General Motors Co on Wednesday boosted its spending on electric and autonomous vehicles, pulled ahead plans for two U.S. battery plants and forecast stronger-than-expected second-quarter profits. The No. 1 U.S. automaker said it will now spend $35 billion through 2025 on EVs, an increase of 75% from March 2020 before the COVID-19 pandemic shut down […]
New Ford Venture to Build 2 Electric Vehicle Battery Plants
DETROIT: Ford is forming a joint venture that will build two North American factories to make batteries for roughly 600,000 electric vehicles per year by the middle of this decade. The deal with battery maker SK Innovation of Korea, announced Thursday, sets up a potential confrontation between the companies and the United Auto Workers, which […]
Two lithium battery plants to come up in Karnataka
Two lithium battery manufacturing plants will be started in the State with the objective of promoting e-vehicles and reducing air pollution, said Deputy Chief Minister C.N. Ashwath Narayan here on Saturday. He launched an e-vehicle rally, organised by the Rotary Club, at the Vidhana Soudha and said two units would be established in the Hubballi […]
