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Honda secures auto industry’s largest renewable energy purchase; 60% reduction in CO2 from N.A. manufacturing operations

Green Car Congress

Seeking to slash CO 2 emissions from its North American manufacturing operations, Honda has entered into long-term virtual power purchase agreements (VPPAs) for renewable wind and solar power that will cover more than 60% of the electricity that Honda uses in North America.

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GM and Element 25 to expand US EV supply chain with domestic manganese sulfate production

Green Car Congress

General Motors and Australia-based Element 25 Limited announced an agreement for Element 25 to supply up to 32,500 metric tons of manganese sulfate (MnSO 4 ) annually to support the annual production of more than 1 million GM EVs in North America. GM continues to strengthen its domestic supply base for EV production.

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GM signs major Li-ion supply chain agreements: CAM with LG Chem and lithium hydroxide with Livent

Green Car Congress

General Motors announced two major Li-ion battery supply chain agreements, one with LG Chem for cathode active material (CAM), and one with Livent for the supply of battery-grade lithium hydroxide. —Jeff Morrison, GM vice president, Global Purchasing and Supply Chain.

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Lordstown Motors delays Endurance truck, sells Ohio factory to Foxconn

Teslarati

Additionally, Lordstown Motors confirmed the sale of its Lordstown, Ohio factory to Foxconn. We announced our Agreement in Principle (“AIP”) with Foxconn regarding the sale of our Lordstown, Ohio assembly plant and the negotiation of a contract manufacturing agreement. “We

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Intel Invests $20-billion in Ohio for Advanced Fabs

Cars That Think

state neither the company nor any other chipmaker has a presence in, Ohio. The bill that would supply that money, the CHIPS Act , has passed in the U.S. The scope and pace of Intel’s expansion in Ohio. The scope and pace of Intel’s expansion in Ohio. So, why Ohio? Ohio is an ideal location for Intel’s U.S.

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Lordstown Motors closes assets sale to Foxconn; JV agreement for MIH-based EV development

Green Car Congress

As previously disclosed, on 10 November 2021, Lordstown Motors and Foxconn entered into an Asset Purchase Agreement (APA) providing for the sale of LMC’s Lordstown, Ohio vehicle assembly plant to Foxconn for $230 million plus the reimbursement of certain operating and expansion costs from 1 September 2021 to the closing date.

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Lordstown Motors continues cash flow woes, sells Ohio plant to iPhone manufacturer Foxconn

Teslarati

Lordstown Motors, an electric vehicle startup based in Ohio, has announced that it has agreed in principle to work jointly on electric vehicle programs with iPhone manufacturer Hon Hai Technology Group, more commonly known as Foxconn. Don’t hesitate to contact us with tips!

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