Ford Downsizes Plan for Michigan Battery Factory, Citing Slower EV Demand
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Ford scaling back plans for Michigan EV battery plant
Ford announced Tuesday it would resume construction on an elective vehicle (EV) plant in Michigan that was postponed by the United Auto Worker (UAW) strikes, but will scale back its plans. “While we remain bullish on our long-term strategy for ...Nov. 21, 2023 - thehill.com - Just In News | The Hill -
Ford Resumes Work on E.V. Battery Plant in Michigan, at Reduced Scale
A battery plant in Michigan will be smaller than planned, Ford said, citing slower E.V. demand than expected, as well as labor costs.Nov. 21, 2023 - nytimes.com - NYT > Business -
Ford is moving forward on construction of a battery plant in Michigan but at a reduced size from original plans, citing a pullback in the outlook for future electric-vehicle demand.
Ford is moving forward on construction of a battery plant in Michigan but at a reduced size from original plans, citing a pullback in the outlook for future electric-vehicle demand.Nov. 22, 2023 - online.wsj.com - WSJ.com: World News -
Ford to scale back plans for $3.5 billion Michigan battery plant as EV demand disappoints, labor costs rise
Ford is scaling back production capacity and expected employment at the battery plant in Michigan.Nov. 21, 2023 - cnbc.com - US Top News and Analysis -
Ford to resume building EV battery plant delayed by strike, but scale it back
Ford Motor Co. is resuming construction on a Michigan electric vehicle battery plant that the company postponed two months ago during a strike by the United Auto Workers unionNov. 21, 2023 - abcnews.go.com - ABC News: Top Stories -
EV Battery Plant Rides Bumpy Road in This Michigan Town
Ford pauses and then scales back proposed facility backed by government funding and set to employ hundreds.Dec. 2, 2023 - online.wsj.com - WSJ.com: World News -
Vestas says plans for UK wind turbine factory depend on demand
Danish group has looked at British locations but warns more government support is neededNov. 8, 2023 - ft.com - World - United Kingdom -
GM's Cruise Draws Plans to Resume a Downsized Robotaxi Service
General Motors’ Cruise driverless-car unit plans to focus on a single city and shelve plans for a GM-built shuttle, new president says.Nov. 22, 2023 - online.wsj.com - WSJ.com: World News -
Robot Dogs and AI: Is This the Future of EV Factories?
At Hyundai’s electric-vehicle plant in Singapore, robotic arms assemble cars in specialized cells while robot dogs monitor the procedure. It’s a new method of automaking taking place in smaller, more flexible “microfactories.”1 hr ago - online.wsj.com - WSJ.com: World News -
Why Smaller EV Batteries Could Be the Next Big Thing
Lucid Group CEO Peter Rawlinson sees an alternative to bigger batteries and longer range22 hr ago - online.wsj.com - WSJ.com: World News -
The Hunt for EV Battery Minerals Expands to Ocean Floor and Space
As electric-vehicle adoption rises across the globe, the race to find new deposits of critical minerals like lithium and nickel is driving miners to explore the deepest mines, the ocean floor and even space. WSJ’s George Downs explores the new ...Dec. 6, 2023 - online.wsj.com - WSJ.com: World News -
Millions of EV Batteries Could Retire to Solar Farms
A Southern California company is showing how repurposing EV batteries for solar storage can extend their usefulness for several years.Nov. 25, 2023 - wired.com - Wired -
Nissan to Ramp Up EV, Battery Business in U.K. With Over $2 Billion Investment
Nissan Motor is expanding its electric vehicles and battery manufacturing capacity in the U.K. as the carmaker pushes to have an all-electric lineup in Europe.Nov. 24, 2023 - online.wsj.com - WSJ.com: World News -
Nissan to Ramp Up EV, Battery Business in U.K. With Over $3 Billion Investment
Nissan Motor is expanding its electric vehicles and battery manufacturing capacity in the U.K. as the carmaker pushes to have an all-electric lineup in Europe.Nov. 24, 2023 - online.wsj.com - WSJ.com: US Business -
South Korean EV battery makers lay off workers and scale back investments in US
LG Energy Solution and SK On slowing their expansion in response to sluggish demandNov. 23, 2023 - ft.com - UK homepage - South Korea -
Tech start-ups race to make EV battery recycling sustainable
Industry anticipates surge in disposals as first batch of electric vehicles nears end of 10-year life cycleNov. 12, 2023 - ft.com - UK homepage -
JetBlue’s stock jumps premarket after airline raises guidance, citing ‘healthy’ travel demand
JetBlue is guiding for narrower-than-expected losses in the fourth quarter and full year after strong demand for holiday travel.23 hr ago - marketwatch.com - MarketWatch.com - Top Stories -
Exxon to begin producing lithium to feed surging battery demand
Oil producer has acquired rights to 120,000 acres of land in Arkansas as part of big strategic pivotNov. 13, 2023 - ft.com - UK homepage -
Exxon Makes Lithium Play in Long-Term Bet on EV Demand
The oil company aims to become a major U.S. supplier of the mineral for electric-vehicle batteries makers by 2030.Nov. 13, 2023 - online.wsj.com - WSJ.com: US Business -
Exxon Makes Lithium Play in Long-Term Bet on EV Demand
The oil company aims to become a major U.S. supplier of the mineral for electric-vehicle batteries makers by 2030.Nov. 13, 2023 - online.wsj.com - WSJ.com: World News -
Carmakers step up EV discounts in bid to stem global demand slowdown
Sharp deceleration in sales growth as mainstream buyers’ appetite proves weaker than expectedNov. 13, 2023 - ft.com - UK homepage -
EV Batteries Have a Dirty Secret. This Company Has a Plan to Clean Them Up
European manufacturer Northvolt has plans to distribute a low-carbon, sustainable battery-manufacturing process across the world.Nov. 8, 2023 - wired.com - Wired -
NIO’s stock rises on report of plans to spin out battery unit
Chinese electric-vehicle maker's executives may seek outside capital to set up an independent battery company.Dec. 6, 2023 - marketwatch.com - MarketWatch.com - Top Stories -
Polestar cuts its guidance as it retools its business plan for lower EV sales, higher profits
Polestar said it is targeting a gross profit margin in the high teens, and deliveries of 155,000 to 165,000 vehicles, in 2025.Nov. 8, 2023 - cnbc.com - US Top News and Analysis -
India plans to triple underground coal mining to meet energy demand
Ministry official argues production is more ‘eco-friendly’ even as pressure rises to phase down polluting fossil fuelNov. 26, 2023 - ft.com - World - India