Clean Energy Program Races to Finish Work Before Trump Takes Over
The Energy Department’s $400 billion program to support electric vehicles, batteries and other low emissions technology is hustling to get money out the door.
G.M. Will Sell Stake in EV Battery Plant to LG
LG Energy Solution will now solely own a factory in Michigan that it had planned to operate through a joint venture with General Motors.
Biden admin loans Stellantis and Samsung $7B for Indiana battery factory
$7.5B loan would help scale up battery production in Indiana Aiming for 67 gigawatt-hours of annual capacity there DOE loan comes from same program that supported Tesla The Department of Energy on Monday said it is prepared to loan up to $7.5 billion to Stellantis and Samsung SDI for battery production in Indiana. The conditional loan commitment... Stellantis and Samsung Will Get $7 Billion to Build Battery Factories
The loan, from the Biden administration, was designed to withstand Republican attacks and will be used to make electric-car batteries in Indiana.
Replacing an EV battery may cost less than fixing a gas engine by 2030
The potential high cost of EV battery replacements is a major worry for new-car shoppers, but that likely won't be the case for long, according to battery-analysis firm Recurrent. Recurrent, which produces battery health reports for used EVs, predicts that plummeting new-battery prices will make replacing a battery pack cheaper than repairing a... EV Projects to Get $13 Billion in Federal Loans
The financing for a factory in Georgia is part of a last-minute effort to establish climate policies before President-elect Donald J. Trump takes office.
How Trump Could Upend Electric Car Sales
Fewer people will be able to afford electric cars and trucks if President-elect Donald J. Trump and Republicans in Congress eliminate a $7,500 federal tax credit.
Northvolt files for bankruptcy
Swedish battery firm Northvolt filed for U.S. Chapter 11 bankruptcy protection Thursday, with CEO Peter Carlsson stepping down the following day. Northvolt needs to raise between $1 billion and $1.2 billion to restore itself to full operations, Carlsson told Reuters and other media Friday. On Thursday, the company said it only had enough cash to... Honda’s ready to build prototype solid-state batteries for EVs
Honda on Thursday unveiled what it calls a demonstration production line for solid-state batteries, which the automaker aims to commercialize later this decade. Located in Sakura City, in Japan's Tochigi Prefecture, the 295,000-square-foot facility is intended to establish the process for eventual mass production, as well as determine costs and... Northvolt, Europe’s Hope for a Battery Champion, Files for Bankruptcy
The company’s woes are symptomatic of a wider malaise among companies that make batteries for electric vehicles.