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GM, EV and Lithium Americas
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.
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 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.
China, Europe and EV
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.
Paris car show heats up with China-Europe rivalry as EV tariffs loom
Struggling European automakers need to prove they are still in the game, while Chinese rivals are aiming to get a foothold in a competitive market.
France: China's EVs, components grab attention from Europe at Paris auto show
China's electric vehicles (EVs) and a wide range of EV-related auto parts including batteries are highlighted at the 2024 Paris Motor show that started on Monday in France, capturing attentions of many European auto professionials.
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
49m
on MSN
EV-maker Lucid Group's shares drop following operational losses
California-based Lucid Group's shares price dropped by 10% during after-hours trading Wednesday after announcing ...
3h
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 ...
12h
on MSN
GM agrees to $625 million joint venture to mine EV battery raw materials in U.S.
The deal is centered on the development, construction and operation of a lithium carbonite mining operation called Thacker ...
5h
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
14h
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 ...
8h
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 ...
3h
on MSN
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.
42m
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.
12h
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 ...
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