Gotion, backed by Volkswagen China as the largest shareholder, has just settled its new plant in Michigan last year. The company announced in October 2022 that it will invest $2.36 billion to set up a plant and create 2,350 local jobs in Big Rapids, Michigan. The facility is expected to...
Chinese battery maker CATL and US automaker Ford Motor Co. are considering building a battery manufacturing plant in Michigan in a complex arrangement designed to reap new tax benefits without running afoul of US-China political sensitivities, reported Bloomberg on December 15.The two companies are w...
Chinese battery maker CATL and US automaker Ford Motor Co. are considering building a battery manufacturing plant in Michigan in a complex arrangement designed to reap new tax benefits without running afoul of US-China political sensitivities, reported Bloomberg on December 15. The two companies are ...
Chinese EV battery CATL announced recently it would collaborate with US automaker Ford on a new $3.5 billion battery plant for electric vehicles in Michigan, despite ongoing tensions between the US and China. According to the agreement, CATL will provide Ford’s battery factory in Michigan with p...
EV battery plants by providing huge incentives and US automakers are finding these state incentives more attractive than federal subsidies. Ford's benefits from Michigan, including subsidies and tax cuts, are estimated at US$1.7 billion, which is about half of the company's LFP battery plant ...
Gotion, backed by Volkswagen China as the largest shareholder, has just settled its new plant in Michigan last year. The company announced in October 2022 that it will invest $2.36 billion to set up a plant and create 2,350 local jobs in Big Rapids, Michigan. The facility is expected to...
Chinese battery and material recycler GEM will build a battery precursor plant in South Korea By Kate Yuan (JW Insights) Mar 27 -- Green Eco-Manufacture (GEM 格林美), China’s leading battery and material recycler, signed an MoU with South Korea's SK On and EcoPro to establish a precursor...
There is also hope that relations with China may be improving, at least in a small way, after the Biden administration approved the construction of a Chinese battery plantin Michigan. Chinese EVs Rock Down to Electric Avenue WhileGeneral Motors(NYSE:GM) andFord Motor(NYSE:F) are focusing their...
SVOLT also plans to build a plant in Saarland. Besides, SVOLT is in talks with several European car makers about battery cell supply agreements, the Bloomberg report said. Asian companies dominate battery-making in Europe. Data shows some 44% of planned battery capacity in Europe by...
China’s battery titan CATL, the world’s biggest maker of EV batteries, is mulling a third factory in Europe, Matthias Zentgraf, the company’s president in the region, told Bloomberg on September 23.“We are thinking about this, but currently there is no clear decision or activity,” ...