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Enovix raises $45M; working to develop its 3D Silicon Lithium-ion technology for EV market

Green Car Congress

Enovix Corporation has secured $45 million in new funds to produce and commercialize its 3D Silicon Lithium-ion Battery. Enovix replaces electrode winding in a standard pouch lithium-ion battery production process with proprietary laser patterning and high-speed stacking tools to increase line MWh capacity by 30%. Source: Enovix.

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Lucid faces difficult Q1 income questions later gradual gross sales

Baua Electric

The business newcomer delivered simply 1,406 automobiles within the January-March duration, neatly shy of the occasion had to meet its full-year forecast of between 10,000 and 14,000 Breeze sedans from its Arizona manufacturing unit. Within the wind-up to Monday’s income name, traders submitted questions for attention.

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Lucid cuts manufacturing forecast then $780 million internet loss

Baua Electric

Lucid remains to be within the early levels of elevating emblem consciousness and changing EV customers to Wind house owners. Lucid stated it expects to offer its 2d automobile, the Gravity crossover, next this era and to start out accepting reservations. The Wind sedan holds the U.S.

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GM and Chrysler Submit Updated Restructuring Plans; Up to $18.6B More Needed; Outlines for Product Plans

Green Car Congress

Following the steep decline in US industry sales in December 2008 and January 2009, GM responded by further lowering its forecast for 2009 US industry sales to 10.5 While GM hopes to reach agreement with the Swedish government, the Saab Automobile AB subsidiary could file for reorganization as early as this month. million units (57.5

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GM Releases New Viability Plan, Launches Bond Exchange; Phasing Out Pontiac

Green Car Congress

As part of the new plan, GM will accelerate the wind-down or sale of HUMMER, Saturn and Saab to the end of 2009, and phase out Pontiac by the end of 2010. Saab Automobile AB filed for protection under the reorganization laws of Sweden in order to reorganize itself into a stand-alone entity.

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