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Automotive: Page 55

Element 25 Agrees to Supply GM with Manganese Sulfate
GM will loan E25 $85 million to partially fund the construction of a new battery-grade manganese sulfate processing facility located in Louisiana.
Photo: iStock / JHVEPhoto
U.S. Merchandise-Trade Deficit Shrinks on Decline in Imports
The shortfall in goods trade narrowed by 6.1% to $91.1 billion, according to Commerce Department data released on June 28.
Long Beach, California. June 2023. Photo: Eric Thayer/Bloomberg
China's CATL in Talks to Build EV Battery Recycling Sites in Europe
The company is also seeking partners to set up recycling sites in North America, said chief manufacturing officer Ni Jun June 28.
Fujian Province, China. June 2020. Photo: Bloomberg
Ford Battery Plants on Track to Receive $9.2bn Federal Loan
The money will be awarded via the Advanced Technology Vehicles Manufacturing Loan Program to BlueOval SK, a new joint business venture established by Ford and SK On.
Photo: iStock.com/gopixa
The Benefits of Data-Driven 3D Printing for the Supply Chain
Data-driven 3D printing provides a significant boost to the efficiency and productivity of the supply chain, helping manufacturers respond more quickly and effectively to disruptions.
Photo: iStock.com/Phuchit
Hyundai Raises 2030 Electric-Vehicle Sales Goal to 2M
Hyundai also plans to spend about $85 billion to boost production and make progress in areas such as hydrogen cars, EV batteries and software for future mobility.
Photo: Bloomberg
Italy Blocks Sinochem from Extending Its Control of Tire Maker Pirelli
Sinochem is Pirelli's biggest shareholder with a 37% stake in the company and control of 60% of the seats on the organization's board.
Moscow, Russia. February 2022. Photo: iStock.com/Roman Vyshnikov
German Carmakers Warn of Tough EU Talks on Post-Brexit EV Trade
The German automotive industry said it won’t be ready to meet 2024's new production thresholds because Europe’s battery supply chain is still ramping up, according to the VDA lobby.
Photo: Bloomberg
VW, Glencore Back $1bn SPAC Mine Deal to Secure EV Metals
According to a June 12 statement, London-listed ACG Acquisition Co. is buying the assets from the private equity firm Appian Capital Advisory.
Vale N4W. Parauapebas, Para state, Brazil. May 2023. Photo: Dado Galdieri/Bloomberg
GM Investing Over $630mn in Fort Wayne Assembly Plant
Since 2013, GM has invested over $31 billion in U.S. manufacturing and parts distribution including $2 billion in the Fort Wayne Assembly plant.
Detroit, Michigan. 2014. Photo: iStock.com/wesellenterprises
Saudi Arabia Signs $5.6bn EV Manufacturing Deal with Chinese Company
The memorandum of understanding accounted for more than half of the $10 billion of investments signed by the Kingdom and China during the Arab-China Business Conference.
Flags of China and Saudi Arabia. Photo: iStock.com/Mo Semsem
In the Race to Electrification, the Humble Bus Is in the Lead
By 2032, about half of the world’s buses will be entirely battery-powered as will almost three out of four buses sold, according to BloombergNEF’s seventh annual Electric Vehicle Outlook.
Bogota, Colombia. April 2023. Photo: Bloomberg
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