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Automotive: Page 53

Tesla Interested in Building a Car Factory in India

The factory will reportedly be able to produce 500,000 electric vehicles annually that have a starting price of Rs 20 lakh (about $24,360).

Indianapolis, Indiana. March 2022. Photo: iStock.com/jetcityimage

Toyota Claims It Can Halve the Size, Cost and Weight of EV Batteries

Toyota thinks it will be able to produce solid-state batteries for electric vehicles as early as 2027, according to the Financial Times.

Longueuil, Canada. June 2013. Photo: iStock.com/KMoFoto

GM, Toyota U.S. Sales Jump in Sign of Auto Industry Strength

GM sales rose almost 19% during the second quarter of 2023 while Toyota claimed its sales grew by 7.1% during the quarter.

Glendale, California. February 2023. Photo by Mario Tama/Getty Images/Bloomberg

Foxconn Investing $250M to Build Two Factories in Vietnam

A planned $200 million factory will reportedly be finished by January 2025 while construction on a different $46 million plant will be completed by October 2024.

Shanghai, China. February 2022. Photo: iStock.com/Robert Way

Panasonic Executive Says the Company Needs More Battery Plants

Panasonic “will need to build" about four more factories to achieve a sharp boost in its battery capacity, according to CTO Shoichiro Watanabe.

Mountain View, California. September 2020. Photo: iStock.com/Sundry Photography

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

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