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

Green Car Congress

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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LG will reimburse GM for Bolt EV recall costs and expenses; $1.9B recovery

Green Car Congress

General Motors has reached an agreement under which LG Electronics Inc. —Shilpan Amin, GM vice president, Global Purchasing and Supply Chain. In August, General Motors voluntarily recalled all Chevrolet Bolt EVs, including the new Bolt EUV. Earlier post.). billion of $2.0

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GM teases new electric-truck details, boasts about battery flexibility

Green Car Reports

During General Motors’ Capital Markets Day presentation for investors Wednesday, the company teased just how much flexibility—and potentially, what a wide range of global products—they can make from the company’s upcoming third-generation electric-vehicle architecture.

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LG Energy Solution hires Nvidia data expert to improve global battery production

Teslarati

His LinkedIn shows that he is still presently employed at Nvidia, but that may change as Pyun settles into his new role as Chief Digital Officer at LGES. Pyun has gained global perspective and experience in operating and developing solutions for AI-based monitoring in smart manufacturing. Both companies invested $2.6

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General Motors China ATC and PATAC award for development of magnesium-intensive decklid highlights focus on lightweight materials

Green Car Congress

Developed by the ATC and GM Global R&D with the support of PATAC for use by Shanghai GM, it is the industry’s first commercial application of a deeply formed magnesium sheet in an automotive body closure panel. The magnesium-intensive decklid covers the trunk of a vehicle.

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US Army, GM collaborate to improve automotive cybersecurity

Green Car Congress

The US Army Combat Capabilities Development Command (CCDC) Ground Vehicle Systems Center ( GVSC ) and General Motors announced a new cooperative research and development agreement (CRADA) which aims to strengthen GM’s and the Army’s automotive cybersecurity expertise over the next two years. —Jeff Langhout, director, GVSC.

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DOE and partners announce V2X collaboration

Green Car Congress

The International Energy Agency (IEA) conservatively estimates that 130 million electric vehicles (EVs) will be on the road globally by 2030. Lucid Motors), the National Electrical Contractors Association – Los Angeles, Nissan, Nuvve Holding Corp., Los Angeles Department of Water and Power, Lucid Group, Inc.