article thumbnail

Automotive industry develops new guidance for measuring recycled content of automotive products

Green Car Congress

Our team also plans to convene a new work group in the coming months to focus on sustainable materials-specific initiatives and developing additional resources for companies throughout the supply chain. —Kellen Mahoney, Program Director, SP. —Lecedra Welch, Program Manager, Environmental Sustainability, AIAG.

article thumbnail

Li-Cycle receives conditional commitment for $375M loan from DOE ATVM program

Green Car Congress

The conditional commitment follows DOE technical, market, financial and legal due diligence and marks another significant milestone endorsing Li-Cycle’s development of the first commercial hydrometallurgical resource recovery facility in North America, located near Rochester, New York. Li-Cycle Holdings Corp.

Li-ion 199
article thumbnail

China is Unhappy with the Inflation Reduction Act and Has Complained to the WTO

The Truth About Cars

With an eye on reducing America’s dependence on Chinese batteries and materials, the Act incentivizes automakers to source materials from free-trade-compliant countries and build EVs in North America. Legal experts say this case might not be so airtight for China, noting that the U.S. At the same time, the U.S.

China 98
article thumbnail

Lordstown Motors files for Chapter 11, sues Foxconn; selling off Endurance electric pickup

Green Car Congress

Under the partnership, Lordstown agreed to divest its most valuable assets to Foxconn, namely its Lordstown, Ohio manufacturing facility—one of the largest in North America—along with its manufacturing and operational employees. Earlier post.) Earlier post.)

Motor 150
article thumbnail

Volkswagen Truck & Bus enters into strategic alliance with Navistar, takes 16.6% stake; entry into N. America

Green Car Congress

Volkswagen Truck & Bus has formed a wide-ranging strategic alliance with Navistar International Corporation, which includes an equity investment in Navistar by Volkswagen Truck & Bus and framework agreements for strategic technology and supply collaboration and a procurement joint venture. stake (19.9%

America 150
article thumbnail

LG Energy Solution signs binding term sheet with Sigma Lithium for battery-grade lithium concentrate

Green Car Congress

Sigma Lithium and LGES also agreed to negotiate each year, starting in 2022, an additional optional supply of battery grade sustainable lithium, not otherwise committed in other Sigma Lithium offtake arrangements, as per the table below. —Dong Soo Kim, Senior Vice President of Procurement Center at LG Energy Solution.

Energy 170
article thumbnail

After chiding Ford for US CATL battery plan, GM may be seeking its own

Baua Electric

battery-supply deal with China’s CATL, Car News China reports. The deal reportedly being discussed would bring that partnership to North America in the form of a joint battery plant located in either the U.S. So even if Ford or GM controls manufacturing, Chinese intellectual property could make these deals a legal gray area.

GM 52