Batteries
A state of Michigan board overseeing economic development deals has approved the transfer of incentives for a $2.5 billion electric vehicle battery plant in Lansing after General Motors Co. exited the project.
Hyundai Motor Group is spending $6 billion on a U.S.-based steel mill as part of a larger $21 billion investment to expand production capacity, localize its supply chain and strengthen partnerships with key innovation companies.
Even using the dirtiest power grids, life cycle emissions savings for the average EV in Canada was 70-77 per cent compared with ICEVs, depending on the vehicle segment.
SK On will supply Nissan with nearly 100 gigawatt-hours of batteries from 2028 to 2033. That’s enough volume to power up to 1.25 million electric vehicles, according to AutoForecast Solutions.
The plant is expected to mainly supply the growing roster of Chinese EV manufacturers operating in Thailand.
BYD says its Super e-Platform can charge 400 kilometers in just five minutes, making it faster than a Tesla or Mercedes that need double the time to achieve fewer kilometers.
Honda will procure batteries for its hybrid vehicles from Toyota's North America’s $13.9 billion complex coming online in Liberty, N.C., Nikkei reported.
Volkswagen Group CEO Oliver Blume says construction on the PowerCo plant in St. Thomas is on schedule, but the company will have to "face up" to the outcome on tariffs.
Automakers have pledged more than $40 billion (CND) in electric-vehicle investment in Canada since 2020. That includes everything from battery factories to assembly to battery materials plants.
The decision ends Europe's best current hope of developing a rival to major Asian EV battery players such as CATL and BYD.
