Hyundai, SK On partner to secure battery supply for EVs in North America
Hyundai Motor is said to be expediting efforts of electrification with a global target to sell 3.23 million…
Electric Vehicles
LG Chem to invest $3bn in new cathode manufacturing plant in Tennessee
22 Nov 22Mass production at the cathode manufacturing plant is expected to begin in the second half of 2025
Saudi Arabia’s PIF, Foxconn form electric vehicle joint venture Ceer
04 Nov 22Ceer is a joint venture between the Public Investment Fund (PIF) and Hon Hai Precision Industry (Foxconn)
Panasonic breaks ground on $4bn lithium-ion battery facility in Kansas
03 Nov 22The Kansas facility, which will begin mass production by March 2025 and have annual capacity of 30GWh, is…
Chijet Motor to go public in $1.6bn deal with Jupiter Wellness Acquisition
27 Oct 22Upon completion of the proposed merger, the Chinese company, which develops both traditional fuel vehicles and EVs, intends…
Hyundai Motor breaks ground on $5.5bn EV and battery plant in US
26 Oct 22The automotive major aims to begin commercial production at the new manufacturing facility in the first half of…
Dassault and Verkor sign MoU to expedite low-carbon battery development
25 Oct 22The two companies are expected to develop best practises for virtual, end-to-end development of products and manufacturing processes…
Biden administration awards $2.8bn to boost battery manufacturing in US
20 Oct 22The companies that have been awarded a part of the funding will construct and expand commercial-scale facilities in…
BMW Group to invest $1.7bn to develop electric vehicles in US
20 Oct 22The automotive major will invest $1bn to prepare its existing Spartanburg factory in South Carolina for the production…
LGES, Honda Motor select Ohio for $4.4bn EV battery plant
12 Oct 22To be located 64km southwest of Columbus, the facility is expected to have an annual production capacity of…