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SK Innovation to build $1.67B EV battery manufacturing plant in Georgia

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billion to build a new electric vehicle (EV) battery manufacturing plant in Georgia. SK Innovation, which is part of SK Group, says that it is making the investment in Georgia to better compete in the growing global EV battery market. Construction will occur in two phases, beginning in early 2019.

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HIF Global, Porsche and Volkswagen Group unveil new direct air capture unit to be installed at eFuels plant in Chile in 2024

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At the IAA Summit in Munich, HIF Global, together with Porsche AG, Volkswagen Group Innovation and MAN Energy Solutions, announced the development and installation of a Direct Air Capture (DAC) unit at the HIF Haru Oni Demonstration facility in southern Chile in 2024. Earlier post.) Earlier post.) This is then made into synthetic fuel.

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BMW Group to build new $1B plant in Mexico; production start in 2019

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The BMW Group will invest $1 billion to build a new plant in Mexico in close proximity to the city of San Luis Potosí in the state of the same name. This move is in line with the company’s clear strategic policy of ensuring globally-balanced growth. Production is planned to start in 2019.

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IEA: COVID-19 crisis causing the biggest fall in global energy investment in history

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The COVID-19 pandemic has set in motion the largest drop in global energy investment in history, with spending expected to plunge in every major sector this year—from fossil fuels to renewables and efficiency—the International Energy Agency said in a new report.

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Ford to build more EV software capability at Chennai tech hub | Autocar Professional

Baua Electric

American automaker Ford, whch is known to be working on an affordable EV platform, is set to build more electric vehicle (EV) software capabilities at its Ford Business Solutions India operation, based in Chennai. This information is as per a tweet by TN Investment today.

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GM restructuring; changing product development, production; 5 NA & 2 international plants shutting next year; staff reduction

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General Motors on Monday outlined a series of major restructuring steps that it said would accelerate its transformation for the future, building on the strategy it laid out in 2015 to strengthen its core business, to capitalize on the future of personal mobility and to drive significant cost efficiencies. Optimizing product portfolio.

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Volkswagen to build MEB EVs in Chattanooga beginning in 2022; $800M investment in plant

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In addition to Chattanooga, Volkswagen is building the first dedicated EV production facility in Zwickau, Germany, starting MEB production by the end of 2019. Volkswagen is building up the production capacity needed to sell more than 1 million electric cars per year by 2025.

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