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Archer Aviation selects site in Georgia for eVTOL manufacturing facility

Green Car Congress

11/14/2022 The selection of the site for its manufacturing facility represents a key next step as Archer works towards its goal of being first in the industry to bring up a high-capacity production facility. Archer plans to initially build out a 350,000 square-foot facility, capable of producing up to 650 aircraft per year.

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Eos Energy launches $500M Project AMAZE with $398.6M conditional loan guarantee from DOE; long-term zinc-based storage

Green Car Congress

Eos Energy, a provider of safe, scalable, efficient, and sustainable zinc-powered long-duration stationary energy storage systems, announced Project AMAZE (American Made Zinc Energy), a $500-million planned expansion and a significant milestone to build 8 GWh of clean energy storage production capacity.

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Electric Vehicle Spotlight: Financing Rivian R1S

EV Life

American EV manufacturer Rivian Automotive initially unveiled a prototype of its futuristic all-electric SUV—the R1S—at the Los Angeles Auto Show in November 2018. This article will explore the Rivian R1S, examining its available models and premium features and showcasing how financing the R1S through EV Life can save you both time and money.

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GM CFO estimates variable EV profitability in second half of 2024

Teslarati

The CFO did state that a number of factors would affect the profitability of GM’s EV business, such as lower costs of commodities and improvements in EV manufacturing, as noted in a Yahoo Finance report. billion before taxes in Cruise. CFRA analyst Garrett Nelson’s Yahoo Finance segment can be viewed below.

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Benchmark: global battery industry needs to invest $514B to meet demand in 2030; $920B by 2035

Green Car Congress

Manufacturing the additional 2.7 Energy storage might form a relatively small piece of the overall financing required, but it is a strategically critical piece of the puzzle. Batteries are the platform technology for clean energy goals, so financing these supply chains is at the heart of the race towards net zero.

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First Cobalt announces positive feasibility results for Canadian cobalt refinery expansion; first NA producer of battery-grade cobalt sulfate

Green Car Congress

The study contemplates expanding the existing facility and adapting it to be North America’s first producer of cobalt sulfate, an essential component in the manufacturing of batteries for electric vehicles. 37 million in undiscounted pre-tax free cashflow to the project forecasted during the first full year of production.

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LG Chem to Build $ 303M Li-ion Plant in Holland, MI

Green Car Congress

will build its new $303 million lithium-ion battery manufacturing facility in Holland, Michigan. Scheduled for groundbreaking this summer, the 650,000 square-foot facility will be financed in part from a $151.4 Scheduled for groundbreaking this summer, the 650,000 square-foot facility will be financed in part from a $151.4

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