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General Motors to recall all additional Bolt EVs, through MY 2022, for battery replacement; $1B cost

Green Car Congress

General Motors is voluntarily expanding the current Chevrolet Bolt EV recall ( earlier post ) to cover the remaining 2019 and all 2020-2022 model year vehicles, including the new Bolt EUV. GM is working aggressively with LG to increase production as soon as possible. 63,683 (52,403 in the US.

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GM-Honda to start hydrogen fuel cell commercial production in MI

Teslarati

General Motors (GM) and Honda announced that their 50-50 joint venture on a hydrogen fuel cell facility in Michigan is ready to start commercial production. In 2017, The two legacy automakers established the Fuel Cell System Manufacturing LLC (FCSM), the first large-scale fuel cell system manufacturing facility.

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GM, POSCO Future M announce 2nd phase of CAM production in N America; adding pCAM

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General Motors and POSCO Future M announced the second phase of their Ultium CAM joint venture, an investment projected to exceed US$1 billion to increase production capacity of cathode active materials (CAM) in North America and integrate precursor materials production. Site selection will be announced later.

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

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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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GM restructuring; changing product development, production; 5 NA & 2 international plants shutting next year; staff reduction

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General Motors on Monday outlined a series of major restructuring steps that it said would accelerate its transformation for the future, building on the strategy it laid out in 2015 to strengthen its core business, to capitalize on the future of personal mobility and to drive significant cost efficiencies. Optimizing product portfolio.

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

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The demand for domestically produced and sustainably sourced battery metals has grown at a near insatiable rate over recent years, as the domestic manufacturing capacity of lithium-ion batteries has grown exponentially from less than 50 GWh/year to now more than 700 GWh/year of operational and announced capacity.

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GM Defense awarded $214.3M contract to produce Army’s Infantry Squad Vehicle; based on 2020 Colorado with 2.8L diesel

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The US Army Contracting Command–Detroit Arsenal announced that GM Defense LLC , a subsidiary of General Motors, has been awarded the production contract to build, field and sustain the Army’s new Infantry Squad Vehicle (ISV). The total production ISV contract award value is $214.3

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