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Hyundai Motor Group and LG Energy Solution to invest additional $2B in Georgia battery manufacturing JV

Green Car Congress

Hyundai Motor Group and LG Energy Solution (LGES) will invest an additional $2 billion in their battery cell manufacturing joint venture (JV) at the Metaplant in Bryan County, raising the JV’s total investment value to more than $4.3 With the new announcement, the EV manufacturing facility and the battery JV represents an estimated $7.59

Georgia 282
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BMW i Ventures launches new $300M fund for sustainability, transportation, manufacturing and supply chain investments

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The new fund will invest in early to mid-stage start-ups operating in the sustainability, transportation, manufacturing, and supply chain industries. Marcus Behrendt brings over 25 years of expertise in the automotive industry to this leadership position.

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Rio Tinto and Marubeni partner to create stronger and more responsible aluminum supply chains

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Rio Tinto and Japanese trader and business conglomerate Marubeni Corporation have agreed a first sale under a new strategic collaboration agreement to secure a sustainable and reliable supply of Rio Tinto’s Responsible aluminum products to Japanese downstream manufacturers.

Supplies 199
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Why New Production Sources of Tungsten Are Critical for Increased Global Supply

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by Lewis Black, CEO of Almonty Industries. All car manufacturers seem to be following in the same footsteps as Tesla. and global economies with businesses and manufacturers having to close doors and furlough employees, the global trade markets plummeted to an 11-year low of 41.5% Source: Almonty. Should the U.S.

Supplies 380
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Redwood Materials welcomes a new Chief Supply Officer

Teslarati

Redwood Materials welcomed a new Chief Supply Officer from the Tesla family recently. He worked at Tesla as the Director of Gigafactory Operations between 2017 and 2018 and as Vice President of Operations between 2018 to 2022 between 2018 and 2022. It is startup speed mixed with huge industrial facilities.

Supplies 134
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Volkswagen Group and Chinese manufacturer Ganfeng sign memorandum of understanding for long-term lithium supplies

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GFL) registered in Jiangxi (China) have signed a memorandum of understanding on long-term lithium supplies for battery cells. Under the agreement, Ganfeng will supply lithium to the Volkswagen Group and its suppliers for the next ten years. The Volkswagen Group and Ganfeng Lithium Co.,

Chinese 268
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BMW Group uses Blockchain to drive supply chain transparency: “PartChain”

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The BMW Group is using Blockchain technology in purchasing to ensure the traceability of components and raw materials in multi-stage international supply chains. The automotive industry’s international supply chains are highly complex. BMW Group co-founded Mobility Open Blockchain Initiative ( MOBI ) in 2018.

BMW 386