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Stellantis, Samsung SDI announce $2.5bn battery JV in US, to open gigafactory by 2025
The partnership follows the OEM’s plans with LG Energy solutions in Canada, and continues a trend of automakers forming JVs to share investment and secure battery cell supply.
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Polestar invests in StoreDot’s fast charging battery technology
This will be Polestar’s first financial investment in another company, and it will become a shareholder in Israel-based StoreDot
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VW’s Frank Blome appointed CEO of automaker’s new battery company
By producing its own battery cells, VW aims to capture more of the value in EV production.
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Volkswagen starts EV production at second German plant
After first turning its Zwickau plant into an EV-only factory, the carmaker has invested €1 billion at Emden for its gradual conversion towards EV production.
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Mercedes-Benz-funded battery start-up Sila to supply longer range battery for G-Class
Mercedes-Benz invested in Washington state-based Sila in 2019.
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Europe’s biggest EV battery recycling plant starts work
JV partners Northvolt and aluminum and energy company Hydro have started operations at a new EV battery recycling facility in Norway
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REE Automotive takes next step with commercial production capabilities
The company adopts a cloud-based robotic manufacturing approach for its planned network of Integration Centres
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Century-old BMW Munich factory transforms to embrace EVs
Revamp of Plant Munich puts BMW’s flexibility ethos to the test with building construction and car production happening side-by-side
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VW and Seat announces €10 billion EV investment to electrify Spain
Volkswagen AG and Spanish OEM SEAT S.A will be investing €10 billion ($10.6 billion) into a huge electrification strategy in Spain, supporting the localisation of electric vehicle and battery output.
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Lotus opens new sports car manufacturing facility at Hethel
The Chapman Production Centre is already building the Emira, the last petrol-powered car from Lotus and is latest stage of £100m redevelopment of the company’s UK facilities
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Honda starts production the of Acura Integra at its Marysville plant
With the start of mass production of the next-generation 2023 sport compact, associates at Honda’s Marysville Auto Plant (MAP) become the first to build the Integra model in the US
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An exclusive focus on flexibility as OEMs look to modular-based manufacturing
Modular production in automotive manufacturing is rapidly becoming more innovative and flexible with the ability to multitask. As a result, OEMs are increasingly rethinking their methods and working closely with technology providers to make flexible manufacturing hegemonic.
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UKBIC and Fraunhofer FFB sign memorandum of understanding
The MoU is a first step in assessing the potential for the two international groups to co-operate and work more closely together
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Stellantis investment secures future for Canadian production plants
Stellantis has announced a $3.6 billion CAD ($2.8 billion USD) investment at its Windsor and Brampton plants to accelerate its electrification plans
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Faraday Future announces more suppliers for FF 91 EV production
Faraday Future’s FF 91 EV will come equipped with Brembo brakes and a Meta System on-board power management module when it launches later this year
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Novares opens a new production plant in Mexico
Automotive plastics supplier, Novares has invested $1.75m a new site for manufacturing car components at Santa Ana, Sonora, Mexico
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Inside AMTE’s new partnership with Sprint Power and Eltrium to expand next-generation battery development
AMTE Power has partnered with Sprint Power and Eltrium to advance the development of next-generation battery technologies with integrated battery pack and module strategies to meet rising demand for electric vehicle production.
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LG Magna e-Powertrain breaks ground for new facility in Mexico
New manufacturing plant will create an estimated 400 new jobs and produce electric powertrain components for General Motors from 2023
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Toyota invests $383m in US production plants
As part of its shift to vehicle electrification, Toyota will invest $383m in four of its US powertrain manufacturing plants
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Volvo Cars Tech Fund invests in StoreDot
Volvo Car’s venture capital arm, Tech Fund, is investing in StoreDot, an Israeli company developing extreme-fast charging battery technology for electric cars