GM selling its stake in Michigan battery factory to LG

Rendering of planned General Motors Ultium Cells Lansing battery plantGeneral Motors and LG Energy Solution dropped two noteworthy pieces of news Monday. In separate announcements, GM said it planned to sell its stake in a Michigan joint-venture battery factory to LG, while the companies also agreed to a continued technical partnership for development of prismatic cells. Pending closure of the transaction, which is...

Biden admin loans Stellantis and Samsung $7B for Indiana battery factory

2024 Dodge Charger Daytona$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...

Porsche Macan Electric recalled because its headlights are too bright

2024 Porsche Macan (electric)Porsche is recalling 2,941 electric Macans because their headlights are too bright, which can reduce visibility for oncoming drivers and increase the risk of a crash. The recall includes 2024 and 2025 Porsche Macan Electric models manufactured between Mar. 15, 2024, and Nov. 04, 2024. Headlight-control software in the affected vehicles was...