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Tag Archives: Ultium batteries
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
EV Battery Gold Rush – GM, POSCO Chemical JV Expansion
The new plant will produce cathode active material (CAM) for GM’s Ultium batteries, which will power electric vehicles such as the Chevrolet Silverado EV, GMC HUMMER EV and Cadillac LYRIQ. AutoInformed readers might remember that the companies previously announced plans to form a CAM processing joint venture in December 2021, majority owned by POSCO Chemical. Continue reading
GM Claims Wireless Battery Management for Future EVs
It is hoped that wBMS, will get GM’s Ultium-powered EVs to market faster because time won’t be needed to develop specific communications systems or redesign complex wiring designs for each new vehicle. It has already sped the creation of more automotive engineering/marketing jargon powered by acronyms. The wireless battery monitoring system will be standard on all planned GM vehicles powered by Ultium batteries. Continue reading
Lordstown and Lithium. A New GM Constellation is Rising
Back in March GM revealed a third-generation global EV platform powered by proprietary “Ultium” batteries. GM claimed it will allow the company to compete for almost every customer in the market today, whether they are looking for affordable transportation, a luxury experience, work trucks or a high-performance machine. A space that is largely occupied by Tesla, which caught all global automakers napping. Covid 19 has complicated launch plans across the industry and timing on such projects is unstable. Continue reading
GM Expanding Ultium CAM EV Battery Joint Venture
General Motors (NYSE: GM) and POSCO Future M announced today the second phase of their Ultium CAM joint venture, an investment forecast to exceed $1 billion to increase production capacity of Cathode Active Material (CAM) for EV batteries. While CEO Mary Barra admits that GM was slow to embrace EVs, GM is now clearly among the leaders in what is the future of automobility. Today’s announcement is the latest in a series of actions GM has taken to build a more secure EV supply chain. Continue reading →