In ongoing talks, General Motors aims to partner with CATL, leveraging LFP battery technology for cost-effective production. This collaboration could lead to a new North American factory, enhancing EV affordability and accessibility. A successful deal would also align with federal tax incentives, bolstering the EV market's growth while navigating regulatory landscapes. https://lnkd.in/gTa7ZWGN #EVNews #EV #GeneralMotors #CATL #LFPBatteries #EVTechnology #NorthAmericanFactory #UnitedStates #Mexico #ElectricVehicles #FederalTaxCredits #BatteryTechnology #AutomotiveInnovation #SustainableTransport #EVMarket #Partnership #Ford #BlueOvalBatteryPark ##GeneralMotors #CATL #LFPBatteries #EVTechnology #NorthAmericanFactory #UnitedStates #Mexico #ElectricVehicles #FederalTaxCredits #BatteryTechnology #AutomotiveInnovation #SustainableTransport #EVMarket #Partnership #Ford
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The challenges faced by electric vehicle (EV) manufacturers in the supply chain are multifaceted and impactful. Issues such as shortages of critical components like batteries, high production costs, shipping delays, and inefficient production processes are exacerbating existing challenges. The complexity of the EV supply chain compared to traditional vehicles, the lack of infrastructure for raw material sourcing and battery production, and the need to streamline logistics for efficient manufacturing and distribution pose significant hurdles. Additionally, the unavailability of charging infrastructure and the high cost of EVs are key obstacles that need to be addressed to drive the successful adoption and production of electric vehicles. #SupplyChainChallenges
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The rise of auto companies qualifying sodium-ion batteries into the low-end is rising with the long-term goal of breaking into the medium-end electric vehicle segment. LFP gigafactory companies will be facing strong contenders, but competition is everywhere, just how the same LFP companies are battling the high-end electric vehicle market dominated by ternary batteries. https://lnkd.in/gdXFBYhA
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Honda has announced a demonstration line for all-solid-state batteries, furthering their commitment to Canada’s EV future after investing $15 billion to establish Ontario’s first comprehensive EV supply chain. Read more: https://bit.ly/4eY389c #FUSE #FUSEF #EV #BatteryTech #CriticalMinerals #Cobalt #Lithium
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Stellantis has partnered with Zeta Energy to produce lithium-sulfur batteries for EVs that will be half the price of the lithium-ion batteries commonly seen in EVs today.
Stellantis Developing Lithium-Sulfur Electric Vehicle Batteries for Half the Cost
ratchetandwrench.com
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MG is set to introduce a fully-electric model with a solid-state battery as early as Q2 2025! This places MG ahead of mainstream competitors like Volkswagen in the race for mass production of solid-state batteries. 🌟 While specifics are yet to be revealed, MG’s solid-state battery is expected to share similarities with the ‘Lightyear’ battery from IM Motor, boasting an energy density of 368 W/kg and impressive range capabilities. 📈 SAIC, MG’s parent company, plans to leverage economies of scale to make these batteries up to 30% cheaper than current lithium-iron-phosphate (LFP) batteries, paving the way for more affordable electric cars. 💰 #MG #ElectricVehicles #SolidStateBattery #Innovation #Sustainability #Automotive #EV #GreenTech #FutureOfMobility
MG to launch solid-state battery EV by 2025
iccsino.com
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The global demand for batteries is expected to surge, quadrupling to 4,100 gigawatt-hours (GWh) by 2030, driven by the rapid rise in electric vehicle (EV) sales. To navigate this significant growth, original equipment manufacturers (OEMs) must refine their battery strategies, according to a new report by Bain & Company. NewsCredit Cars Advisor #car #ev #evbattery #carnews #carbattery
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🚗🔋 Accelerating the EV Transition: $1.7 Billion in U.S. Grants for Automakers U.S. Energy Secretary Jennifer Granholm announced that the Department of Energy is moving swiftly to finalize $1.7 billion in grants to help automakers like GM and Stellantis transition their facilities to electric vehicle (EV) production. This funding is a key part of the Biden administration’s strategy to position the U.S. as a leader in the global EV market. Despite political and labor challenges, including UAW tensions and opposition from Donald Trump, Granholm emphasized that the government is committed to the EV transition, ensuring Detroit leads the charge in this industry shift. GM and Stellantis are both set to receive significant funding to convert plants in Michigan, Illinois, and Indiana, reinforcing the future of U.S. EV manufacturing. #EVs #AutoIndustry #ElectricVehicles #BidenAdministration #Sustainability #Innovation #Manufacturing #GM #Stellantis #CleanEnergy
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#Ford has backed away from a $1.2B joint-venture #battery materials plant in Bécancour, Que., as it overhauls its #EV roadmap. The decision is likely closely linked to the cancellation of Ford's 3-row EV program earlier this year: "Without those volumes, it doesn’t make sense for Ford to commit to upstream production of cathodes," said Conrad Layson of AutoForecast Solutions LLC. https://lnkd.in/gAMpdeex
Ford backs away from $1.2B battery materials plant in Quebec amid EV growing pains
autonews.com
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🔋 The growing demand for copper in the electric vehicle era 🚗🔌 Although car manufacturers are reducing the amount of copper used in battery electric vehicles (BEVs) to improve efficiency and cut costs, the overall demand for this metal is set to rise significantly. 💡 Why? Copper remains essential in motors, batteries, and charging systems. Despite the reduction in copper per vehicle (up to 38 kg less by 2030), the increase in BEV production and the expansion of charging infrastructure will drive total demand. 📈 Copper demand from the electric vehicle sector is projected to grow by 177% by 2030, reaching 2.5 million tonnes annually. Copper continues to play a crucial role in the transition to a future of electric mobility. 🔑 What other materials or innovations could play a key role in this massive shift towards electrification? https://lnkd.in/etwhXZem #EnergyTransition #SustainableMobility #Copper #ElectricVehicles #Innovation #Energy
EV copper demand to grow despite efficiency-driven content reductions | Benchmark Source
source.benchmarkminerals.com
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General Motors is selling its stake in the nearly completed Ultium Cells battery cell plant in Lansing, Michigan to its joint venture partner LG Energy Solution. GM’s step back from the factory comes amid weakening electric vehicle demand and the potential rollback of Biden administration incentives to produce clean energy domestically. GM and LGES initially teamed up in 2019 to form a
GM offloads one of its battery factories to joint venture partner LGES
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