The Energy Department’s Advanced Technology Vehicles Manufacturing Program (ATVMP) hasn’t offered a loan to an electric car maker since 2010, but it’s ready to offer money once again. As Reuters reports, the Energy Department is providing a $2.5 billion loan to the GM and LG joint venture Ultium Cells for the sake of constructing EV… Continue reading GM secures $2.5 billion government loan to build EV battery factories
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GM joint venture to receive $2.5B government loan for US battery plants
The U.S. Department of Energy is reviving an old loan program and its first recipient is the joint battery venture between General Motors and LG Energy Solution. The $2.5 billion loan issued to GM and LG Energy will be used to help finance the construction of new lithium-ion battery cell manufacturing facilities. Reuters was first… Continue reading GM joint venture to receive $2.5B government loan for US battery plants
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
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
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
US resurrects green energy loan program that helped put Tesla on the map
The Department of Energy’s Advanced Technology Vehicles Manufacturing program, which famously helped put Tesla on the map, is set to hand out its first loan in over a decade. The department will announce a $2.5 billion loan to a joint venture of General Motors and LG Energy Solution to help fund the construction of a… Continue reading US resurrects green energy loan program that helped put Tesla on the map
Automotive Keyless Entry System Market to Reach $5.36 Billion, Globally, by 2031 at 12.8% CAGR: Allied Market Research
Increase in product development to cater to the changing demand patterns and use of smart technology for vehicle safety and improved convenience drive the global automotive keyless entry system market. PORTLAND, Ore., July 25, 2022 /PRNewswire/ — Allied Market Research recently published a report, titled, “Automotive Keyless Entry System Market by Sales Channel (OEM and Aftermarket),… Continue reading Automotive Keyless Entry System Market to Reach $5.36 Billion, Globally, by 2031 at 12.8% CAGR: Allied Market Research
NaaS Technology Partners with NavInfo’s Subsidiary Ohways to Jointly Develop a New Smart Charging Ecosystem
BEIJING, July 25, 2022 /PRNewswire/ — NaaS Technology Inc. (NASDAQ: NAAS, “NaaS” or “the Company”), a leading electric vehicle (EV) charging service provider in China, and NavInfo’s smart charging integration solutions subsidiary Ohways recently signed an agreement where both parties will integrate their abundant resources and strong capabilities in smart EV mobility and charging services,… Continue reading NaaS Technology Partners with NavInfo’s Subsidiary Ohways to Jointly Develop a New Smart Charging Ecosystem
Cleantechnica: Loneliness of the Long-Distance Tesla Uber Driver 002130
Lack of charging infrastructure can give a Tesla Uber driver the blues. By Adam Nelson, as told to David Waterworth For over 6 years, I have provided transportation services for Uber, Didi, Ola, and my own business, while accepting various other rideshare bookings. Last year, I purchased a Tesla Model 3 Standard Range. I have… Continue reading Cleantechnica: Loneliness of the Long-Distance Tesla Uber Driver 002130
Clean Technica: We Spent $95 To Drive 2,700 Miles On A Summer Roadtrip. Life With An EV Is Sweet Indeed002128
For the second year in a row, my family embarked on a massive EV road trip. Five of us — my wife, 3 year-old, 7-year-old, and 17-year old exchange student — piled into a rented Model 3 and drove 2,661 miles across the Northeast to see family and friends and enjoy seven beautiful states. What… Continue reading Clean Technica: We Spent $95 To Drive 2,700 Miles On A Summer Roadtrip. Life With An EV Is Sweet Indeed002128