Toyota announced today that it will invest approximately $3.4 billion (380 billion yen) in automotive batteries in the United States through 2030. Specifically, the investment is for developing and localizing automotive battery production, including those for battery electric vehicles, and is part of the global total of approx. $13.5 billion (1.5 trillion yen) set aside… Continue reading @Toyota: Toyota Charges into Electrified Future in the U.S. with 10-year, $3.4 billion Investment
Tag: Electric vehicles
@Groupe PSA: PR Stellantis and LG Energy Solution to Form Joint Venture for Lithium-Ion Battery Production in North America002675
AMSTERDAM – Stellantis N.V. (NYSE / MTA / Euronext Paris: STLA) and LG Energy Solution today announced that their companies have entered into a memorandum of understanding to form a joint venture to produce battery cells and modules for North America. The parties intend that the joint venture will establish a new battery manufacturing facility… Continue reading @Groupe PSA: PR Stellantis and LG Energy Solution to Form Joint Venture for Lithium-Ion Battery Production in North America002675
@BMW: BMW i Ventures Announces Investment in Battery Startup Our Next Energy.001533
Mountain View, CA – October 18, 2021 – BMW i Ventures announced today an investment in Our Next Energy Inc. (ONE), a Michigan-based energy storage solutions company working to develop longer range, lower cost batteries for electric vehicles. “Our Next Energy is working to fundamentally reinvent the battery while focusing on sustainability, safety and cost; three… Continue reading @BMW: BMW i Ventures Announces Investment in Battery Startup Our Next Energy.001533
Foxconn’s electric vehicles face an uphill struggle
Apple supplier enters the competitive EV market as profits from consumer electronics decline Go to Source
New Ineos Grenadier FCEV to use Hyundai’s hydrogen technology – Autocar
Ineos will use Hyundai’s fuel cell (FCEV) powertrain technology for a hydrogen-fuelled concept version of the Grenadier 4×4, which is highly likely to evolve into a series-production car. As part of a wide-reaching plan to ramp up its investment in hydrogen technology, Ineos will build the prototype in partnership with UK-based engineering firm AVL, ahead… Continue reading New Ineos Grenadier FCEV to use Hyundai’s hydrogen technology – Autocar
Toyota Charges into Electrified Future in the U.S. with 10-year, $3.4 billion Investment
To drive battery production localization, Toyota Motor North America also announced today that it will establish a new company and build an automotive battery plant together with Toyota Tsusho in the U.S. Aiming to start production in 2025, the project includes an investment of approximately $1.29 billion until 2031, which includes funds that will be… Continue reading Toyota Charges into Electrified Future in the U.S. with 10-year, $3.4 billion Investment
HiPhi X Super SUV Tops Domestic Premium EV Sales for September
Starting from RMB 570,000, the HiPhi X falls under the premium electric vehicle segment, which is defined by selling price over RMB 500,000. For the month of September, sales of HiPhi X increased by 36.7% to 641 units, surpassing Porsche‘s Taycan which sold 585 units. This increase of sales secured HiPhi X as the most… Continue reading HiPhi X Super SUV Tops Domestic Premium EV Sales for September
Disrupted · 7:37 AM UTCBefore debt woes, China Evergrande’s ambitious car making goals stunned industryAt the Shanghai Auto Show in April, the booth f…
SHANGHAI/HONG KONG, Oct 18 (Reuters) – At the Shanghai Auto Show in April, the booth for China Evergrande Group’s new energy vehicle (NEV) unit (0708.HK), (3333.HK) was hard to miss. One of the largest exhibitions at the event, in a prime spot opposite BMW (BMWG.DE), the property developer-backed unit showed off nine concept vehicle models… Continue reading Disrupted · 7:37 AM UTCBefore debt woes, China Evergrande’s ambitious car making goals stunned industryAt the Shanghai Auto Show in April, the booth f…
Northvolt partners with Swedish cleantech startup to upcycle 200.000 tons of salt per year
Stockholm, Sweden – Northvolt and Cinis Fertilizer, a Swedish startup on a mission to produce sustainable and circular fertilizer, today announced the signing of an offtake agreement for sodium sulfate salt to be recovered from battery manufacturing processes and repurposed for commercial use. Emma Nehrenheim, Chief Environmental Officer, Northvolt, commented: “The recovery of this salt… Continue reading Northvolt partners with Swedish cleantech startup to upcycle 200.000 tons of salt per year
Taiwan’s Foxconn shows off three electric vehicle prototypes
Foxtron Vice Chairman Tso Chi-sen told reporters that electric vehicles would be worth a trillion Taiwan dollars to Foxconn in five years time – a figure equivalent to around $35 billion. TAIPEI: Taiwan tech giant Foxconn unveiled its first three electric vehicle prototypes on Monday, underscoring ambitious plans to diversify away from its role of… Continue reading Taiwan’s Foxconn shows off three electric vehicle prototypes