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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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GM investing nearly $154M in Lockport Components plant for production of electric motor stator

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General Motors plans to invest nearly $154 million in its Western New York Lockport Components plant. The investment will be used to renovate the facility and purchase and install new machinery and equipment used in the production of the stator module, a key component in an electric motor. Ultium Drive stator.

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Honda to purchase 123 GWh of batteries from CATL for EVs in China from 2024 through 2030

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Limited (CATL) and Honda Motor (China) Investment Co., announced that from 2024 through 2030, Honda will purchase 123 GWh of batteries for pure electric vehicles in China from CATL. With the scale-up of the production and sale of Honda’s pure electric vehicle brand e:N, the two companies agree to further strengthen their partnership.

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VIA Motors sells 2,000 Class 3 electric chassis cabs to Pegasus Specialty Vehicles

Green Car Congress

VIA Motors, a provider of electric drive technology and sustainable mobility solutions for a wide variety of Class 2 – 5 electric commercial vehicles applications, has received a purchase order for 2,000 Class 3 VIA electric cutaway chassis cabs from Pegasus Specialty Vehicles.

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Hyundai Motor Group to build $5.54B EV plant and battery factory in Georgia

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Hyundai Motor Group (HMG) entered into an agreement with the State of Georgia to build its first dedicated full electric vehicle and battery manufacturing facilities in the US. Non-affiliated Hyundai Motor Group suppliers will invest approximately another $1 billion in the project. billion by 2025 to foster future mobility in the U.S,

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

Green Car Congress

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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