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Stellantis investing $155M in 3 Indiana plants to produce new electric drive modules

Green Car Congress

Stellantis will invest a total of $155 million in three Kokomo, Indiana, plants to produce new electric drive modules (EDM) that will help power future electric vehicles assembled in North America and to support the goal of 50% battery-electric sales in the US by 2030. billion in Indiana to support its transition to electrification.

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ArcelorMittal develops two steel solutions to reduce weight of pickups; exploring applications in PHEVs

Green Car Congress

The new steel solutions include advanced steel grades developed by ArcelorMittal’s research and development (R&D) teams in Maizières-lès-Metz and Montataire, France and East Chicago, Indiana. Pick-up trucks represent a significant part of the NAFTA region’s light vehicle market. According to IHS, more than 2.6

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FPL Group and Duke Energy Pledge 10-year, $600M+ Commitment to Transition Fleets to PHEVs and EVs

Green Car Congress

and Duke Energy last week announced a 10-year commitment to transition their company cars and trucks to plug-in hybrid or all-electric vehicles. Tags: Hybrids Plug-ins. FPL Group, Inc. The announcement was made during the Clinton Global Initiative ’s (CGI) fifth annual meeting in New York City. Lew Hay, FPL Group chairman and CEO.

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Lexus introduces TX 3-row SUV with three powertrain choices: ICE, HEV and PHEV

Green Car Congress

TX will be exclusively assembled by Toyota Motor Manufacturing, Indiana (TMMI), and is the first Lexus vehicle to be assembled there. V6 plug-in hybrid and a high-performance 2.4L turbocharged hybrid powertrain. turbocharged Parallel Hybrid system and is available exclusively as F SPORT Performance.

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Stellantis to invest $229M in Kokomo operations to produce 4th-gen 8-speed transmission; ICE, MHEV and PHEV

Green Car Congress

Stellantis will invest a total of $229 million in three of its Kokomo, Indiana, plants to help the company reach its goal of achieving 40% low-emission vehicle sales in the US by 2030. Adding electrified transmission assembly also diversifies the product portfolio of the Kokomo operations. Production is expected to launch later this year.

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President Obama Announces 48 Projects to Receive $2.4B in Grants for Next-Generation of Batteries and Electric Vehicles; To be Combined with $2.4B in Industry Cost-Share

Green Car Congress

The announcement marks the single largest investment in advanced battery technology for hybrid and electric-drive vehicles ever made. Production of nickel-cobalt-metal battery cells and packs, as well as production of battery separators (by partner Entek) for hybrid and electric vehicles. Industry officials expect that this $2.4

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GM and PHEV Maker Bright Automotive Announce Strategic Relationship; GM Ventures Funding

Green Car Congress

Bright Automotive, the developer of the purpose-built, plug-in hybrid IDEA ( earlier post ), and General Motors Co. GM has provided funding to the Indiana automaker, the first funding action by the newly formed General Motors Ventures LLC ( earlier post ). Tags: Electric (Battery) Hybrids Plug-ins Vehicle Manufacturers.