Ford to Scale Back Plans for $3.5 billion Michigan Battery Plant as EV Demand Disappoints
Ford Motor is scaling back plans for a $3.5 billion battery plant in Michigan as consumers shift to electric vehicles more slowly than expected, labor costs rise and the company moves to cut costs. Ford executives including CEO Jim Farley…
Rail-Served EV Battery Plant Coming to North Carolina
A subsidiary of Mumbai, India-based Epsilon Carbon Private Limited, EAM is slated to invest $649.9 million in the plant, which will be built at the Mid-Atlantic Rail Industrial Park in Brunswick County. It is expected to create 500 jobs with…
Indian Company That Makes EV Battery Materials To Build Its First US Plant In North Carolina
An Indian company that produces a key ingredient for long-range batteries in electric vehicles said Thursday it would build its first U.S. plant in southeastern North Carolina, creating hundreds of jobs. Executives at Epsilon Advanced Materials Inc. and Gov. Roy…
Ford Halts Work On $3.5b Ev Battery Factory With China’s Catl
Ford confirmed Monday it has immediately stopped work at a $3.5 billion factory in Michigan that was supposed to make cheaper lithium iron phosphate batteries using tech from China’s CATL. “We’re pausing work and limiting spending on construction on the Marshall project…
China’s Sunwoda Electronic To Build $275 Million EV Battery Factory In Hungary
China’s Sunwoda Electronic (300207.SZ) plans to build a power battery factory in Hungary for electric vehicles, with initial investment of up to 1.96 billion yuan ($274.71 million), as Chinese battery makers expand in the European market. The money will be used for…
Tata Chooses UK For New EV Battery Plant
India’s Tata has chosen to build an electric vehicle battery plant in southwest England, Bloomberg reported on Tuesday, a win that would bolster the country’s automotive industry against stiff global competition. Tata has chosen a site in Somerset to supply…
$1 Billion Factory In India, Sodium-Ion Batteries In China
Tesla announced it plans to construct a manufacturing plant in India which will produce a car that sells for under $25,000. And why not? India is the largest country in the world by population and has the fourth largest new car market….
Tata Group Signs $1.6 Billion EV Battery Plant Deal in Gujarat
India’s Tata Group, a leading multinational conglomerate, has entered into an outline deal to construct a lithium-ion cell factory in Gujarat, India. With an investment of approximately 130 billion rupees ($1.58 billion), the plant aims to bolster the country’s electric vehicle (EV)…
Tata To Build ₹ 13,000 Crore EV Battery Plant In Gujarat
Salt-to-software conglomerate Tata Group signed an agreement with the Gujarat government to set up a giga-factory for manufacturing lithium-ion cells, with an estimated initial investment of around ₹ 13,000 crore. Tata Agaratas Energy Storage Solutions Pvt., a subsidiary of Tata Group, signed…
Chinese EV Battery Maker Gotion Mulls Factory In Morocco
Morocco‘s government and China-based battery maker Gotion High Tech have agreed to look into setting up an electric vehicle battery plant in the kingdom with up to USD 6.3 billion in eventual investment, Morocco’s investment agency said. The agency, AMDIE, gave no…
