Category: EV Battery Supply

Stellantis Stops Construction on Windsor, Ont, EV Battery Plant Amid Fed Dispute

May 15, 2023
Canadaelectric vehicleEV Battery SupplyOntarioWorld
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One of the world’s largest automakers said Monday it has stopped construction on a $5-billion electric vehicle battery plant in Windsor, Ont., saying the federal government has not delivered on what was promised. Stellantis, which makes Chrysler, Ram and Fiat cars among others, and South Korean battery-maker LG Energy Solution announced the plant last year…

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Canada’s EV Battery Contract With Volkswagen Could Be Worth More Than $13 Billion

April 20, 2023
CanadaEV Battery SupplyVolkswagenWorld
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German auto giant Volkswagen has secured an exclusive contract with Canada that could be worth more than $13 billion over the next 10 years to build an electric-vehicle battery plant in southwestern Ontario. Volkswagen announced last month it had chosen the city of St. Thomas, Ont., to build its first overseas gigafactory. The plant, which…

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Europe to Ban Sale of New Gasoline Cars From 2035

March 29, 2023
Business & Marketsclimate change agendaeconomic policieselectric vehicle (EV)energyEuropeEV adoptionEV Battery Supplygasoline carsTechWorld
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People residing in member nations of the European Union will no longer be able to buy new cars that run on petrol or diesel, according to a rule adopted by the European Council on Tuesday. “The council today adopted a regulation setting stricter CO2 emission performance standards for new cars and vans,” said the official…

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Toyota Motor to Invest $5.3 Billion in Japan, US for EV Battery Supply

September 2, 2022
Business & MarketsCompaniesEV Battery SupplyinvestTechTech NewsToyota Motor
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Toyota Motor Corp. said on Wednesday it would invest up to 730 billion yen ($5.27 billion) in Japan and the United States to make batteries for fully electric vehicles. When the additional facilities come on line between 2024 and 2026, Toyota’s battery production capacity in the two countries will have increased by 40 gigawatt-hours, the…

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