Ford CEO Jim Farley says the US government needs to support domestic battery production and the rollout of public charging infrastructure. “We need to bring large-scale battery production to the US,” Farley said at a recent financial conference, adding that he planned to bring up the issue in upcoming talks with government leaders. The coming… Read more »
Search Results Found For: ""LG Chem""
Lordstown announces battery supplier for Endurance pickup, plans to produce electric van in 2022
Lordstown Motors has released an update on its business plans that includes several bits of news. The Ohio-based EV builder confirmed that it has signed a multi-year battery supply agreement with LG Chem for the Endurance. The upcoming electric pickup will use 2170 cylindrical cells like the ones used in Tesla’s Model 3 and Model… Read more »
2022 Bolt EUV model that Chevy calls an SUV joins an updated Bolt EV priced from $31,995
For 2022, the Chevrolet Bolt lineup will expand from one to two models, with a new, so-called SUV version added alongside the original hatchback. Importantly, the Bolt siblings will take on a new role as the most affordable entries in a lineup of Chevrolet electric vehicles expected to grow significantly by 2025. Chevy dubs its… Read more »
Brexit deal forces UK carmakers to develop domestic battery supply chain
Britain’s new relationship to the EU has important implications for automakers, specifically for their battery supply chains. As The Guardian reports, all UK-EU trade in cars and parts will continue to be free of tariffs or quotas, as long as they contain enough content from either UK or EU factories. For three years, batteries will… Read more »
GM teases future electric Chevy crossover and pickup, invests more in EVs
General Motors CEO Mary Barra said Thursday the company is accelerating its electric-vehicle efforts, pulling forward the schedule on many future launches, and expanding the number of EV models it sells globally to 30 by the end of 2025—a larger number than the dozen future EVs shown to journalists in a no-cameras presentation in March…. Read more »
Lordstown finalizes SPAC deal, starts trading on NASDAQ
Lordstown Motors has completed its business combination with DiamondPeak Holdings, a special purpose acquisition company (SPAC). For those of you who haven’t been following the EV “stock market frenzy,” a merger with a SPAC is the currently fashionable way for a startup company to go public—it’s quicker and involves less paperwork than the traditional IPO…. Read more »
The monster that wouldn’t die—varied reactions to GM’s electric Hummer unveil
EV fans tend to be divided into two groups: Greenies and Car Guys, and reaction to GM’s upcoming Hummer EV has, unsurprisingly, been divided along those lines. Hummer good Most of the media is ecstatic over the new machine. Many are praising its “bad-ass” looks (GM says it wanted to make it look “less military”… Read more »
GM’s renamed Factory ZERO to be retooled for all-EV production
GM has given its Detroit-Hamtramck Assembly Center a new role and a new name. The plant will henceforth be known as Factory ZERO, and will be retooled for the exclusive production of battery-electric vehicles. The new title is meant to evoke a future automotive world with zero emissions, zero crashes and zero congestion. There may… Read more »
Does Tesla plan to acquire a stake in LG’s battery business?
A recent report that Tesla is aiming to acquire a stake in LG’s soon-to-be-separate battery business sent shares in the Korean electronics giant soaring. However, it appears to be too early to tell if and how such an acquisition will take place. LG Chem announced in mid-September that it plans to spin off its battery… Read more »
Lucid Air demonstrates 500-mile range
Lucid Motors has announced independent verification of a 517-mile range for its upcoming Lucid Air luxury sedan. The tests were conducted by FEV North America in Auburn Hills, Michigan, using the EPA’s Multicycle Test procedure. This appears to be a new record for a passenger EV, handily besting the 402-mile range of the 2020 Tesla… Read more »