CATL is continuing to expand battery production in China as it looks to maintain its grip on the battery cell market. As many national governments, notably the United States, have looked to challenge China’s chip and battery production dominance, the collateral damage has been the Chinese battery supplier CATL, which still holds the position of […]
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Lucid Motors has signed a deal with Panasonic for the Japanese battery manufacturer to supply the automaker with batteries for its upcoming production ramp. Lucid has struggled for most of 2022 as it battled supply shortages and an ever-more competitive EV market. Now, the company is moving to address at least one of those issues […]
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GM and LG will invest an added $275 million into their Ultium battery production facility in Tennessee. Much like the rest of the automotive industry, General Motors is currently supply-constrained regarding battery cells that will go into electric vehicles. Matching the moves of numerous other automakers, GM has chosen to work with LG to expand […]
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Volkswagen announced its plans to make its battery manufacturing subsidiary, PowerCo, a “global battery champion.” Despite Volkswagen’s arguably conservative approach to electrification in its automotive brands, its presentation regarding its battery manufacturing sub-brand PowerCo was anything but. Volkswagen has ambitious goals for the fledgling company that only started earlier this year. PowerCo aims to achieve […]
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Hyundai announced today that it has signed a memorandum of understanding (MOU) with SK On to secure battery supplies for their upcoming EV manufacturing facility in Georgia. Rumors have circulated over the past few days regarding Hyundai looking for a partner to produce batteries that could supply their upcoming EV production facility in Georgia. And […]
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Hyundai is reportedly considering building a battery production facility with partner SK Innovation in Georgia, this being its third facility in the State. Hyundai has been in an all-out blitz to establish electric vehicle manufacturing capabilities in the United States. While the company planned on this expansion, the domestic production requirements within the newest U.S. […]
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Stellantis doubled its planned number of battery production facilities within North America. In an interview with Reuters, COO of Fiat Chrysler America (FCA) Mark Stewart stated that the company would not only be doubling its electric delivery van output to over 200,000 units, but Stellantis would also be doubling the number of planned battery production […]
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Mercedes Benz, Stellantis, Siemens, and TotalEnergies have agreed to a joint venture to construct three gigafactories in Europe to aid electric vehicle manufacturing. Since the recent European energy crisis, electric vehicles have grown in demand from consumers, corporations, and even governments. And this deal, worth roughly 7 billion euros ($6.79 billion), looks to address that. […]
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