Mercedes-Benz used CES 2023 to announce its first global charging network launching in North America. Construction on sites in the United States and Canada started […]
Tag: Billion
GM-Backed Ultium Cells LLC Gets $2.5 Billion Fed Loan For Three Battery Manufacturers
In October this year, President Biden launched the so-called American Battery Materials Initiative, which aims to make the United States a global leader in electric […]
GM Expects EVs To Be Highly Profitable With $50 Billion in Revenue By 2025
General Motors expects its EV lineup to generate more than $50 billion in annual revenue by 2025. This target includes building more than one million […]
Hyundai And SK Invest Up To $5 Billion In Battery Factory In Georgia
Hyundai and SK On will partner to build an EV battery factory in Bartow County, Georgia. Investment into the factory will be $4 billion to […]
Nissan Borrows $1.4 Billion To Make EV, Carbon Neutral Investment
Nissan is taking a big step into the future with significant investments in electrification and carbon neutral operations. However, to make it happen, the Japanese […]
Mazda Invests $10.6 Billion In EV, Wants Zero Deaths In Cars By 2040
Mazda President and CEO Akira Marumoto spoke at length Tuesday about the company’s future, acknowledging the shift towards electrification. This is something all major automakers […]