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Search Results Found For: "cybertruck"

Retooling a shuttered factory to build electric trucks: Q&A with Lordstown Motors CEO Steve Burns

Will Ohio’s Voltage Valley energize a new era for the US auto industry? Big things are happening in the Mahoning Valley area of northeastern Ohio. The region, which centers on the city of Youngstown, was a booming center of steel production until the 1970s. Since then, like many other industrial hubs, the area has suffered… Read more »

Tesla surprises with Q1 profit, has “record backlog” of orders

Tesla has extended its earnings streak, posting a surprise profit in the first quarter, typically a tough one for automakers. The company reported record levels of production, and says its vehicle order backlog is the highest it’s ever been. “Q1 2020 was the first time in our history that we achieved a positive GAAP net… Read more »

GM and LG Chem to build battery cell plant in Lordstown, Ohio

General Motors and LG Chem have announced plans to establish a battery cell assembly plant on a greenfield site in the Lordstown area of Northeast Ohio. The companies will invest up to $2.3 billion in the facility through a new joint venture. The new factory will eventually provide batteries for GM’s electric pickup truck, expected… Read more »