The DOE has offered American Battery Solutions (ABS) a $165.9-million loan under the Advanced Technology Vehicles Manufacturing (ATVM) Loan Program. The company plans to use the funds to expand its battery pack assembly facilities in Springboro, Ohio and Lake Orion, Michigan. The project will support the company’s goal of delivering standardized and customized battery packs… Read more »
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Fluor wins engineering contract for industrial-scale sodium-ion battery plant
US-based engineering construction company Fluor has announced that its Advanced Technologies & Life Sciences business line has been selected by Swedish sodium-ion battery manufacturer Altris to provide front-end engineering and design (FEED) services for an industrial-scale sodium-ion battery production facility in Sandviken, Sweden. Altris is a Swedish sodium-ion battery maker that develops cathodes, electrolytes, battery… Read more »
Toyota to invest $8 billion to expand North Carolina EV battery plant
Is Toyota a sleeping giant, poised to exploit the wimpy waffling of GM and Ford, and become the EV powerhouse it should be? Or will the company continue paying lip service to e-mobility while clinging to 20th-century technology? Who knows? We won’t presume to read the green tea leaves, but we are happy to report… Read more »
GM agrees to unionize EV battery plants. Will other US automakers follow suit?
The United Autoworkers’ strike doubtless has multiple causes, but the transition to EVs is certainly one bone of contention. EVs are simpler machines than legacy vehicles, and many expect this to translate into less demand for human labor. A wave of new battery plants will surely create new jobs, but some fear that automakers will… Read more »
Hyundai and LG Energy Solution invest additional $2 billion in Georgia battery plant
Hyundai and South Korean-headquartered battery maker LG Energy Solution (LGES) have announced a $2-billion expansion of their battery cell manufacturing joint venture at Hyundai’s EV Metaplant in Bryan County, Georgia, bringing the total investment value of the JV to $4.3 billion. At full operational capacity, the 30 GWh facility is expected to support annual production… Read more »
Romeo Power Battery Plant liquidating—IP, industrial equipment, thousands of EV battery cells up for auction on September 7
Romeo Power is liquidating its 215,000-square-foot EV battery assembly plant in Cypress, California. A Tiger Group Online auction features thousands of lithium-ion battery cells, along with industrial assets such as robots, CNC machines, assembly and testing equipment, and the company’s intellectual property. “Available turnkey or in combinations of bulk lots, Romeo Power’s IP and other… Read more »
DOE proposes $850-million loan to KORE Power for Arizona battery plant
The DOE’s Loan Programs Office has announced a conditional commitment for an $850-million loan to finance construction of KOREPlex, a new production facility that US battery manufacturer KORE Power plans to build in Buckeye, Arizona. Final issue of the loan is several steps away, and is dependent on certain milestones being reached. The plant, part… Read more »
Big EV news from Volkswagen: raw material investments, Ontario battery plant, €25k EV for Europe
The Volkswagen Group has been flooding the zone with EV-related news of late. Last September, new CEO Oliver Blume revealed a 10-point plan to accelerate the EV transition, and we’re now seeing some concrete steps to make it a reality. The company recently announced a five-year investment budget of €180 billion ($193 billion), and some… Read more »
Automakers are shifting battery plant plans from Europe to the US. Does the European Commission have a solution?
Events in the EV industry are moving so fast that, even with the best will in the world, we journalists can publish things that turn out to be out of date or just plain wrong—when we do, a correction and a mea culpa are in order. In my latest Charging Forward column, which appears in… Read more »
KORE Power chooses Siemens to provide infrastructure tech for Arizona battery plant
US battery cell developer KORE Power has selected manufacturing conglomerate Siemens to support the KOREPlex, KORE’s planned 12 GWh lithium-ion battery cell production facility in the Phoenix area. Siemens Smart Infrastructure technology and capital from Siemens Financial Services will, says KORE, help accelerate construction of its Buckeye, Arizona, facility to meet the growing demand for… Read more »