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Intel to invest $20B to build two processor factories in Ohio

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Intel announced plans for an initial investment of more than $20 billion in the construction of two new leading-edge chip factories in Ohio. A rendering shows early plans for two new leading-edge Intel processor factories in Licking County, Ohio. Ohio will be home to Intel’s first new manufacturing site location in 40 years.

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DOE announces $2.5B loan to Ultium Cells for three US battery cell manufacturing facilities

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billion loan to Ultium Cells LLC to help finance the construction of new lithium-ion battery cell manufacturing facilities in Ohio, Tennessee, and Michigan. The cells manufactured by Ultium Cells LLC are large format, pouch-type cells that use a nickel-cobalt-manganese-aluminum (NCMA) chemistry to deliver more range at less cost.

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Fisker and Foxconn confirm Fisker PEAR production in Ohio; expected base price below $29,900

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recently acquired in Ohio from Lordstown Motors ( earlier post ). The Fisker PEAR will enter production in 2024. The Fisker PEAR follows the company’s first vehicle, the Fisker Ocean, which starts production in Austria on 17 November 2022. The Fisker PEAR will have an expected base price below $29,900 before incentives.

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Honda opens new $124M wind tunnel in Ohio

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Honda opened its new $124-million wind tunnel facility in Ohio, ushering in a new era of development testing capabilities for Honda and Acura products, as well as the company’s race vehicles. The new Honda Automotive Laboratories of Ohio (HALO) facility, located at the independent Transportation Research Center Inc. Investment.

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Honda investing $700M in three Ohio plants to retool for EVs; with LG gigafactory, Ohio becomes Honda EV hub

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Honda will invest $700 million to re-tool several of its existing auto and powertrain plants in Ohio for production of electric vehicles. Honda plans to begin production and sales of Honda EVs in North America in 2026, based on its new Honda e:Architecture. Combined withe the $3.5-billion billion over the past five years alone.

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LG Energy Solution and Honda break ground for new JV EV battery plant in Ohio

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Honda and LG Energy Solution held the official groundbreaking ceremony for a new joint venture EV battery plant more than 2 million square feet in size, to be located in Fayette County, near Jeffersonville, Ohio—about 40 miles southwest of Columbus. Earlier post.) The two companies have committed to invest $3.5

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DOE awards $2M to Ohio University to develop products for energy storage and motors from coal waste

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The Department of Energy (DOE) is funding six research and development projects that will repurpose domestic coal resources for high-value graphitic products and carbon-metal composites that can be employed in clean energy technologies. Earlier post.) Industry partners include MetalKraft Technologies LLC, Fisk Alloy Inc.,

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