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The joint venture between General Motors (NYSE) and LG Energy Solution will change the Spring Hill, Tennessee battery cell manufacturing operation to scale production of low-cost lithium iron phosphate battery cells(LFP), building on a $2.3 billion investment announced in 2021.* Conversion of battery cell lines at Spring Hill to produce LFP cells will begin later this year, with commercial production forecast by late 2027. The Spring Hill facility currently employs ~1300 people.**
“At GM, we’re innovating battery technology to deliver the best mix of range, performance, and affordability to our EV customers,” said Kurt Kelty, VP of batteries, propulsion, and sustainability at GM. “This upgrade at Spring Hill will enable us to scale production of lower-cost LFP cell technologies in the U.S., complementing our high-nickel and future lithium manganese rich solutions and further diversifying our growing EV portfolio.” Continue reading
China – BMW Group Links with Momenta for ADAS
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BMW Group (Bayerische Motoren Werke AG ADR BMWYY) said today that it is expanding its footprint in China with a new partnership focused exclusively on the Chinese market. In collaboration with Momenta, a leading Chinese ADAS [Advanced Driver Assistance Systems – AutoCrat] technology provider, BMW will co-develop advanced driver assistance solutions specifically for the BMW product portfolio offered in China, starting with Neue Klasse.*
“This collaboration of partners sharing the same mindset, will enable us to offer our customers in China a unique automated driving experience. We are combining 20+ years of pioneering safety with locally trained driving knowledge and state of the art Chinese AI technology,“ said Dr. Mihiar Ayoubi, Senior Vice President, Driving Experience, BMW Group. Continue reading →