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Schaeffler invests $230 million in new automotive manufacturing facility in Ohio for EV products – Charged EVs

Baua Electric

Global motion technology company Schaeffler plans to expand its US operations with the addition of a new manufacturing facility focused on producing automotive electric mobility solutions. The state government is providing grants and tax credits for the company’s investments, which are expected to create some 650 jobs.

Ohio 52
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Honda may build an EV factory in Canada featuring in-house battery cells

Teslarati

Japanese automaker Honda is considering locations to build an electric vehicle (EV) factory in Canada featuring the use of in-house battery cells. Honda would be aiming to have the facility operational by 2028, and the company is planning to decide on a specific location by the end of this year. million sales per year by 2030.

Canada 119
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Foxconn brings EV battery production to two U.S. states

Teslarati

Foxconn, the iPhone manufacturer that bailed out Lordstown Motors from bankruptcy, announced that it would build electric vehicle batteries in Wisconsin and Ohio on Thursday, hoping to take advantage of the Inflation Reduction Act that incentivizes domestic cell manufacturing. The sale was finalized in May 2022.

Wisconsin 119
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Fisker releases details on $29,900 Pear production in the US

Teslarati

It plans to build a factory in Ohio for Fisker Pear production. The company will offer Fisher Pear customers two battery options. The company will also add an Extreme performance variant to the lineup. The Fisker Pear could qualify for some of the tax incentives listed in the Inflation Reduction Act.

Fisker 101
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Lucid Air debuts in New York; completes first high speed stability test at 217 mph

Green Car Congress

The factory, first announced in November 2016, will come online in 2019 and build 10,000 vehicles in the first 12 months. By 2022 the company expects the factory to employ 2,000 full-time employees and manufacture up to 130,000 vehicles annually. The Lucid Air is priced from $52,500 after federal tax credits.

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What Does GM’s “30 New EVs By 2025” Promise Mean for the US Market?

EV Adoption

That phrase is a business principle that leaders of customer-centric companies live by. Will GM’s Ultium Cells battery factory in Lordstown, Ohio be able to supply enough battery packs? The Cruise Origin electric autonomous shuttle and one more Cruise autonomous vehicle, perhaps a mid-sized CUV for ride sharing companies.

GM 116
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Honda, Acura neatly situated in 2023, says American Honda’s Mamadou Diallo

Baua Electric

The recognition of our product trait and reliability offers our shoppers leisure of thoughts even right through tricky financial occasions, and is one thing we consider will proceed to profit us as a company. This may be why the EV tax credit score is an impressive software for electrification — to build EVs inexpensive and spur adoption.

Acura 52