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GeneralMotors and Honda today signed a non-binding memorandum of understanding (MoU) following extensive preliminary discussions toward establishing a North American automotive alliance. This alliance will help both companies accelerate investment in future mobility innovation by freeing up additional resources.
Cirba Solutions (previously Retriev Solutions, LLC) has extended a prior agreement with GeneralMotors (GM) to recycle electric vehicle (EV) lithium-ion battery and cell scrap generated by manufacturing and research at select GM facilities through 2024.
GeneralMotors Co. As part of that agreement, Nikola would utilize GeneralMotors’ Ultium battery system and Hydrotec fuel cell technology, representing a key commercialization milestone for GeneralMotors. The MoU replaces the previous agreement announced 8 September 2020. Earlier post.).
GeneralMotors has begun deliveries of its first next-generation electric vehicles, the GMC HUMMER EV Edition 1 Pickup and BrightDrop EV600 light commercial vehicle, both built on the Ultium Platform. Photo by Jeffrey Sauger for GeneralMotors). million to benefit the Tunnel to Towers Foundation.
GeneralMotors (GM) announced a $10 million investment for battery development. The company’s venture capital arm, GM Ventures LLC, is investing $10 million in Forge Nano, a materials science company. GeneralMotors has been developing its EV battery supply by expanding its partnerships with companies worldwide.
GeneralMotors will invest more than $81 million into the company’s Global Technical Center in Warren, Michigan, to prepare the campus to build the Cadillac CELESTIQ ( earlier post ). —Mark Reuss, president, GeneralMotors. Cadillac CELESTIQ show car.
GeneralMotors expects its Spring Hill Manufacturing plant will be powered by 100% solar energy beginning in late 2022. Green tariff solutions are a key component of GM’s renewable energy strategy and allow the company to work with utilities to provide renewable energy solutions near its facilities.
At a Washington Post Live virtual conference, GeneralMotors President Mark Reuss provided more details about GM’s next-generation Ultium lithium metal battery and announced a joint development agreement with lithium metal battery innovator SES (formerly known as SolidEnergy Systems) ( earlier post ). —Mark Reuss.
Today, GeneralMotors made its $7 billion plan to expand electric vehicle and EV parts manufacturing in Michigan official. Additionally, it will build a new battery factory and convert an existing factory into a hub for manufacturing its electric pickup trucks. . Photo by Jeffrey Sauger for GeneralMotors).
GeneralMotors’ Chevrolet brand reported US deliveries of 19,700 units of the Bolt EV/EUV in Q1 2023. Combined with Cadillac LYRIQ deliveries of 968 units—and the delivery of 2 units of the HUMMER EV Pickup—GeneralMotors delivered 20,670 battery-electric vehicles in Q1. This represented 3.4%
GeneralMotors has increased its electric vehicle investment by 75%, from $20 billion to $35 billion through 2025, the company announced on Wednesday. The plan is to eventually transition its entire fleet of vehicles to be fully electric, but the company doesn’t plan to accomplish this until 2035.
Despite previously having committed itself toward a future where it builds all-electric vehicles, GeneralMotors has made plans to bring plug-in hybrids back to our market. GeneralMotors already delivered the Chevrolet Bolt, with the model becoming one of the first affordable EVs offering real utility to customers.
The company has also signed the Business Ambition Pledge for 1.5?C, In addition to GM’s carbon goals, the company worked with the Environmental Defense Fund to develop a shared vision of an all-electric future and an aspiration to eliminate tailpipe emissions from new light-duty vehicles by 2035. Carbon Offsets and Credits.
Hydrogen mobility and clean energy company, HYZON Motors, and Total Carbon Neutrality Ventures, the venture capital arm of European energy giant Total SE, announced a strategic investment led by Total and other specialist hydrogen investors.
GeneralMotors plans to invest $632 million in Fort Wayne Assembly to prepare the plant for production of the next-generation internal combustion engine (ICE) full-size light-duty trucks. This investment will enable the company to strengthen its industry-leading full-size truck business.
GeneralMotors announced the Wallace Battery Cell Innovation Center, an all-new facility that will significantly expand the company's battery technology operations and accelerate development and commercialization of longer range, more affordable electric vehicle batteries.
GeneralMotors and Honda have agreed to develop jointly two all-new electric vehicles for Honda, based on GM’s highly flexible global EV platform powered by proprietary Ultium batteries. GeneralMotors’ all-new modular platform and battery system, Ultium. GM unveiled the platform and batteries in early March.
Redwood Materials is partnering with GeneralMotors to recycle the legacy automaker’s production scraps from its Ohio and Tennessee plants. Together, we’re building America’s battery supply chain,” said Redwood Materials. Together, we’re building America's battery supply chain. billion battery plant in South Carolina.
GeneralMotors plans to invest $918 million in four US manufacturing sites, including $854 million to prepare these facilities to produce the company’s sixth-generation Small Block V-8 engine and an additional $64 million in Rochester, New York and Defiance, Ohio for castings and components to support EV production.
GeneralMotors (GM) will allegedly purchase LFP (lithium iron phosphate) batteries produced with technology from China-based CATL (Contemporary Amperex Technology Co.). Based on Teslarati’s understanding, Japanese company TDK Corp. will fund and operate a new plant in the United States.
At an event in the GM Tech Center campus in Warren, Michigan, GeneralMotors unveiled the core of its new strategy to grow the company’s EV sales quickly, efficiently and profitably. Photo by Steve Fecht for GeneralMotors). billion joint venture plant that GM and LG Chem plan to build in Lordstown, Ohio.
