Stellantis is negotiating a third electric vehicle battery plant to come online in 2026, reports Stellantis CEO Mark Stewart.
Building more parts in-house rather than purchasing them from other suppliers makes financial sense and retains jobs, said CEO Jim Farley.
Automakers will spend nearly $1.2 trillion through 2030 to develop and produce millions of electric vehicles, EV batteries and raw materials.
The facility will further Ford CEO Jim Farley’s goal to build 2 million EVs annually by the end of 2026.
The price of lithium carbonate, a key EV battery component, has tripled over past year as demand spikes.
General Motors and Honda Motor Co. announced plans to develop a line of affordable electric vehicles (EVs) with a focus on compact crossovers.
The suburban Detroit site will be among the first large-scale graphite processing plants in the U.S. and the first domestic plant for Graphex.
Mile for mile, it’s cheaper to recharge an electric vehicle (EV) than it is to refuel one with an internal-combustion engine.
BMW reports 2022 margins will be lower because of the Russia-Ukraine conflict.
U.S. faces tough choices in 2022 on mines for electric-vehicle metals.
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