Tesla (TSLA.O) shares closed 4% higher on Friday after General Motors (GM.N) joined Ford (F.N) in agreeing to use its electric-vehicle charging network, a big win that analysts said could make Tesla Superchargers an industry standard in the United States. The rare partnership among three of the biggest U.S. automakers ensures that more than 60% […]
GM to invest more than $1 billion in two Flint, Michigan, plants – EQ Mag
General Motors plans to invest more than USD 1 billion in two Flint, Michigan manufacturing plants for the production of the next-generation internal combustion engine heavy-duty trucks. Gerald Johnson, executive vice president, Global Manufacturing and Sustainability, said Monday that the company will build internal combustion vehicles throughout this decade, in addition to making electric vehicles. […]
Ford’s EV charging deal with Tesla puts pressure on GM, other rival automakers – EQ Mag
A surprise deal between Ford Motor and Tesla on electric vehicle charging technology and infrastructure could put new pressure on other automakers’ EV strategies. Ford CEO Jim Farley and Tesla CEO Elon Musk announced the deal Thursday during a live audio discussion on Twitter Spaces. RBC Capital analyst Tom Narayan said the Ford-Tesla deal could […]
GM, Ford, Google partner to promote ‘virtual’ power plants – EQ Mag
A group of heavy hitters, including Ford, General Motors, Google Nest, OhmConnect, Olivine, SPAN, SunPower, Sunrun, SwitchDin, and Virtual Peaker, has formed a coalition that aims to scale up the market for virtual power plants in a bid to increase the resiliency of the grid and help decarbonize the electric sector. Virtual power plants, or […]
GM CEO Barra says electric vehicles to be profitable by 2025 – EQ Mag
NEW YORK, NY : General Motors expects its portfolio of electric vehicles to turn a profit in North America by 2025. That will come as it boosts battery and assembly plant capacity to build over 1 million EVs per year. CEO Mary Barra used the pledge to kick off the company’s investor day event Thursday […]
GM signs agreements with suppliers, on course to reach one million EV capacity by 2025 – EQ Mag Pro
General Motors had signed multi-year agreements with LG Chemical and Livent to secure key raw materials used in manufacturing batteries for electric vehicles. US-based automotive manufacturing company, General Motors had signed multi-year agreements with LG Chem, a Korean chemical company, and Livent, a lithium technology company to secure key raw materials used in manufacturing batteries […]
Energy Department to loan GM, LG $2.5B to build EV battery cell plants – EQ Mag Pro
The Energy Department’s Advanced Technology Vehicles Manufacturing Program (ATVMP) hasn’t offered a loan to an electric car maker since 2010, but it’s ready to offer money once again. As Reuters reports, the Energy Department is providing a $2.5 billion loan to the GM and LG joint venture Ultium Cells for the sake of constructing EV […]
GM, travel operator Pilot to develop EV charging network – EQ Mag Pro
The companies will develop 2,000 EV charging stalls at travel centres General Motors Co and travel operator Pilot said Thursday they will develop a national network of 2,000 electric vehicle charging stalls at travel centres to make it easier to recharge near highways. The companies said the stations will be co-branded “Pilot Flying J” and […]
How GM, Ford and Tesla are tackling the national EV charging challenge – EQ Mag Pro
There are over two million electric vehicles in the U.S., and roughly 55,000 EV charging stations. The U.S. may need to increase the supply of EV charging by as much as 20 times, to over 1 million public and 28 million private chargers. Ford already has the largest charging infrastructure, GM is planning to leverage […]
GM plans six-fold increase in 2022 electric truck, SUV production – EQ Mag Pro
DETROIT : General Motors Co (GM.N) plans to increase production of electric trucks and Cadillac sport utility vehicles this year by more than six times the previously planned output, according to information shared with suppliers. GM Chief Executive Mary Barra told investors last week the automaker intended to accelerate production of electric vehicles, aiming to […]
