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Honda and General Motors sign MoU toward establishing a strategic alliance in North America

Green Car Congress

General Motors and Honda today signed a non-binding memorandum of understanding (MoU) following extensive preliminary discussions toward establishing a North American automotive alliance. —Mark Reuss, president of General Motors. —Seiji Kuraishi, executive vice president of Honda Motor Co.,

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Nikkei: Nidec to build $715M e-axle plant in Mexico

Green Car Congress

The Nikkei reports that Japan-based motor maker Nidec is planning to invest an estimated ¥100 billion (US$715 million) to build an e-axle plant in Mexico. The company is currently producing e-axles in China and Europe but will start making them in North America as well ahead of an expected surge in demand.

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Volkswagen committing $7.1B to boost product line-up, R&D, manufacturing in North America; targeting 55% BEV sales by 2030

Green Car Congress

Currently, more than 90% of Volkswagen’s vehicle portfolio for North America is assembled in North America, including the Atlas and Atlas Cross Sport SUVs in Chattanooga, TN, as well as Tiguan, Taos and Jetta in Puebla, Mexico. Volkswagen aims to strengthen these capabilities in its pivot to electric mobility.

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Volkswagen accelerates engineering and R&D capabilities within the North American region with new Chief Engineering Officer

Green Car Congress

Volkswagen continues to expand its design and engineering capabilities as well as grow its leadership team in North America with the addition of the company’s new Chief Engineering Officer, Lyndon Lie.

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Bosch begins electric motor production in Charleston; more than $260M in new investment

Green Car Congress

Bosch has begun production of electric motors at its Charleston, S.C. Electric motors from Bosch can deliver anywhere from 50 kilowatts to up to 500 kilowatts with torque ranging from 150 N·m to 1000 N·m. We have grown our electrification business globally and here in the North American region.

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Energy major Total leads strategic investment into supplier of hydrogen fuel-cell powered commercial vehicles HYZON Motors

Green Car Congress

Hydrogen mobility and clean energy company, HYZON Motors, and Total Carbon Neutrality Ventures, the venture capital arm of European energy giant Total SE, announced a strategic investment led by Total and other specialist hydrogen investors. —Craig Knight, CEO and Co-Founder of HYZON Motors.

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GM and Vacuumschmelze (VAC) to build a new magnet factory in US to support EV growth

Green Car Congress

GM and Vacuumschmelze (VAC) of Germany announced plans for VAC to build a plant in the US that will manufacture permanent magnets for the electric motors used in the GMC HUMMER EV, Cadillac LYRIQ, Chevrolet Silverado EV and more than a dozen other models using GM’s Ultium Platform. Magnets are at the heart of an EV motor.

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