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Magna lags profit estimates, cuts annual sales forecast on supply chain snags – ET Auto

Baua Electric

Magna executives said on a post-earnings call the company was assessing impacts from automakers’ shifting electrification plans, particularly in North America. Supply chain constraints, coupled with labor shortages which began during the pandemic, also continue to impact the auto industry as they try to ramp up production.

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OneD, Koch Modular partner to scale up silicon-graphite EV anode materials – ET Auto

Baua Electric

OneD Battery Sciences and Koch Modular said on Wednesday they have teamed up to build a factory in North America to produce enough silicon-graphite anode material to supply batteries for around 1 million EVs annually. The company says the process also saves money for automakers seeking affordable EV models.

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Asian EV Manufacturers You Should Know

Clean Fleet Report

Some Are Coming to the USA; Some Are Here This article may contain affiliate links. BYD Auto BYD Auto is currently the top-selling EV manufacturer in the world, having overtaken Tesla in late 2023. Their affordability could potentially make them a popular choice as more car owners look to buy an EV on a tight budget.

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Honda formalizes joint venture with LG Energy Solutions

Teslarati

While Honda has yet to sell an electric vehicle in North America, that is expected to change in the coming years, as the Japanese auto giant has partnered with GM to introduce an electric SUV. Simultaneously, Honda’s motorcycle division has pledged to bring 2-3 electric vehicles to North America over the next few years.

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GM becomes top automaker in the US, but its EV sales lag competitors

Teslarati

General Motors (GM) has announced its Q4 auto sales, showing that it has become the top automaker in the United States for 2022. As the company has become the largest auto seller in the United States, it has finally begun its electrification process with more gusto. What do you think of the article?

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Ford leverages EV production head start against rivals in latest ramp

Teslarati

Other popular models, including the Ford Maverick and the Ford Bronco Sport, are also receiving production ramps to help the Blue Oval stay ahead of demand for the popular, affordable models. General Motors CEO Mary Barra has outlined that the auto group will produce 400,000 EVs “in North America during 2022 and 2023.”

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Progress! IRA signed into law

Electric Auto Association

EV provisions The legislation creates a new and used EV tax credit, extending the tax credit on some new EVs to 2032 while shifting tax incentives to more affordable models that are manufactured in North America. has a free trade agreement, or with materials recycled in North America.