GM Ramps Up Battery Investment with New Plant

Source: GM   The flood of new models expected in 2020 is going to require a surge in battery production. Anticipating potential supply crunches as battery demand rises, automakers are stepping up their investment in batteries with several looking to produce them domestically in the United States. GM, which has been under fire from labor groups [...]

By |2019-12-09T18:37:39-05:00December 9th, 2019|

Facing Falling Profits, Ford Invests in Rivian

On April 24, Ford announced plans to invest $500 million in Rivian. The investment is a validation of the Michigan-based startup’s approach to EV design and a needed cash infusion as they plan to begin commercial production of their flagship pickup and SUV models by the end of next year. The Ford investment follows a $700 million [...]

By |2019-05-01T16:41:04-04:00April 29th, 2019|
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