Factbox: Plans for electric vehicle battery production in Europe
Germany has earmarked 1 billion euros ($1.2 billion) to support a consortium looking to produce electric car battery cells and plans to fund a research facility to develop next-generation solid-state batteries, three sources told Reuters......»»
BMW doubles battery production capacity in the United States
BMW Group said on Wednesday it would double its production capacity for electric vehicle batteries at its U.S. plant in South Carolina as it ramps up manufacturing of plug-in hybrid vehicles to include the X3 vehicle in addition to the X5......»»
U.S. Senate moves forward on plan to develop electric vehicle supply chain
U.S. lawmakers on Tuesday moved closer to developing a national electric vehicle supply chain policy, with senators voicing bipartisan support for legislation designed to parry China's dominance in metals production and battery manufacturing......»»
VW to take on Tesla X in China from 2021 with electric SUV
Volkswagen plans to build a fully electric sports utility vehicle (SUV) for China from 2021, taking on the Chinese market leader Tesla's Model X as the German carmaker ramps up production of zero emissions vehicles......»»
Ford Shifts Plans, Will Make Electric Vehicles In Flat Rock, Begin Autonomous Production In 2021
With demand growing for electric cars, Ford Motor Company (NYSE: F) said Wednesday it will build its next-generation battery-electric vehicles at its Flat Rock Assembly plant near Detroit, instead of self-driving cars, which read more.....»»
Volkswagen vows to build 22 million e-cars over next decade
German automaker Volkswagen is saying it plans to ramp up its production of electric vehicles over the next ten years to 22 million and reduce its carbon footprint over vehicle life cycles by 30 percent......»»
EXCLUSIVE: Tesla calls in airlift for battery plant
Tesla flew six planes full of robots and equipment from Europe in an unusual, high-stakes effort to speed up battery production for its Model 3 electric sedan, people familiar with the matter told Reuters this week......»»
Porsche to name all-electric model Taycan
STUTTGART (Reuters) - Sport car maker Porsche will name its first all-electric car model the Taycan, it said on Friday, a year before it plans to launch serial production of a vehicle that will compete with Tesla's Model S......»»
CATL plans to expand annual battery capacity to 50GWh by 2020
Contemporary Amperex Technology (CATL), a China-based maker of Li-ion power batteries used in electric vehicles, plans to expand annual production capacity to 50GWh by 2020, according to the company......»»
BMW says no change in South Carolina expansion plans
BMW says it will continue plans to add 1,000 jobs in South Carolina, even as it starts production of a new electric vehicle in China. .....»»
Panasonic expects Tesla battery biz to contribute to profit as early as October
Panasonic Corp on Tuesday said it expects its battery business with U.S. electric vehicle maker Tesla to contribute to profit from the second half of its business year, as production of mass-market Model 3 cars picks up pace......»»
GM"s Electric Dream in China Suddenly Looks Underpowered
General Motors’ plans to ramp up electric-vehicle production in China were set back after the auto maker determined the Chinese-made batteries it intended to use failed to meet its own performance and safety standards during testing......»»
VW Announces Plans to Get 27 Electric Vehicle Models Into Production by 2022
Volkswagen has announced a major push to manu.....»»
Enel-BYD say Chile electric bus roll-out heralds more for region
Europe's biggest utility Enel and Chinese electric vehicle giant BYD on Thursday marked the arrival of 100 electric buses in Chile and said they would work together on similar plans for three other Latin American nations......»»
South Korea"s SK Innovation bets on Europe, China electric vehicle demand
South Korea's SK Innovation , a supplier of electric vehicle (EV) batteries to Daimler and Volkswagen , aims to boost production capacity more than tenfold by 2022, betting on global demand......»»
Ford plans to develop two dedicated all-electric vehicle platforms, Reuters says
See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»
Lordstown Motors sinks 19% as the electric vehicle maker cuts production outlook and seeks more funding
Lordstown forecast that production of its Endurance truck this year would be "at best" 50% of its previous expectations. The Endurance truck wit.....»»
Lordstown Motors needs more capital to meet electric truck launch goals
Lordstown Motors said Monday it expects to spend $115 million more than expected in 2021, making it necessary for the company to return to capital markets to raise more money to meet its fall production plans. The Youngstown, Ohio-area manufacturer .....»»
Musk Says Russia Is On Tesla"s Radar As Potential Production Hub: Report
Tesla Inc.'s (NASDAQ: TSLA) global ambitions are getting bigger and the electric vehicle pioneer is contemplating setting up a manufacturing base at a country known for its authoritarian government and not-so-transparent policies. read more.....»»
Ford Set To Announce EV Battery Joint Venture With SK Innovation Thursday: Report
Ford Motor Co (NYSE: F) and South Korean battery maker SK Innovation are close to announcing a battery joint venture in the United States to aid the maker of the F-150 Lightning truck boost its electric vehicle roll-out, Reuters read more.....»»
Capitol Report: Biden says U.S. can’t let China win EV race as he visits Ford plant
President Joe Biden on Tuesday touted his electric-vehicle and infrastructure plans in a visit to a Ford Motor Co. plant in Michigan, framing his proposals as giving the U.S. a competitive edge against China......»»