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Hyundai Motor and LG Energy Solution to establish 50:50 $4.3B battery cell manufacturing JV in US

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Hyundai Motor Group and LG Energy Solution (LGES) announced an EV battery cell manufacturing joint venture in the US. Hyundai Motor Group and LGES signed a memorandum of understanding to produce EV batteries in the US. Hyundai and LGES will each hold a 50% stake in the JV, which will involve an investment of more than US$4.3

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Electrified Automation awarded £6M to further development of new manufacturing process for electric motors; PIMMS

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million) in government funding to further develop its innovative process for manufacturing electric motors that are more cost-competitive, powerful and efficient than many of the products currently available in the marketplace. As global motor production increases so does the need to find end of life solutions for electric motors.

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SK On takes 10% stake in Australia’s Lake Resources; battery-grade lithium supply deal

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SK On, a global electric vehicle (EV) battery manufacturer, signed a lithium supply deal with Australia’s Lake Resources ( earlier post ), a move that will further strengthen its key battery materials supply chain in response to robust business growth and geopolitical risks. million electric vehicles (EVs). Earlier post.).

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SK On, Westwater Resources to develop anode materials; boosting raw battery material supply chain in N America

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SK On, a leading electric vehicle (EV) battery manufacturer, signed a joint development agreement (JDA) with US graphite company Westwater Resources (WWR) as part of efforts to strengthen its battery raw material supply chain in North America following the enactment of the Inflation Reduction Act (IRA).

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Hyundai Motor Group starts building lunar exploration rover development model

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Hyundai Motor Group (the Group) has started building an initial development model of a lunar exploration mobility rover in tandem with aerospace partners. Hyundai Motor Group has consistently stated its goal is to contribute to expanding human reach and the scope of human mobility experiences.

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CARB and truck and engine manufacturers announce partnership to meet climate and emission reduction goals

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Daimler Truck North America; Ford Motor Company; General Motors Company; Hino Motors Limited, Inc.; In turn, CARB has agreed to work collaboratively with manufacturers to provide reasonable lead time to meet CARB’s requirements and before imposing new regulations and to support the development of necessary ZEV infrastructure.

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AISIN to invest more than $200M in new production lines for two-motor hybrid transmissions in N Carolina

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The new lines will incorporate a high level of automation and support the production of two-motor hybrid transmissions for automakers. The current Aisin two-motor Multi Stage Hybrid Transmission is used in the LC500h and the LS500h. AISIN North Carolina Corporation was established as AW North Carolina, Inc.