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GM to Sell Its Stake in Michigan EV Battery Plant
GM to Exit Michigan EV Battery Plant
The automaker plans to sell its stake to joint-venture partner LG Energy, the latest pullback in its electric-car investments.
GM sells stake in EV battery plant to partner LG Energy Solutions
General Motors is selling its stake in an electric vehicle battery facility to its partner LG Energy Solutions, the automaker announced Monday. The nearly completed factory in Lansing, Michigan, was being developed by Ultium Cells LLC,
GM to Sell Stake in Michigan EV Battery Plant to LG Energy
General Motors Co. is selling its stake in an electric-vehicle battery plant in Lansing, Michigan, to South Korean partner LG Energy Solution, recouping about $1 billion in investment from a facility that will still supply energy cells to the automaker’s EVs.
GM Authority
2d
EV Battery Will Soon Be Cheaper To Replace Than Gas Engine: Report
According to new research by Recurrent, a continuing downward trend in costs and an increase in energy density will lower the ...
1h
on MSN
Porsche 718 EV Might Be Delayed By Northvolt Bankruptcy
Northvolt’s bankruptcy could disrupt electric vehicle timelines, including models from Audi and Porsche. A report suggests ...
2d
on MSN
Stellantis and Samsung to get $7.54 billion federal loan for two EV battery factories
The Department of Energy preliminarily approved another loan to help fund the construction of electric vehicle battery ...
Tire Review Magazine
2d
How electric vehicle power steering is used to extending EV battery life
Electric power steering systems are designed to be more energy-efficient compared to their hydraulic counterparts.
13d
EV battery industry trends in integrated manufacturing and localization initiatives
As the electric vehicle (EV) market expands, manufacturing processes must adapt to meet the growing demand for effectiveness, ...
Tech Xplore on MSN
5d
Electric vehicle fires: How worried should we really be?
Thermal runaway is a self-accelerating reaction that leads to a rapid temperature increase. It is often caused by ...
Electrek
1d
EV battery makers get a $1 billion boost in the EU – but there’s a catch
The European Commission is throwing a lifeline to its emerging EV battery sector with a hefty boost of €1 billion. Question ...
6h
on MSN
Consumer Reports survey finds electric vehicle reliability improving but lagging gas models
The reliability of electric vehicles and plug-in hybrids has dramatically improved, narrowing a gap with gas-powered ...
Seeking Alpha on MSN
7h
Stellantis accelerates EV commitment with battery technology partnership
Stellantis (NYSE:STLA) is increasing its investment in
electric
vehicle
technology through a joint venture ... Dare ...
Electrek
10h
Ford to build EV plant next to one of the world’s largest sources of nickel
After losing huge market share in China and Europe, Ford is looking to a new market full of untapped potential for EVs – ...
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