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

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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 Battery related projects have accounted for at least $11 billion in investment.

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Toyota Motor Manufacturing Turkey to become Toyota’s first European plant to produce plug-in-hybrid vehicles and batteries

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The second-generation Toyota C-HR will be produced at Toyota Motor Manufacturing Turkey (TMMT) in Sakarya—about 150 km east of Istanbul. In addition, TMMT will be Toyota’s first European plant to start producing plug-in hybrid vehicles, and the first to be equipped with a battery production line.

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Hyundai Motor and LG Energy Solution to establish 50:50 $4.3B battery cell manufacturing JV in US

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Hyundai Motor Group and LG Energy Solution (LGES) announced an EV battery cell manufacturing joint venture in the US. Hyundai Motor Group and LGES signed a memorandum of understanding to produce EV batteries in the US. billion (KRW 5.7

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ZF develops compact, competitive magnet-free electric motor: In-Rotor Inductive-Excited Synchronous Motor

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ZF has developed an electric motor which does not require magnets. In contrast to the magnet-free concepts of separately excited synchronous motors (SESM) already available today, ZF’s I 2 SM (In-Rotor Inductive-Excited Synchronous Motor) transmits the energy for the magnetic field via an inductive exciter inside the rotor shaft.

Motor 418
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Lockheed Martin Ventures invests in high performance electric motor manufacturer H3X

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H3X designs and manufactures advanced electric motors to enable sustainable aviation and other high-performance applications. These areas include electromagnetics, material science, power electronics, additive manufacturing, motor control, and thermals. This latest funding brings the total raised by H3X to $9 million.

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EVR Motors partners with EKA Mobility to provide advanced lightweight electric motors for e-buses and Light Commercial Vehicles in India

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Israeli startup EVR Motors has partnered with India’s EKA Mobility, an electric vehicles and technology company, a subsidiary of Pinnacle Industries Limited, to design small, lightweight electric motors for their e-buses and Light Commercial Vehicles (LCVs) in India. EVR will support the setup of EKA’s assembly line.

India 417
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Infinitum introduces Aircore Mobility motor at CES 2023

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Infinitum, creator of the air core motor ( earlier post ), introduced Aircore Mobility, a next-generation, axial flux propulsion and traction motor designed to sustainably power passenger and commercial electric vehicles, as well as aviation, marine, construction, agricultural machines and auxiliary applications.

Motor 468