The interpretation of a regulation by the Treasury Department could upend expectations for how tens of billions of dollars in new electric vehicle tax incentives will be distributed.
March 22, 2023GovernmentBusinessTechnology
Ford Is Investing $3.5 Billion in EV Battery Plant With China’s CATL
Ford Motor Co. is investing $3.5 billion in an electric vehicle battery plant in southwest Michigan that it will operate with technology and support from a Chinese battery maker that has stirred political controversy.
February 13, 2023BusinessTechnologyEquipment
Tesla Invests $3.6 Billion in Nevada Factories for Batteries, Trucks
Tesla Inc. is investing $3.6 billion in two new factories to build electric vehicle batteries and its all-electric Semi heavy-duty truck near an existing production site in Reno, Nev.
January 25, 2023BusinessTechnologyEquipmentTCA
Stellantis Secures Manganese Sulfate Supply for EV Batteries
The maker of Jeep SUVs, Ram pickup trucks and other vehicles on Jan. 9 said it has secured a supply of high-purity manganese sulfate monohydrate for electric vehicle batteries.
January 13, 2023BusinessTechnologyEquipment
China’s CATL Extends Lead as World’s Top EV Battery Maker
Contemporary Amperex Technology Co. Ltd.’s share of the electric vehicle battery market continues to grow, as the Chinese company accounted for 37.1% of global sales in the first 11 months of 2022.
January 4, 2023GovernmentBusinessTechnologyEquipment
Ford, China’s CATL Mull Workaround for New US Battery Plant
Ford Motor Co. and China’s Contemporary Amperex Technology Co. Ltd. are considering building a battery manufacturing plant in Michigan in a complex arrangement designed to reap new tax benefits.
December 15, 2022GovernmentBusinessTechnologyEquipmentFuel
EV Battery Production Boosted by $2.8 Billion Federal Grant to 20 Companies
Companies in 12 states are receiving $2.8 billion in federal awards to strengthen domestic production of electric vehicle batteries and grid components, part of President Joe Biden’s agenda to boost U.S. manufacturing and accelerate clean energy initiatives.
October 23, 2022GovernmentBusinessTechnologyFuel
Pelosi’s Taiwan Trip Spurs CATL to Pause EV Battery Plant Plans
A giant Chinese supplier of electric vehicle batteries decided to push back announcing a multibillion-dollar North American plant to supply Tesla Inc. and Ford Motor Co. due to tensions raised by House Speaker Nancy Pelosi’s trip to Taiwan, according to people familiar with the matter.
August 2, 2022GovernmentBusinessTechnologyFuel
Biden Wants to Cut Into China’s Electric Battery Dominance
SACRAMENTO, Calif. — President Joe Biden highlighted his efforts to counter China’s dominance of the electric battery market on Feb. 22 as he touted domestic efforts to mine and process lithium and rare metals necessary to create the technology that powers cars, electronics, wind turbines and more.
February 23, 2022BusinessTechnologyEquipmentFuel
VW to Spend $2.3 Billion on Battery Hub, Sets Up New Unit
Volkswagen AG will invest 2 billion euros in a planned battery hub in Germany as part of a decision to create a dedicated company for the carmaker’s battery business.
December 13, 2021