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Category Archives: manufacturing
Michigan Opens New EV Jobs Academy Website
The EV Jobs Academy is devised to provide Michiganders with tuition assistance and supportive services, including “earn while you learn” opportunities through a Registered Apprenticeship, to support and streamline “on-ramps to high-wage, in-demand careers. ” With more than 100 partners including employers, industry stakeholders and education institutions, the EV Jobs Academy is driving the state’s advanced mobility talent development for the future. It’s the latest example of a growing progressive awakening to make America great again by creating high-paying jobs for blue collar workers. Continue reading
First CHIPS for America Funding Applications Now Open
Awards will take the form of direct funding, federal loans, and/or federal guarantees of third-party loans. Awards are designed to complement—not replace—private investment and other sources of funding, and applicants are strongly encouraged to bring capital to the table. CHIPS for America awards will be made as soon as applications can be rigorously evaluated and negotiated. The automobile industry, of course, has been hobbled by interruptions in its supply of offshore-produced chips or semi-conductors. Continue reading
Honda, LG Energy Solution Break Ground for New Battery Plant
The location of the joint venture between Honda and LGES was announced on 11 October 2022, and was formally established on 12 January 2023. The plant aims to start mass production of pouch-type lithium-ion batteries by the end of 2025, to be provided exclusively to Honda auto plants to produce EVs to be sold in North America. Continue reading
Stellantis to Convert Three Indiana Plants to EV Components
As a result more than 265 jobs will survive. Stellantis* said that its total investments in Indiana since 2020 to support electrification goals will increase to nearly $3.3 billion, including gigafactory joint venture with Samsung SDI. This is to support the goal of 50% battery electric sales in the U.S. by 2030. Continue reading
EVs – Stellantis Now Large Shareholder in McEwen Copper
Copper, of course, is a strategic raw material for the future of electric mobility. Estimates predict that global demand for the conductive metal will triple in the coming years. By making this investment in one of the top international projects in development of this commodity, Stellantis will be able to supply some of the projected copper demand starting in 2027, Stellantis claimed. Continue reading
CHIPS Act – a Vision for America’s Technological Leadership
US Secretary of Commerce Gina Raimondo today delivered a speech titled “The CHIPS Act and a Long-term Vision for America’s Technological Leadership” at Georgetown University’s School of Foreign Service. In her remarks, Raimondo outlined the opportunity provided by the CHIPS and Science Act and the long-term goals she has set for the program to solidify America’s technology and innovation leadership while protecting America’s economic and national security. Continue reading
BMW Manufacturing is Largest US Automotive Exporter
BMW Manufacturing led the nation in automotive exports by value, according to data released by the US Department of Commerce. The South Carolina plant exported 227,029 BMW Sports Activity Vehicles and Coupes during 2022 with an export value of ~$9.6 … Continue reading
GM St. Catharines Plant to Build Ultium EV Drive Units
With hundreds of good-paying jobs at stake, it’s unlikely such supporting agreements won’t be forthcoming in AutoInformed’s view. We would be more troubled by the fate of the Toronto Maple Leafs as the NHL trade deadline and the Stanley Cup approach. Continue reading
Michigan Chemistry – Ford to Spend $3.5B on LFP Battery Plant
Lithium iron phosphate batteries use fewer high-demand, high-cost materials such as critical minerals nickel and cobalt. Ford said they will power a variety of Ford’s next-generation of EV passenger vehicles and pickups, starting this year with Mustang Mach-E. A US LFP battery plant is now central to the so-called Ford+ plan because in theory it helps Ford more EV production quickly thereby making EVs more affordable for customers. Ford’s goal is an 8% EBIT margin for Model e by 2026. It is being pushed hard here by General Motors* and other global automakers as they compete in the capital markets. Continue reading
US Made Semiconductors – GM, GlobalFoundries Ink Deal
“I have long said that Upstate New York’s semiconductor corridor will be a major engine powering America’s technological future, and now ‘Made in New York’ chips will help jumpstart the next generation of vehicles for GM across the country,” said U.S. Senate Majority Leader Charles Schumer. Schumer of course we key in developing and passing the Biden Administration’s bi-partisan CHIPS and Science Act, which is bringing manufacturing back to US supply chains. Continue reading
US Trade Deficit Grows in 2022 as Economy Recovers
For 2022, the goods and services deficit increased $103.0 billion, or 12.2% from 2021. This is the largest deficit on record as the economy continued to recover as consumers and businesses purchased higher amounts of machinery, car components, industrial supplies, medicines among other things. Exports increased $453.1 billion or 17.7% . Imports increased $556.1 billion or 16.3%. Continue reading
GM Investing in Full-Size Truck and SUV Production
Significant amounts will be spent on updating full-size truck and SUV production. GM declined to release product details, timing, performance and other aspects related to GM’s next gen V8 engine. As with other automakers, vehicles with internal combustion engines (ICEs) will still play a role as GM converts to EVs. ICEs power GM’s most profitable vehicles. GM said its spending and plans for U.S. manufacturing sites totals more than $37 billion since 2013, including the Ultium Cells joint venture plants. Continue reading
Milestones – Honda Makes 30 Millionth US Vehicle
This was a significant move at the time since Honda was the first Japanese automaker to produce cars in the US. It arguably forced Toyota and Nissan and other offshore makers to follow. Since then, Honda has invested $16 billion in Honda US manufacturing facilities for auto and associated components for autos. During 2022, more than two-thirds of all Honda and Acura vehicles sold in America were made in the US. Continue reading
EV Battery Gold Rush Down Under – Stellantis and Element 25
The deal with Element 25 – similar to ongoing EV battery supply chain moves at other automakers – is key to Stellantis’ stated electrification strategy, which includes securing substantial supplies of raw materials for battery electric vehicle (BEV) production. Manganese is a stabilizing element in the cathode of EV batteries. Continue reading
Stellantis Sells Its Turkish Distribution Company
As a result, all Stellantis brands available for distribution in Türkiye – Alfa Romeo, Fiat, Citroën, DS Automobiles, Jeep®, Maserati, Opel and Peugeot – will be distributed by Tofaş.** The transaction, which will be subject to requisite regulatory approvals, including the approval of the relevant competition authorities, is expected to close in the second half of 2023. Continue reading →