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Magna to supply battery enclosures for Silverado EV

Green Car Congress

Magna has secured new business from General Motors (GM) to supply battery enclosures on the all-new 2024 Chevrolet Silverado EV. Clair, Michigan, where it already produces the battery enclosure for the GMC HUMMER EV. Magna is also making battery enclosures for the Ford F-150 Lightning.

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Yamaha Motor supplying electric motors for Subaru Tecnica International; to be mounted on STI E-RA EV

Green Car Congress

Yamaha Motor will supply Subaru Tecnica International Inc. STI) with hyper-EV electric motor units ( earlier post ) for the STI E-RA EV the company is developing for future motorsport. The commissioned development of prototype electric motors is one of the company’s initiatives toward achieving this goal.

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Hyundai Motor Group signs MOU with SK On to secure EV battery supply for N America

Green Car Congress

Hyundai Motor Group signed a memorandum of understanding (MOU) with SK On to secure a supply of EV batteries in North America. Under the MOU, both parties will cooperate to provide SK On batteries to the Group’s plants in the US after 2025 for the EV production. million full electric vehicles annually by 2030.

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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

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Hyundai Motor Group and SK On to invest $5B in EV battery cell production joint venture in Georgia

Green Car Congress

Hyundai Motor Group plans to set up an electric vehicle (EV) battery cell production joint venture in the US with partner SK On. The Group affiliates Hyundai Motor Company, Kia Corporation and Hyundai Mobis each approved the plan at their respective board meetings.

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

Green Car Congress

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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SK On takes 10% stake in Australia’s Lake Resources; battery-grade lithium supply deal

Green Car Congress

SK On, a global electric vehicle (EV) battery manufacturer, signed a lithium supply deal with Australia’s Lake Resources ( earlier post ), a move that will further strengthen its key battery materials supply chain in response to robust business growth and geopolitical risks. million electric vehicles (EVs).

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