Ford EVs qualify for US tax credit – at least partially
Future Ford customers in the US can rejoice: The US American carmaker says that all three of its EVs as well as its PHEVs there qualify for the US Inflation Reduction Act tax credit.
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Ultium Cells receives $2.5 bn in DoE funding
Ultium Cells, the General Motors joint venture with LG Energy Solutions (LGES), has received $2.5 billion through the US Department of Energy (DoE). Ultium Cells is reportedly working to set up at least three battery cell factories in the USA.
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Honda ramps up US battery production and electric car plants
Honda has announced two major investments in the US state of Ohio. 700 million US dollars will flow into the conversion of three existing car and powertrain plants for the production of electric cars. Another 3.5 billion US dollars will be invested in the joint venture with LG Energy Solution (LGES) for the construction of […]
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Vulcan Energy buys geothermal plant to power lithium extraction
The Australian-German lithium startup Vulcan Energy Resources has acquired a geothermal power plant in Germany for €31.5Mn ($35.7Mn). Vulcan wants to upgrade the 4.8 MW Insheim plant previously owned by local utility Pfalzwerke to set up a new test facility for low-carbon lithium production.
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