Nikola Corporation and GeneralMotors Co. As part of the agreement, Nikola will utilize GeneralMotors’ Ultium battery system and Hydrotec fuel cell technology, representing a key commercialization milestone for GeneralMotors. Nikola is one of the most innovative companies in the world.
According to The Elec, Samsung SDI will supply cylinder batteries for EVs to GeneralMotors. For the purpose, the two companies will establish a joint venture that will build a battery factory with an annual capacity of 30GWh. Samsung SDI has already announced its plans to.
In support of GeneralMotors’ vision of a zero-emissions, all-electric future, Buick will bring its first electric vehicle to market for North America in 2024. No longer a circular logo, the badge incorporates a sleek, horizontally aligned layout that builds upon Buick’s recognizable tri-shield.
Lithium-ion batteries power the vast majority of todays EVs, but they dont contain the most efficient formulation, and there are many legitimate environmental concerns around extracting the raw materials needed to build them. Images: Theion, GeneralMotors] Become aTTAC insider.
Former GeneralMotors (GM) executive James Taylor is the new CEO of Bollinger Motors. “I I am grateful and excited for this opportunity to continue moving Bollinger Motors toward a leadership role in the electric vehicle industry, ” commented Taylor. Bollinger Motors Inc.
Lordstown Motors Corporation, a startup developing an all-electric pickup truck serving the commercial fleet market, merged with DiamondPeak Holdings Corporation, a special purpose acquisition company (SPAC). billion transaction provides Lordstown Motors with $675 million of gross proceeds.
GeneralMotors recently announced a move from the Renaissance Center (RenCen), the building it purchased in 1996, to a new location at the Hudson’s Detroit building further north. The automaker will reside on the building’s top two floors, with around 100,000 open square feet across them. million square feet.
GeneralMotors is delaying its jointly-run electric vehicle factory with Samsung SDI by one year, a move that shows another legacy automaker tempering their expectations as the U.S. Ford recently announced that it would push its EV plans back and would instead focus on building out more hybrids in the coming years.
While the sport’s governing body, the FIA, approved the American team’s entry to the grid with backing from GeneralMotors and Cadillac, F1 itself has yet to accept the application. Even so, Andretti’s position recently got much stronger, as GM announced that it would develop and build power units in-house beginning in 2028.
GeneralMotors ( NYSE: GM ) reported strong quarterly earnings for Q4 2023 today, but electric vehicle fans might be disappointed with the company’s outlook. GM expects to sell at least 250,000 EVs this year, ditching the goal of building 400,000 units by mid-2024. GM beat Q4 estimates on revenue by reporting $42.98
GeneralMotors is leading a $60-million Series B financing round in Mitra Chem , a Silicon Valley-based, AI-enabled battery materials innovator. Mitra Chem is building the first North American lithium-ion battery materials product company that shortens the lab-to-production timeline by more than 90%.
The new battery cell plant, a joint venture between GeneralMotors and Samsung SDI ( earlier post ), is scheduled to begin operations in 2026. GM and Samsung SDI, which announced their joint venture in April, will build the plant just east of New Carlisle at Larrison Boulevard and Indiana 2 to supply GM’s growing EV production needs.
GeneralMotors and POSCO Chemical plan to form a joint venture through which the parties will construct a factory in North America to process critical battery materials for GM’s Ultium electric vehicle platform. The company plans to launch more than 30 EVs globally by 2025, with more than two-thirds available in the United States.
Ford CEO Jim Farley wasnt shy about the companys EVs, saying it had discovered that electric trucks had significant shortcomings with towing and weight. The companys mounting losses would be disappointing in a typical business climate, but they stand out compared to Fords closest rival, GeneralMotors.
GeneralMotors plans to invest nearly $154 million in its Western New York Lockport Components plant. The investment will be used to renovate the facility and purchase and install new machinery and equipment used in the production of the stator module, a key component in an electric motor. Ultium Drive stator.
This news builds upon the continued momentum with the New Zealand government’s recent provisional support of $20 million towards the establishment of Hiringa’s nationwide refuelling network. This support demonstrates the advanced stage of development of the company’s plans and the government’s commitment to zero emissions transport.
received its first 150 electric delivery vehicles from BrightDrop, the technology startup from GeneralMotors (GM) focused on decarbonizing last-mile delivery. and one of the world’s largest express transportation companies. FedEx Corp. Earlier post.).
GeneralMotors and Isuzu announced a $175-million investment through their DMAX joint venture to build an all-new, diesel engine components plant in Brookville, Ohio. Strong demand for GM’s all-new family of Chevrolet and GMC heavy and medium duty pickups is driving us to find ways to build more Duramax diesel engines.
Ultium Cells LLC, a joint venture of LG Energy Solution and GeneralMotors, will invest more than $2.3 billion to build its second battery cell manufacturing plant in the United States. Ultium Cells will build the new plant on land leased from GM. It will allow us to build solid and stable U.S-based
GeneralMotors plans to invest more than $500 million in Arlington Assembly to prepare the plant for production of future internal combustion engine (ICE) full-size SUVs, subject to successful discussions with local government officials.
A restomod Hummer H1 EV with Tesla batteries has entered the chat The Hummer H1 EV weighs only about 4,500 pounds The Hummer H1 EV is said to have about 300 miles of range from its 75-kwh battery A Canadian company already established as an EV conversion shop is building an electric Hummer that's lighter than the one GeneralMotors is currently.
GeneralMotors provided Wednesday the most comprehensive picture yet of how its “all-electric future” will take form—quickly, efficiently, and profitably, as the company emphasized. Building.
GeneralMotors and LG Chem are partnering to mass-produce battery cells for future battery-electric vehicles. Together, the companies will invest up to a total of $2.3 billion through a new, equally-owned joint venture company.
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