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GM and Honda expanding partnership to codevelop series of affordable EVs in most popular vehicle segments; on sale in 2027

Green Car Congress

General Motors and Honda plan to expand the two companies’ relationship by codeveloping a series of affordable electric vehicles based on a new global architecture using next-generation Ultium battery technology. —Mary Barra, GM chair and CEO.

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GM, POSCO Future M announce 2nd phase of CAM production in N America; adding pCAM

Green Car Congress

pCAM is a specifically engineered combination of processed raw materials necessary to produce CAM, a key battery material representing about 40% of the cost of a battery cell. This announcement is the latest in a series of actions GM has taken to build a more secure EV supply chain. Site selection will be announced later.

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Tesla wins Kelley Blue Book’s 2023 5-year Cost to Own Award for premium EVs

Teslarati

Consumers are well aware that vehicle ownership involves not only the purchase price of cars but also the vehicle’s total cost of ownership. With this in mind, Kelley Blue Book (KBB) named its 2023 model-year brand and category winners of its 5-Year Cost to Own Awards. Don’t hesitate to contact us with news tips.

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GM goes all-in on EV battery development with new Michigan facility

Teslarati

. “Today, General Motors announced the Wallace Battery Cell Innovation Center, an all-new facility that will significantly expand the company’s battery technology operations and accelerate development and commercialization of longer range, more affordable electric vehicle batteries.

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GM to hike Hummer EV prices by $6,250 on Saturday

Teslarati

GM said the increase in price was due to higher prices for parts, technology demands, and logistics as the global supply chain crisis continues to rage on. Increased fueling costs are driving the shipment of vehicle parts up considerably, contributing to increased vehicle prices across the sector. EV2X – $96,245.

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GM China begins prototype battery cell fabrication

Green Car Congress

GM China Advanced Technical Center’s Cell Fabrication Lab in Shanghai recently produced its first batch of battery cells. These systems are expected to be more affordable for GM customers around the world and help GM expand vehicle electrification. —John Du, Director of GM China’s China Science Lab.

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Tesla price cuts hinder Hertz earnings as it misses profit estimates

Teslarati

Hertz said it would slow down EV adoption while it learns to manage costs, CEO Stephen Scherr said on Thursday, according to Bloomberg. The resale value of their Tesla fleet has decreased by about 30 percent, and EV maintenance costs have been higher than Hertz initially expected. I’d love to hear from you!

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