General Motors could add different battery chemistries and form factors that move beyond its plans with LG Energy Solution as the automaker launches a line of affordable electric vehicles, analysts said. GM has announced three U.S. battery plants with LG Energy Solution under its joint venture, Ultium Cells. The companies have said for months that they
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JB Straubel sits down with CNBC’s Phil LeBeau at Redwood Materials. Redwood Materials has attained a $2 billion loan commitment from the Department of Energy, the agency announced on Thursday via its loan programs office. The battery-recycling startup will use the funding to build and expand its battery recycling facility outside of Reno, Nevada. The
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Wind turbines usually consist of one turbine with a set of blades, but Norway’s Wind Catching Systems thinks its floating multi-turbine offshore wind technology will make clean energy more efficiently. Floating multi-turbine offshore wind The 320-meter-tall (1,050-foot-high) unit – that’s just 33 feet shorter than the Eiffel Tower – is made up of a matrix
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Renault Group is in discussions with Volvo Trucks to collaborate on the French carmaker’s new FlexEVan electric van project that will help it compete with Stellantis in Europe, according to people familiar with the matter. Talks with Volvo Trucks, which is the parent company of Renault Trucks and is the world’s second-biggest truckmaker, are continuing and
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In this article NFLX STLA-IT GM Follow your favorite stocksCREATE FREE ACCOUNT General Motors and Netflix partnered for a 60-second ad starring actor and comedian Will Ferrell driving GM electric vehicles in popular Netflix shows and movies to promote the streaming service using more EVs in its productions. Screenshot Automakers — historically among the largest
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SEOUL — South Korea’s anti-trust regulator said it will impose a combined fine of 42.3 billion won ($33.48 million) on Mercedes-Benz, BMW, Volkswagen and Audi for colluding to rig emissions of its diesel cars using software. The four were involved in collusion that reduced competition and restricted consumer choice, the Korea Fair Trade Commission (KFTC)
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Ram‘s first electric pickup officially has a name. The truck, slated to enter production in 2024, will be known as the 1500 REV. Ram CEO Mike Koval, who was scheduled make the announcement Thursday during the Chicago Auto Show, said the name will be easy to market and “helps with the showroom distinction between the
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Redwood Materials said on Thursday it has received a conditional commitment for a $2 billion loan from the U.S. Energy Department to help build out a $3.5-billion recycling and re-manufacturing complex in Nevada for electric vehicle battery materials. Energy Secretary Jennifer Granholm said that, if finalized, the loan will help the project create critical materials
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