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US Steel announces new electrical steel InduX

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United States Steel Corporation announced that its new electrical steel product, InduX, will begin production at its Big River Steel facility in the summer of 2023 with the commissioning of its new non-grain oriented (NGO) electrical steel line. Earlier post.)

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Toyota to invest up to $5.6B in battery production in Japan and US

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Toyota Motor Corporation will invest up to approximately US$5.6 billion in Japan and the United States toward supplying automotive batteries for battery electric vehicles (BEVs), for which demand is growing. In the United States, approximately US$2.5 PPES) and in Toyota plants and property.

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US Steel to supply General Motors with US-sourced sustainable verdeX steel

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United States Steel Corporation will supply General Motors with its advanced and sustainable steel solution called verdeX steel. The steel produced at the Big River Steel facility will begin shipping to GM manufacturing facilities starting this year.

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Hyundai Motor Group signs MOU with SK On to secure EV battery supply for N America

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Hyundai Motor Group signed a memorandum of understanding (MOU) with SK On to secure a supply of EV batteries in North America. Hyundai Motor Group plans to produce various EV models in the United States through Hyundai Motor Alabama Plant (HMMA), Kia Georgia Plant (KaGA), and Hyundai Motor Group New Plant (HMGMA).

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Lightning eMotors announces production launch of GM-based ZEV4 work trucks

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Lightning eMotors announced the production launch of its next generation General Motors (GM)-based Lightning ZEV4 work trucks. To help accelerate fleet vehicle electrification efforts, a number of state and federal level funding programs are available across North America to help offset the cost significantly.

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Li-ion battery-maker Farasis Energy raises $1B+ to accelerate global automotive battery manufacturing expansion

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Farasis Energy, a global developer and manufacturer of lithium-ion cells, modules and large battery systems, recently completed C-round financing exceeding 1 Billion US dollars. The compay will use the capital raised to accelerate the expansion of its global automotive battery manufacturing infrastructure.

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SES expands in South Korea to facilitate commercialization of Li-metal batteries

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Boston-based SES AI Corporation, a developer of high-performance lithium-metal (Li-Metal) rechargeable batteries for electric vehicles and other applications, has incorporated its subsidiary SES Korea and plans to build a pre-production facility in South Korea. SK) and LG Corporation. It’s all about speed and winning the race.