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GM, EV and Lithium Americas
GM to invest $625 million in joint venture to mine EV battery raw materials in U.S.
General Motors has agreed to establish a joint venture with Lithium Americas Corp. that includes the automaker supplying $625 million in cash and credit to the Canadian mining business, the companies announced Wednesday.
GM doubles down on EV batteries, invests $625M in lithium project
Previously, GM invested $320 million into Lithium Americas in exchange for 15 million shares back in February of last year. In total, GM has now invested $750 million into Lithium Americas and the joint venture, not including the $195 million line of credit.
GM makes a $625 million lithium-battery move to shore up its EV supply chain
General Motors is investing $625 million in the domestic EV supply chain, partnering with Lithium Americas Corp to develop a lithium mine in Nevada.
EV, China and Europe
China's EV giants shine at Europe's largest auto show while local rivals despair
Chinese automakers revealed new EVs at the Paris Motor Show, highlighting their technological edge over European rivals.
Global EV sales up 30.5% in September as China shines, Europe recuperates
Global sales of fully electric and plug-in hybrid vehicles rose by an annual 30.5% in September, as China surpassed its record numbers recorded in August and Europe resumed growth, market research firm Rho Motion said on Tuesday.
Rho Motion’s latest data report details record global EV sales for September, led by China
Leading research house Rho Motion has published its monthly global EV sales report, relaying that the industry saw a
Wolfspeed, a Maker of EV Chips, Gets $750 Million in Grants
Wolfspeed, a Maker of EV Chips, Gets $750 Million in Grants for North Carolina Plant
The government money, and matching funds from a group of financial firms, will be used for its new silicon carbide wafer plant in the Research Triangle area.
Biden Backs Wolfspeed with $750M for Silicon Chip Plan
The $750 million investment kick-starts a $6 billion expansion plan that is expected to create 2,000 jobs in this high tech sector.
EV chipmaker Wolfspeed set to receive $750 million US chips grant
U.S. chipmaker Wolfspeed is set to receive $750 million in government grants for its new North Carolina silicon carbide wafer manufacturing plant facility, the U.S. Commerce Department said Tuesday. C
1h
Apple Secretly Worked With China’s BYD on Long-Range EV Battery
Apple Inc. worked with Chinese automaker BYD Co. for years as part of its now-canceled car project, developing long-range ...
2h
Lucid expects wider-than-estimated Q3 loss on sluggish EV demand
Electric vehicle maker Lucid Group expects a wider-than-expected third-quarter loss amid high costs and sluggish demand, ...
MIT Technology Review
11h
Super-light materials that help suppress EV battery fires just got a big boost
The US Department of Energy has committed a $670.6 million loan to Aspen Aerogels for a new factory to produce materials that ...
5h
on MSN
GM partners with startup Forge Nano to improve EV battery life, performance, and safety
General Motors is working with Forge Nano, a materials science startup, to find new ways to enhance the performance and ...
Bloomberg L.P.
11h
US Offers EV Battery Parts Maker $671 Million For Georgia Plant
The Biden administration is poised to loan nearly $671 million to Aspen Aerogels Inc. to make a key component of electric car ...
1d
Incentives Drive Up EV Sales In Third Quarter 2024 As Tesla Rebounds
With improving infrastructure, far more choices, and excellent deals to be had, Cox Automotive expects further growth in the ...
10h
on MSN
Treehouse uses AI to help electricians install tech like EV chargers and heat pumps more cheaply
Owski said the funding will go toward hiring more engineers to improve the models that help it automate quoting. It’s also ...
1h
2025 GMC Sierra EV Denali Is Less Expensive, Offers More Range
GMC's electric pickup truck now starts at $92K—a $7500 decrease—and has an estimated 460 miles of driving range.
2h
Minnesota announces next steps for businesses looking to add EV charging stations
Minnesota businesses looking at owning and operating EV charging stations can now apply for $47 million in grant dollars.
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