Tech

Toyota sets aside $3.4 billion for American electric vehicle batteries

Enlarge / Toyota’s current lineup of electrified vehicles will be joined by a battery electric crossover in 2022. (credit: Toyota) In 2025, Toyota will open a new North American battery manufacturing plant as part of the automaker’s electrification strategy. The company made the announcement on Monday morning, stating that it will spend $3.4 billion (¥ […]

Tech

Stellantis will open a 40 GWh/year battery plant in the US in 2024

Enlarge / In 2024, Ram will offer a battery-electric Ram 1500 pickup truck, with battery packs of up to 200 kWh. (credit: Stellantis) On Monday morning, the car conglomerate Stellantis and LG Energy Solution announced a new joint venture that will produce lithium ion battery cells destined for electric vehicles in North America. The factory—to […]

Tech

Volkswagen Group wants six new European battery by 2030

Enlarge / Thomas Schmall, Member of the Board of Management of Volkswagen Group for Technology, and CEO of Volkswagen Group Components. (credit: Volkswagen AG) Volkswagen Group is planning six new European lithium-ion battery factories with a total yearly output of 240 GWh once they’re all operational in 2030. It made the announcement on Monday at […]