Ford to Scale Back Plans for $3.5 billion Michigan Battery Plant as EV Demand
Ford Motor is scaling back plans for a $3.5 billion battery plant in Michigan as consumers shift to electric vehicles more slowly than expected, labor costs rise and the company moves to cut costs.Ford executives including CEO Jim Farley and…
U.S. To Expand Domestic Battery Processing Facilities With $3.5 Billion Investment
The Inflation Reduction Act and the Bipartisan Infrastructure Law have collectively infused billions of dollars into the electric vehicle industry in the United States.The IRA has enabled consumer incentives such as the $7,500 tax credit, while provisions in both policies…
Toyota Agrees to Use Recycled Materials for Future EVs
Toyota Motor Corp. TM, it reached an agreement with private battery recycling company Redwood Materials Inc. to expand a previous recycling agreement to re-use materials from the car maker’s hybrid and battery electric vehicles. Terms of the deal were not…
Exxon Makes Foray Into EV Battery Minerals
Oil giant ExxonMobil is making a foray into electric vehicle batteries, saying it will extract lithium from water in Arkansas. The $100 million Exxon reportedly put into leasing the area where it plans to get the lithium is miniscule, however,…
EV Batteries Need Nickel, And Indonesia has the Biggest Reserves. Now it Wants a Partnership with U.S.
The United States and Indonesia on Monday will discuss how to advance a potential minerals partnership aimed a stimulating trade of the electric vehicle (EV) battery metal nickel, according to three people with direct knowledge of the conversations. Next steps…
Global Electric Vehicle Battery Recycling Market Outlook Report 2023-2028
The electric vehicle battery recycling market is expected to reach a value of $20.07 billion by 2028 from $8.2 billion in 2022, growing at a CAGR of 16.08% from 2022-2028The global electric vehicle battery recycling market is characterized by a…
Toyota to Invest Another $8B into North Carolina EV Battery Factory
Toyota said Tuesday it will invest another $8 billion into its first EV battery factory in North America, as the Japanese automaker tries to ramp up its electrification program and introduce 30 battery electric models globally by the end of…
Factorial Claims Largest US Solid-state EV Battery Plant Yet
Factorial Energy recently announced the opening of a new manufacturing facility it claims is the largest thus far in the U.S. for solid-state batteries—although there’s not yet a timeline for scaled-up production. Located in the Boston suburb of Methuen, Massachusetts,…
New Solid-State EV Battery Factory Opens In Massachusetts
The Solid-State EV Battery Of The FutureAs the name suggests, a solid-state EV battery deploys a solid material instead of the familiar liquid electrolyte used in conventional lithium-ion EV batteries. Liquid electrolytes have done heroic work in the battle to…
New EUR 1.7 Billion Electric Car Battery Plant To Open In Nysa Creating 900 Jobs
The robust health of Poland’s automotive industry has again been highlighted after it was announced that a company owned by Volkswagen had signed a EUR 1.7 billion deal to open a factory in Nysa.Set to create 900 jobs, the plant…