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DOE announces $1.7 billion in grants to convert facilities for EV production and support US auto workers – Charged EVs

Baua Electric

Some folks fear that the transition to EVs will lead to major job losses in the auto industry—and not without reason, as EVs require different (and fewer) components than legacy ICE vehicles. To these ends, the US Department of Energy has established the Domestic Manufacturing Conversion Grant Program. billion in funding.

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GM and Stellantis to receive over $1 billion from Biden administration for EV projects

Teslarati

million for Stellantis’ Belvidere Assembly facility in Illinois, and $250 million for Stellantis’ planned EV drive module plant in Indiana. The facilities that would be supported by the grant are located in Michigan, Indiana, Illinois, Pennsylvania, Ohio, Virginia, Maryland, and Georgia.

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UAW strikes: GM shuts down Kansas plant and lays off 2,000 workers

Teslarati

General Motors (GM) has shut down a manufacturing plant in Kansas and laid off the site’s roughly 2,000 workers after the automaker stated plans to do so last week. The news comes as the latest amidst strikes from the United Auto Workers (UAW) union targeting Ford, GM and Stellantis. What are your thoughts?

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Stellantis sees a drop in Q1 2024 revenue, ahead of BEV launches

Teslarati

” Stellantis also notes that it began production of its in-house electric drive modules at the Indiana Transmission plant as it prepares to launch as many as 18 BEV models this year. “We are reducing inventories to reinforce our strong relative pricing ahead of our new or mid-cycle product launches this year in key regions.”

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CAR report quantifies automotive’s position as a leading high-tech industry

Green Car Congress

A newly-released report by the Center for Automotive Research (CAR) concludes that the automotive industry is not only “high-tech,” it is frequently a leader in technological developments and applications. Additionally, the auto industry provides 16% of total worldwide R&D funding for all industries. Click to enlarge.

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BYD would still have the cheapest EV in the US, even with a 100% tariff

Baua Electric

Its affordable electric and hybrid models are squeezing gas-powered vehicles out of China’s auto market, especially from foreign automakers. GM is also pushing back its battery factory in Indiana and could turn to CATL for LFP batteries in the US, like Ford and Tesla. Source: Nikkei FTC: We use income earning auto affiliate links.

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New lightweight metals institute will be headquartered in Detroit

Green Car Congress

The new $148-million lightweight metals manufacturing institute announced in February by President Obama ( earlier post ) will locate in the Corktown neighborhood of Detroit, officials from the American Lightweight Materials Manufacturing Innovation Institute (ALMMII) and the city announced today.

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