Month: August 2023

After years of public and private maneuvering, Illinois finally is close to reeling in a big electric vehicle battery manufacturer. A crucial step came Tuesday when, according to local officials, the Kankakee County Board approved a property tax abatement needed to lure a battery maker to a 160-acre site in Manteno, a village about 50
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BERLIN — Volkswagen Group has begun purchasing strategically important chips it believes will be in short supply globally directly from 10 manufacturers including NXP Semiconductors, Infineon Technologies and Renesas Electronics.. VW previously relied on its component suppliers to purchase chips. The automaker began striking direct deals with chipmakers last October to ensure its supply was
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Operations have been restored at Ultium Cells LLC’s battery plant in Warren, Ohio, after a chemical leak temporarily halted activity in the cathode mixing area, the company confirmed Wednesday. An Ultium spokesperson did not provide details on when cathode mixing operations resumed or whether an internal investigation of the leak is still underway. The company
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ESPN News Services Aug 23, 2023, 10:58 AM ET Former Indianapolis 500 winner Marcus Ericsson is leaving Chip Ganassi Racing to join Andretti Autosport in 2024, the team announced Wednesday. Ericsson, who won four races over four seasons with CGR, including the 2022 Indy 500, will join an Andretti lineup with returning drivers Colton Herta
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Kia America‘s Rio subcompact car will not return for the 2024 model year, the company confirmed. It follows the demise of its small Hyundai counterpart, the Accent, discontinued after the 2022 model year. Though Kia said it will remain in the sedan business, Americans are leaning toward larger, higher-riding crossovers. Light trucks, a category that
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Malaysia has set its sights on a larger part of the electric vehicle supply chain business as competition in Southeast Asia heats up, following Tesla‘s announcement of a regional headquarters in Malaysia. “EV happens to be our priority,” Malaysia’s Prime Minister Anwar Ibrahim told CNBC’s Martin Soong in an exclusive interview Friday at the prime minister’s offices
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Honda and its Acura premium brand are the latest to announce plans to adopt Tesla’s proprietary charging connector, known as NACS (North American Charging Standard), for their future electric vehicles sold in the U.S. The information was revealed by American Honda Motor Co. President and CEO Noriya Kaihara in an interview with Autoblog published last
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In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT Pallets of depleted lithium-ion batteries at JB Straubel’s Redwood Materials are ready for recycling. Source: CNBC Redwood Materials, the battery-recycling startup founded by Tesla board member JB Straubel, recently nabbed Tesla’s vice president of powertrain engineering, Colin Campbell, to serve as chief technology officer. Based
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Fast-growing Anderson Automotive Group completed its second multi-dealership acquisition in South Carolina this year with a seven-store purchase Monday. Anderson Automotive, of Raleigh, N.C., bought Toyota of Greer, Hyundai of Greer, Genesis of Greer, Nissan of Greer, Kia of Greer, Kia of Greenville and Mike Hovart Chevrolet in Easley, from Mark Escude, president of MCE
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