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Lithium-ion battery recycler ABTC expands operations and capacity with newly purchased facility

Green Car Congress

This rapid growth in demand has been further amplified with the passage of the “Inflation Reduction Act” (IRA) in the Fall of 2022, which includes mechanisms to incentivize electric vehicle manufacturers and consumers to purchase electric vehicles (EVs) that source battery metals from domestic manufacturers.

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Hitachi Metals shows its ferrite magnet motors can match performance of neodymium traction motors

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Hitachi Metals has verified in simulations that by optimizing the design of motors that use its high-performance ferrite magnet NMF 15 (hereinafter “ferrite magnet motors” earlier post ), they are able to achieve the same level of output as traction motors for xEV that use neodymium magnets.

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Maersk purchases 25 Volvo FH Electric trucks for container transports in Germany

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Maersk has purchased 25 Volvo FH Electric trucks in Germany. This strategic investment highlights the company’s commitment to decarbonizing global logistics and to becoming a net-zero company by 2040 across all business areas and all modes of transport. million.

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Cadillac CELESTIQ to be built at GM’s Global Technical Center

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General Motors will invest more than $81 million into the company’s Global Technical Center in Warren, Michigan, to prepare the campus to build the Cadillac CELESTIQ ( earlier post ). The investment will be used to purchase and install related equipment to hand-build the CELESTIQ and campus renovation work has already begun.

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Hyundai Motor Group affiliates to join Climate Group’s RE100, aim to expand renewable energy use

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Hyundai Motor Group (the Group) announced that five key affiliate companies, including Hyundai Motor Company and Kia Corporation, will join Climate Group’s RE100 , a global initiative committed to moving toward 100% renewable energy. Hyundai Motor and Kia, along with Hyundai Mobis Co., Hyundai Wia and Hyundai Transys Inc.,

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Honda and General Motors sign MoU toward establishing a strategic alliance in North America

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General Motors and Honda today signed a non-binding memorandum of understanding (MoU) following extensive preliminary discussions toward establishing a North American automotive alliance. —Mark Reuss, president of General Motors. —Seiji Kuraishi, executive vice president of Honda Motor Co.,

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Lordstown Motors closes assets sale to Foxconn; JV agreement for MIH-based EV development

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Lordstown Motors, an OEM of electric light-duty trucks focused on the commercial fleet market, has closed the sale of its Lordstown facility and signed a contract manufacturing agreement and joint venture agreement for product development with affiliates of Hon Hai Technology Group (Foxconn).

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