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GM investing nearly $154M in Lockport Components plant for production of electric motor stator

Green Car Congress

General Motors plans to invest nearly $154 million in its Western New York Lockport Components plant. The investment will be used to renovate the facility and purchase and install new machinery and equipment used in the production of the stator module, a key component in an electric motor. Ultium Drive stator.

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Cirba Solutions and General Motors extend collaboration on EV battery recycling

Green Car Congress

Cirba Solutions (previously Retriev Solutions, LLC) has extended a prior agreement with General Motors (GM) to recycle electric vehicle (EV) lithium-ion battery and cell scrap generated by manufacturing and research at select GM facilities through 2024.

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CATL to license LFP battery tech to General Motors

Teslarati

CATL (Contemporary Amperex Technology Co Ltd) is negotiating with General Motors (GM) to license its LFP (lithium iron phosphate) battery technology. CATL and GM are also discussing the possibility of building a joint factory in North America. Last year, Ford announced plans to build a $3.5

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General Motors to build Ultium electric drives in Ontario

Electric Cars Report

General Motors has announced that it plans to invest in its powertrain plant in St. While the exact amount of GM’s investment was […] The post General Motors to build Ultium electric drives in Ontario appeared first on Electric Cars Report.

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GM, Samsung SDI to build $3B battery plant in Indiana

Green Car Congress

The new battery cell plant, a joint venture between General Motors and Samsung SDI ( earlier post ), is scheduled to begin operations in 2026. GM and Samsung SDI, which announced their joint venture in April, will build the plant just east of New Carlisle at Larrison Boulevard and Indiana 2 to supply GM’s growing EV production needs.

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Electric pickup startup Lordstown Motors goes public via SPAC; $1.6B transaction

Green Car Congress

Lordstown Motors Corporation, a startup developing an all-electric pickup truck serving the commercial fleet market, merged with DiamondPeak Holdings Corporation, a special purpose acquisition company (SPAC). billion transaction provides Lordstown Motors with $675 million of gross proceeds.

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Honda is abandoning plans to build affordable EVs with GM

Electrek

The Honda-General Motors EV saga may be ending sooner than expected. Honda’s CEO, Toshihiro Mibe, said the automaker is scrapping plans to build affordable EVs with GM because of the “changing business environment.” more… The post Honda is abandoning plans to build affordable EVs with GM appeared first on Electrek.