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Genesis delivers first GV60 electric vehicle in the United States

Teslarati

Genesis has announced that it has officially delivered the first GV60 electric vehicle in the United States for the first time, as Patricia Wayne of Los Angeles officially took delivery of her vehicle on Thursday. “I wanted to be part of the next generation of luxury EVs. . The small, crossover SUV is Genesis’s first EV.

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Occidental to acquire direct air capture technology company Carbon Engineering for $1.1B

Green Car Congress

Occidental announced that a wholly owned subsidiary— 1PointFive —has entered into a definitive purchase agreement to acquire all the outstanding equity of Carbon Engineering Ltd. (CE) Occidental is an international energy company with assets primarily in the United States, the Middle East and North Africa.

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GM and POSCO Chemical to build new N America factory to process cathode active material for Ultium batteries

Green Car Congress

Our work with POSCO Chemical is a key part of our strategy to rapidly scale US EV production and drive innovation in battery performance, quality and cost. —Doug Parks, GM executive vice president, Global Product Development, Purchasing and Supply Chain. GM is planning for 1 million annual global EV sales by 2025.

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Totaled Tesla Model 3 gets new lease in life as ultimate budget restoration project

Teslarati

Repairing Teslas is already a challenging endeavor, but restoring a unit that has been deemed a total loss is a task that’s on a completely different level. Despite this, a Tesla enthusiast opted to take on such a challenge, and the results were definitely worth it. link] Please @Tesla , give Winston the job.

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Geomega to recycle rare earths from USA Rare Earth’s anticipated neodymium magnet production

Green Car Congress

As part of its mine-to-magnets strategy, earlier this year USA Rare Earth purchased the sintered neo magnet manufacturing equipment formerly owned and operated in North Carolina by Hitachi Metals America, Ltd. Geomega Resources Inc., Earlier post.) Industry sources project the global neo magnet market will expand by nearly 100% to $27.0

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EV tax credit score rules will have to be adopted, Manchin tells Treasury

Baua Electric

“My comment is simple: Follow the law,” he wrote in an 11-page letter to Treasury, explaining that the tax credit score’s objective is “no longer to promote the purchase and use of [EVs] … but to promote reliable domestic supply chains for the critical minerals and battery components” had to energy them.

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Tesla owner gets ticket for parking “foreign” car in GM plant’s “domestic” lot

Teslarati

In what could be one of the most notable EV-related gaffes in recent months, a Tesla Model 3 owner at General Motors’ (GM) Wentzville Assembly Plant in Missouri received a ticket after parking the electric car in a spot designated for “domestic” vehicles, or cars produced in the United States.

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