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Ford sources battery capacity and raw materials for 600K EV annual run rate by late 2023, 2M by end of 2026; adding LFP

Green Car Congress

The company detailed its global vehicle portfolio plans supporting these production goals as part of its Ford+ plan. Ford plans to invest more than $50 billion in EVs through 2026, targeting total company adjusted EBIT margins of 10% and 8% EBIT margins for EVs by 2026. 150,000 F-150 Lightnings for North America.

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UPS makes largest purchase of renewable natural gas yet in the US: 170M gallon equivalents over 7 years

Green Car Congress

This is the largest commitment for use of RNG to date by any company in the United States, with a range of 22.5 - 25 million gallon equivalents per year. At the same time, we hope our unprecedented seven-year commitment serves as a catalyst for wider adoption of RNG by other companies. Commerce City, Colo.; Orleans, La.; Omaha, Neb.;

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GM leaps ahead in lithium mining race, secures next-gen extraction deal

Teslarati

This has pushed many, including GM, further down its supply chain, buying up companies and securing supplies for the future. GM has already invested in countless extraction companies and their subsequent mining projects, primarily focusing on lithium, but today’s investment is distinct from all the rest.

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Global geothermal industry passes 12,000 MW operational

Green Car Congress

New geothermal power came on line in Kenya, New Zealand, Nicaragua, Turkey, and Mexico, as well as Oregon, Nevada and Utah in the United States. New project announcements have increased the resource under development to about 30,000 MW. Vincent and the Grenadines, Taiwan, Thailand, Uganda, the United States, and Yemen.

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Exxon Mobil Acquiring XTO Energy in $41B Deal; Enhances US Position in Unconventional Natural Gas and Oil

Green Car Congress

Its properties are concentrated in Texas, New Mexico, North Dakota, Pennsylvania, West Virginia, Arkansas, Oklahoma, Kansas, Wyoming, Colorado, Utah, Louisiana and Montana. These will complement ExxonMobil’s holdings in the United States, Canada, Germany, Poland, Hungary and Argentina. and Jefferies & Company Inc.

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Ford will use module-less LFP batteries from CATL

Push EVs

The company detailed its global vehicle portfolio plans supporting these production goals as part of its Ford+ plan. Ford plans to invest over $50 billion in EVs through 2026, targeting total company adjusted EBIT margins of 10% and 8% EBIT margins for EVs by 2026. DEARBORN, Mich., Driving to more than 2 million EVs by late 2026.

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