Accelerating the Charge ⚡️

Category: Manufacturing (Page 1 of 2)

GM is considering investing more than US$4 billion in two Michigan plants to boost its EV production capacity

David Shepardson and Paul Lienert / Reuters »

GM has proposed building a $2.5 billion battery plant near Lansing with partner LG Energy Solution, the documents show.

The largest U.S. automaker is separately considering a $2 billion overhaul of its Orion Township assembly plant north of Detroit to build next-generation electric vehicles. The total investments could top $4 billion, a source familiar with the plan told Reuters.

Documents posted by the city of Lansing show GM is considering building a battery cell manufacturing plant in nearby Delta Township that could employ 1,700 people by 2028. The Lansing City Council is expected to consider the proposal on Monday.

Elsewhere » The Detroit Bureau

Volkswagen boosts EV investment by 17 Billion Euro

Financial Post 🔒»

Volkswagen will invest an additional €17bn in the development of electric vehicles and build more battery models at its high-cost German plants, as the carmaker seeks to mollify unions following public clashes with management.

The total spend on the electric transition will rise from €35bn to €52bn, the largest such investment by any traditional manufacturer. VW will also make its flagship battery model, the ID.3, at its home plant in Wolfsburg.

The announcements by VW’s supervisory board came after weeks of open warfare between chief executive Herbert Diess, who has long sought to slash the company’s cost base, and VW’s powerful works council, which represents most of the group’s 290,000 employees in Germany.

In a fraught meeting between workers and management last month, union leaders warned Diess that “a coach who no longer has access to the team loses on the pitch” after he had suggested that VW needed to shed 30,000 jobs.

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Chinese-owned Volvo Cars and Northvolt AB will set up a research facility in Gothenburg with aim to build EV batteries in Europe

Bloomberg »

The companies said Friday they’ll set up a research facility in Gothenburg, Sweden next year that will sustain “a few hundred” jobs. They’ll decide on a specific location for their battery factory in the region early 2022.

Volvo Cars has gained more than a third since its October trading debut in Stockholm as investors bought into the company’s turnaround and promise of an electric future. The carmaker owned by China’s Zhejiang Geely Holding Group Co. plans to sell only fully electric vehicles by the end of this decade — up from 4% of shipments in the three months trough September.

Elsewhere » Automotive News Europe / Reuters

Toyota to build a electric vehicle battery factory in North Carolina

Andrew J. Hawkins / The Verge »

Toyota will build a $1.29 billion battery factory in North Carolina in an effort to bring some of its electric vehicle supply chain to the US. The news comes on the heels of Toyota’s announcement that it will invest around $13.6 billion in battery tech over the next decade, including a $9 billion investment in production, as it attempts to electrify its vehicle lineup.

Toyota plans on spreading the $1.29 billion for the new factory over the next decade, but production at the facility is scheduled to begin in 2025, said Chris Reynolds, chief administrative officer for Toyota Motor North America. In the first year, Toyota plans on producing 1.2 million battery packs for its upcoming lineup of electric vehicles, Reynolds said.

“This investment, which I believe is so far the largest private capital investment in North Carolina history… will create at least 1,750 new jobs and help us develop and localize automotive battery production,” Reynolds said during a press conference, “which will pave the way for battery electric vehicles built here in the United States of America.”

Elsewhere » SeekingAlpha / Wall Street Journal / Green Car Reports / Reuters

U.S. automakers want to develop a reliable domestic battery supply

Yale Climate Connections »

Like the chips, most battery cells are made abroad. But as U.S. automakers go electric, they want to develop a reliable domestic supply.

“We’re very focused on bringing the supply chain here, but bringing it here in a sustainable way, and also at a competitive cost,” says Michael Maten, a senior strategist for EV and energy policy at General Motors.

GM intends to make all its new cars emissions-free by 2035. To support that goal, the company plans to build four battery cell factories in the U.S.

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The worldwide scramble for EV battery metals is just beginning

Stephen Wilmot / Wall Street Journal 🔒 »

Electric vehicles highlight the problematic opportunity for miners. Although a Tesla or Porsche Taycan doesn’t have a tailpipe and usually generates much less carbon than a traditional car over a multiyear lifespan, its big lithium-ion battery requires more metal than an internal combustion engine. Consulting firm Rystad Energy expects annual lithium demand from EVs and energy storage to rise by a factor of more than 20 times by 2030 compared with last year’s level.

Lithium-ion batteries also contain cobalt, nickel, copper and aluminum. And this isn’t just about batteries: Solar panels, wind turbines, charging stations and the grid infrastructure to tie them together will all need masses of metal. There is talk of a new “supercycle,” with specialist stocks such as lithium miner Albemarle pricing in astronomical growth.

The scramble for new mining prospects is likely just getting started. Canada is a particularly appealing destination. In addition to ample resources, it offers proximity to the big U.S. market, favorable geopolitics and good environmental, social and governance credentials. These matter more than ever because today’s supplies of battery metals come with huge ESG and geopolitical challenges that are tough to reconcile with the environmental problem they are supposed to solve, not to mention Washington’s goal of lessening U.S. dependence on China.

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Nissan plans to build 20-megawatt solar farm in the UK, big enough to build every Nissan Leaf sold in Europe

Nissan already has a solar farm and wind turbines next to its Sunderland plant

Reuters »

Nissan said construction will begin immediately and be completed by May 2022. The new solar farm will double the amount of renewable electricity generated at Nissan’s Sunderland plant to 20% of its needs.

In July, Nissan said it would spend 1 billion pounds ($1.33 billion) with its Chinese partner Envision AESC to build a battery plant that will power 100,000 vehicles a year, including a new crossover model.

Earlier this week, Nissan said it will spend 2 trillion yen ($17.64 billion) over five years to accelerate vehicle electrification to catch up with competitors in one of the fastest growth areas for car makers.

Elsewhere » BBC

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