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Benchmark: global battery industry needs to invest $514B to meet demand in 2030; $920B by 2035

Green Car Congress

TWh of batteries needed by 2030 will require $201 billion and the midstream production of battery materials will take the remaining $93 billion. With a near two million tonne supply gap between what is in production today and what is needed globally by 2030, nickel requires the largest critical mineral investment of $66 billion.

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The Volvo EX30 Is Delayed to Fix Software Issues

The Truth About Cars

Volvo will start building the EX30 at its factory in China, but a Belgian facility will take up production in 2025. Production will begin in the U.S. after Volvo gets the EX90 rolling at its South Carolina factory, which will open at least partial EV tax credit eligibility for both models.

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Toyota and Redwood Materials partnership takes the next step

Teslarati

Toyota and Redwood Materials established a partnership last year to create a closed-loop solution for recycled battery production. Now, their partnership is taking the next step, as Toyota will source cathode active materials and anode copper foil from Redwood at the automaker’s upcoming North Carolina battery manufacturing plant.

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US solar module production capacity reaches 50+ GW

Baua Electric

Photo: First Solar The US solar manufacturing industry just hit a historic milestone: Domestic solar module production capacity has surpassed 50 gigawatts (GW). SEIA first set a goal in 2020 to reach 50 GW of US solar module production capacity by 2030 enough power output to match 27 Hoover Dams. Get started here.

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Ford reportedly eliminates lease-to-buy option on electric vehicles

Teslarati

” Ford, GM, Stellantis, Toyota push for Congress to eliminate EV tax credit limits. battery production.” Ford’s action is only the most recent illustration of how automakers are incorporating more and more restrictive clauses into their leasing agreements. . ” I’d love to hear from you!

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Schaeffler invests $230 million in new automotive manufacturing facility in Ohio for EV products – Charged EVs

Baua Electric

The first phase will boast roughly 130,000 square feet of manufacturing space dedicated to electric mobility products, including electric axles for light- and medium-duty EVs. The state government is providing grants and tax credits for the company’s investments, which are expected to create some 650 jobs.

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2025 Volvo EX90 price hiked $3,300, still missing features

Baua Electric

The 2025 Volvo EX90 now costs $81,290 The updated pricing includes a $3,300 price increase due to material costs The 2025 Volvo EX90 is in production in South Carolina The 2025 Volvo EX90 has gotten $3,300 more expensive ahead of the planned start of U.S. deliveries later this year, reported Automotive News.

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