Latest Automobile parts manufacturing News

$40M Tennessee incentive for battery cathode plant approved

Nov. 28, 2022 17:06 PM EST

NASHVILLE, Tenn. (AP) — A Tennessee panel on Monday approved a $40 million state economic incentive for a company that plans to invest $3.2 billion to develop a cathode materials plant for electric vehicle batteries. The State Funding Board cast the vote to sign off on the...

Hyundai announces new Georgia plant's $1B parts supplier

Nov. 24, 2022 10:59 AM EST

RICHMOND HILL, Ga. (AP) — South Korean automaker Hyundai has announced a second large supplier for its new electric car plant on the Georgia coast. Hyundai Mobis plans to invest nearly $1 billion in a new facility in Bryan County that could employ around 1,500 workers, Georgia Gov....

LG Chem to build $3.2B battery cathode plant in Tennessee

Nov. 21, 2022 19:20 PM EST

CLARKSVILLE, Tenn. (AP) — Tennessee officials on Monday announced plans to invest $3.2 billion to develop a cathode materials plant for electric vehicle batteries. The manufacturing facility will be built in Clarksville and create more than 850 jobs, according to a memorandum of...

GM CEO Barra says electric vehicles to be profitable by 2025

Nov. 17, 2022 19:41 PM EST

General Motors says it expects its portfolio of electric vehicles to turn a profit in North America by 2025 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 in...

Energy Department awards $74M for battery recycling, reuse

Nov. 16, 2022 13:54 PM EST

WASHINGTON (AP) — The Energy Department on Wednesday awarded nearly $74 million from the bipartisan infrastructure law for 10 projects to advance recycling and reuse of batteries for electric vehicles and other purposes. The funding will go to academic and commercial applicants in...

Consumer Reports survey: Hybrids are most reliable vehicles

Nov. 15, 2022 12:08 PM EST

DETROIT (AP) — Gas-electric hybrids were the most dependable vehicles sold in the U.S. in the past year, while big pickup trucks and fully electric automobiles performed the worst in Consumer Reports' annual reliability survey. Hybrids generally are tried-and-true designs with few...

Electric air taxi company Archer plans $118M Georgia factory

Nov. 14, 2022 19:13 PM EST

ATLANTA (AP) — A California company seeking to build small electric aircraft says it will invest $118 million to construct a plant near Atlanta, eventually hiring up to 1,000 people. Archer Aviation, based in Santa Clara, California, said Monday that it would seek to build its...

Norwegian battery firm plans $2.6 billion plant in Georgia

Nov. 11, 2022 18:11 PM EST

ATLANTA (AP) — A Norwegian company will build a giant electric battery factory just southwest of Atlanta, company and state officials announced Friday, investing up to $2.6 billion over multiple phases. Freyr Battery said it would build an initial plant that would produce batteries...

German business leaders warn against pulling out of China

Nov. 10, 2022 03:05 AM EST

BERLIN (AP) — A group of top German business executives is warning against withdrawing from China, while acknowledging that it's right for Germany to redefine its relationship with Beijing. The intervention by eight chief executives in an article Thursday for the daily Frankfurter...

Carmaker SEAT to build Spain’s 1st electric battery plant

Nov. 09, 2022 08:23 AM EST

BARCELONA, Spain (AP) — Spanish carmaker SEAT said Wednesday that it plans to build Spain’s first electric car battery plant as part of a 10-billion-euro investment in the country's electric car initiative. The Spanish government said last year that it would convert the...