsidies to bring a new $5 billion EV plant to the southern state. Brian Cassella | Tribune News Service | Getty Images Electric vehicle startup… Continue reading Rivian needs to sharply ramp up EV production to meet 2022 targets — Wall Street is betting it can
GM Defense selected to develop battery prototype for military use
GM Defense, a subsidiary of General Motors Co., has been selected by the Pentagon’s Defense Innovation Unit to develop a battery pack prototype for testing and analysis on Department of Defense platforms, the company said Thursday. DIU is focused on accelerating the adoption of commercial technology for the U.S. military. GM Defense will use GM’s… Continue reading GM Defense selected to develop battery prototype for military use