Orion Assembly to become the 2nd U.S. plant building Chevrolet Silverado EV and electric GMC Sierra By the end of 2025, GM to have more than 1 million units of electric vehicle capacity in North America GM and LG Energy Solution to build 3rd U.S. Ultium Cells battery cell manufacturing plant to increase battery supply […]
LG Energy Solution, GM to build $2.1 billion battery factory in U.S. – EQ Mag Pro
SEOUL : South Korea’s LG Energy Solution (LGES) plans to spend $2.1 billion with General Motors (GM.N) to build an electric vehicle (EV) battery factory in the United States. United parent company LG Chem (051910.KS) said on Tuesday. LGES and GM are expected to fund the project equally through Ultium Cells, their U.S.-based battery joint […]
GM, Volkswagen build up their battery supply chains amid electric-vehicle push – EQ Mag Pro
Like Tesla, traditional auto makers are investing more in needed supplies as the industry returns more to vertical integration Auto makers are trying to control more of the supply chain for electric vehicles, forging new partnerships with raw materials producers and investing in facilities that make chemicals for batteries. General Motors Co., Volkswagen AG and […]
GM to boost EV profile with 40,000 charging stations in U.S., Canada – EQ Mag Pro
General Motors said on Tuesday it would install up to 40,000 electric-vehicle charging stations in the United States and Canada as part of the automaker’s US$750-million commitments to bolster its presence in the rapidly growing sector. The announcement comes just months after the No. 1 U.S. automaker said it had signed agreements with some companies […]
GM Details Plan to Double its Revenue, Drive Even Higher Margins – EQ Mag Pro
Unlocking growth in EVs through the Ultium hardware platform and leadership in software and services through the Ultifi platform Planning to double annual revenues and expand EBIT-adjusted margins to 12 to 14 percent Leading the race to commercialize AVs Launching new businesses to add customers and diversify revenues Increasing investment in EV charging WARREN, Mich […]
GM Plans to Raise EV Battery Production Capacity Above 100 GWh By Building Two More Battery Production Plants – EQ Mag Pro
Major carmaker GM has told various media outlets that it plans to build two additional factories for manufacturing Li-ion EV batteries. Currently, GM has two EV battery plants under construction. With the two proposed plants, its annual EV battery production capacity is projected to surpass 100GWh. The two battery plants that are already under construction […]
GM and Wabtec Agree to Make Electric and Hydrogen-Powered Trains
General Motors Co. and Wabtec Corp. have signed a nonbinding agreement to build locomotive engines using the automaker’s Ultium electric battery and its Hydrotec hydrogen fuel-cell system, the companies said Tuesday. The two companies will jointly develop the clean-powered locomotives for heavy-haul trains, they said in a statement. They didn’t say when the technology would […]
GM to Supply Electric Batteries, Hydrogen Fuel Cell Systems For Wabtec Locomotive
Under the nonbinding memorandum of understanding, GM will supply Ultium electric batteries and Hydrotec hydrogen fuel cell power cubes. Terms of the deal were not disclosed. DETROIT: General Motors Co will supply electric batteries and hydrogen fuel cell systems for rail supplier Wabtec Corp’s locomotives, in a move extending the No. 1 U.S. automaker’s reach […]
Ford Follows GM, VW With Two New Dedicated EV Platforms by 2025
The all-EV platforms are part of an ambitious multi-year, multi-billion-dollar plan the No. 2 U.S. automaker will outline to investors at its Capital Markets Day in an online event. US-based Ford Motor Company has declared a donation 50 lakh surgical masks, 1 lakh N95 masks and 50,000 gowns to help fight the surge of COVID-19 […]
GM expected to announce Tennessee battery plant on Friday
The Detroit automaker has scheduled a news conference Friday morning in Nashville with CEO Mary Barra, Tennessee Gov. Bill Lee and senior leaders from LG Energy Solutions NASHVILLE, Tenn: General Motors is expected to announce Friday that one of its joint ventures will build a second U.S. electric vehicle battery factory in Spring Hill, Tennessee. […]