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Search Results Found For: "Lordstown"

GM finalizes sale of Lordstown plant to Workhorse-affiliated EV builder

Well, what do you know! It appears the historic Lordstown deal is going to happen after all. Lordstown Motors (LMC) has formally announced its acquisition of the former GM manufacturing complex in Lordstown, Ohio. LMC, a spin-off of Workhorse Group (NASDAQ: WKHS), plans to begin production of an electric pickup at the Lordstown plant starting… Read more »

No, Workhorse hasn’t yet secured funding to buy GM’s Lordstown plant, but the deal is moving forward

For some time, Charged has followed the story of Workhorse Group, a Cincinnati-based company that has built a prototype electric pickup, has sold electric trucks to UPS and FedEx, and is in the running for a major contract to supply delivery trucks to the US Postal Service. Along with other observers of the EV scene,… Read more »

Is Workhorse’s deal to buy Lordstown plant from GM to build electric pickup too good to be true?

News travels by strange paths these days. The world first learned of a tentative deal for electric truck maker Workhorse to buy GM’s idled Lordstown, Ohio plant via a self-congratulatory tweet by the President of the US. If the deal goes through, it could be a win-win-win-win: Workhorse might receive a windfall like the one… Read more »

Cadillac’s ambitious move to an all-electric luxury brand by 2030

The car that once advertised itself as “The Standard of the World” will go all-electric. Can the US luxury brand reinvent itself for a modern era…and for China? Among cutting-edge automotive buyers—the glitterati of Los Angeles, the tech millionaires of Silicon Valley, the finance titans of Wall Street—only one Cadillac is widely recognized. It’s a… Read more »

2024 Chevrolet Blazer EV: Chevy previews a mass-market electric SUV

Mid-size five-seat crossovers are a huge segment, and Chevy wants yours to plug in—next year. Chevrolet, it seems, doesn’t want to scare potential shoppers by offering up electric vehicles that stress too heavily the fact they’re … well, different. An advance preview of the upcoming 2024 Chevrolet Blazer EV suggested it’s very much a Chevy… Read more »

California budget proposal includes $6.1 billion for EV initiatives

California Governor Gavin Newsom has presented a $286.4-billion budget proposal for the 2022-2023 fiscal year. This so-called California Blueprint includes $22.5 billion in climate-related investment, and some $6.1 billion of this consists of EV-related initiatives. Newsom defended the aggressive scale of the state’s proposed investment, and gently chided the US federal government for its far… Read more »

GM and POSCO Chemical to open cathode materials processing plant in North America

GM has announced a plan to work with global materials firm POSCO Chemical on a battery material processing facility in North America, which is scheduled to open in 2024.  POSCO Chemical manufactures anode and cathode materials. GM plans to use the battery materials processed with POSCO for the cells it plans to produce at its… Read more »

GM boosts EV investment, plans to build more US battery factories

GM has raised the stakes in what’s starting to look like a lively EV rivalry with Ford. The nation’s largest automaker now says it plans to invest $35 billion in electrification over the five years ending in 2025—the second increase in its announced figure in the last eight months. By 2025, GM plans to offer… Read more »