The U.S. Department of Energy confirmed Monday morning a $2.5 billion federal loan to Ultium Cells LLC, for financing the construction of plants to supply many millions of future GM electric vehicles. The loan will fund the construction of joint-venture GM and LG Energy Solution battery plants in Ohio, Tennessee, and Michigan, and the confirmation... $2.5B DOE loan backs GM’s Ultium EV plan
The U.S. Department of Energy confirmed Monday morning a $2.5 billion federal loan to Ultium Cells LLC, for financing the construction of plants to supply many millions of future GM electric vehicles. The loan will fund the construction of joint-venture GM and LG Energy Solution battery plants in Ohio, Tennessee, and Michigan, and the confirmation... 
The production base is expected to complete its first production line with a capacity of 6 GWh by March 2024 and all 36 GWh lines by the end of 2025.
Hyundai and Kia EVs may soon get new silicon-carbide power modules aimed at boosting range. Semiconductor firm STMicroelectronics (ST) said last week in a press release that it has been chosen by Hyundai to supply its silicon-carbide power modules for EVs based on the automaker's E-GMP platform, which underpins the Hyundai Ioniq 5, Kia EV6, and... 
Zeekr has confidentially filed for a US IPO aimed at raising more than $1 billion, Reuters reported.
Enovate will form a joint venture with Saudi Arabia's Sumou Holding to build a production and R&D base in Saudi Arabia with an annual capacity of about 100,000 NEVs.
Guiyang becomes the third city to see EVOGO's battery swap service available, after Xiamen and Hefei.