Electric Mobility
Reuters
Oct 29, 2022, 10:20 AM
ACC, a joint venture of Stellantis, Mercedes Benz and TotalEnergies, has a plan worth over 7 billion euros ($6.9 billion) to build three gigafactories in France, Germany and Italy with a capacity of 40-gigawatt hours (GWh) each by 2030.
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Reuters | Oct 29, 2022Honda To Build JV U.S. Battery Plant, Retool Ohio PlantsHonda and LG are initially committing to investing $3.5 billion and creating 2,200 jobs but said the overall investment is projected to reach $4.4 billion.2 mins read
Reuters | Oct 29, 2022PepsiCo Confirms Tesla Semi Truck Deliveries To Start In DecemberPepsiCo said in a statement that the trucks would be used at its Frito-Lay plant in Modesto, California, and its PepsiCo beverages factory in Sacramento. PepsiCo has been aiming to reduce fuel costs and emissions, and reserved 100 of the trucks in 2017.2 mins read
Reuters | Oct 29, 2022Slovakia's InoBat Eyes Electric Car Battery Plant In SpainThe declaration is not a finalised agreement and other locations, including the United Kingdom, remain under consideration for its Western European gigafactory, the company added in a statement, explaining that it plans to make a decision on the location before the end of the year.1 min read
Reuters | Oct 29, 2022BMW Invests $1.7 Billion To Build Electric Vehicles In U.SBMW said it was making a new $1 billion investment in its Spartanburg, South Carolina plant to prepare for EV production and will spend $700 million on a new high-voltage battery assembly facility in nearby Woodruff, South Carolina, and create at least 300 jobs.2 mins read
Reuters | Oct 29, 2022Hyundai Breaks Ground On $5.5 Billion U.S. EV, Battery PlantHyundai broke ground on a $5.54 billion electric vehicle (EV) and battery plant in the United States, as South Korea's biggest automaker grapples with an uncertain outlook for its EV sales in its top market.2 mins read
Reuters | Oct 29, 2022ABB Reports Record Margin In Q3 As Demand Stays StrongThe maker of industrial drives and electric ship motors said on Thursday its core operating profit margin increased by 1.5 percentage points to 16.6%, the highest since the Swiss company was founded in 1988.2 mins read
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Reuters | Oct 29, 2022India's Euler Motors Raises $60 Million In GIC Singapore-Led Funding RoundEuler Motors did not disclose the valuation at which it raised the money in the Series C round, although it said its other investors included Blume Ventures, Athera Venture Partners, QRG Holdings, ADB Ventures and Moglix.1 min read
