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Ford receives Federal backlash following Chinese battery agreement

Teslarati

Florida Senator Marco Rubio is calling for an investigation into Ford’s recent announcement of a new battery production facility built in conjunction with Chinese battery supplier CATL. billion facility will be one of the largest battery production facilities in the country. Specifically, Sen.

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George Soros buys Tesla ($TSLA) and other tech stocks

Teslarati

According to a Friday filing with the Securities and Exchange Commission , George Soros increased his investments in several tech stocks. The management fund also added investments in Ford, Uber, and Twitter while adding to existing states in Lucid and Nio. million shares in General Motors.

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GMC introduces 2022 HUMMER EV Edition 1; powered by all-new Ultium battery tech

Green Car Congress

It will be the first fully electric addition to GMC’s lineup, driven by next-generation EV propulsion technology that enables off-road capability, on-road performance and an immersive driving experience. Production begins in late 2021, at GM’s Factory ZERO Detroit-Hamtramck Assembly Center. inch diagonal infotainment screen and 12.3-inch

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Aptiv to cut stake in robotaxi tech firm Motional, stop funding – ET Auto

Baua Electric

The company joins Ford Motor, Volkswagen and General Motors in cutting down or backing out of the technology, which is often touted as the future of mobility. Aptiv’s 2024 profit forecast of USD 5.55 to USD 6.05 per share includes a non-cash equity loss of about USD 340 million, or USD 1.20

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Ford has a GMC Hummer EV at its Detroit headquarters: a hint of what’s ahead?

Teslarati

General Motors’ GMC Hummer EV has been spotted outside Ford headquarters in Michigan. According to The Drive , a GMC Hummer EV pickup was spotted just outside Ford’s Detroit headquarters. The company could be looking at GM’s Ultium battery tech or possibly benchmarking the vehicle against its technology.

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US designates Graphite One Project as “High-Priority Infrastructure Project”

Green Car Congress

What we expect from the Biden Administration is to simply make one of their policies to make gigafactories across the whole country at scale in order to turbo-charge and protect their biggest automobile companies such as Ford Motor Co. and General Motors. —Simon Moores of the UK’s Benchmark Minerals Intelligence.

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GlobalData: Venture capital deals value in advanced batteries skyrocketed 850% YoY in 2021

Green Car Congress

—Prasad Kakade, Senior Disruptive Tech Analyst at GlobalData. In December 2021, it received $930 million from Sichuan Energy Investment, Han’s Laser Technology, and others to expand the production facilities and R&D centers for its energy-dense and safe lithium iron phosphate batteries.