FRANKFORT, Ky.—Toyota will invest another $2.1 billion in an electric and hybrid vehicle battery factory that’s under construction near Greensboro, North Carolina. The plant will supply batteries to Toyota’s huge complex in Georgetown, Kentucky, which will build Toyota’s first U.S.-made electric vehicle, a new SUV with three rows of seats. The plans, announced Wednesday, won’t…
Toyota to Invest $2.1 Billion More in North Carolina Battery Plant, Will Build Big SUV at Factory in Kentucky
June 1, 2023
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Patrick Mahomes’s Brother Jackson Charged With Sexual Battery
OVERLAND PARK, Kan.—Jackson Mahomes, the brother of Kansas City Chiefs quarterback Patrick Mahomes, was briefly jailed Wednesday on aggravated sexual battery charges over an alleged altercation at a Kansas restaurant in late February. Jackson Mahomes, 22, was charged Tuesday in Johnson County, Kansas, with three counts of aggravated sexual battery and one count of battery….
IN-DEPTH: Job Creation, Budget Accounting Questioned in Massive Subsidies Given to VW
News Analysis One of Ottawa’s biggest selling points for its record subsidy to Volkswagen—which could top $13 billion—is the potential creation of tens of thousands of jobs. But leading public policy expert Jack Mintz is highly skeptical and also questions how the feds project to cover the cost of the new gigafactory in under five…
Hyundai Motor Bolsters US Presence With $5 Billion EV Battery Venture
April 25, 2023
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SEOUL0—South Korea’s Hyundai Motor Co. said on Tuesday it had finalized a $5 billion electric vehicle (EV) battery joint venture in the United States, boosting electrification efforts in its largest market. Hyundai also reported its first-quarter net profit had more than doubled, exceeding expectations. Its shares rose as much as 5 percent to a seven-month…
GM Partners With Samsung for a $1 Billion Electric Vehicle Battery Factory
General Motors Co. and Samsung SDI announced plans on Tuesday to build a $3 billion joint-venture electrical vehicle (EV) battery plant in the United States. The news comes as South Korean president Yoon Suk Yeol is in Washington to meet President Joe Biden on what is the first state visit to the United States by…
Tesla to Build Shanghai Factory to Make Megapack Batteries
SHANGHAI—Tesla Inc. is opening a factory in Shanghai, capable of producing ten thousand Megapack energy product per year, to supplement output of Megapack factory in California, the company said in a tweet on Sunday. The news was first reported by the Chinese state media outlet Xinhua. Elon Musk’s automaker will break ground on the plant…
Police: Wizards’ Bradley Beal Faces Possible Battery Charge
ORLANDO, Fla.—Washington Wizards shooting guard Bradley Beal is facing a possible misdemeanor charge in central Florida after a fan accused the NBA All-Star of hitting him during an argument after a game against the Orlando Magic. Probable cause exists to charge Beal with simple battery for the March 21 confrontation, an Orlando police case report…
The US Inflation Reduction Act of 2022 Boosts EV Demand and Supply-Chain Manufacturing
President Joe Biden’s 2022 Inflation Reduction Act (IRA) is igniting a growing demand for new and used electric vehicles (EVs). It also incentivizes manufacturers across the entire EV supply chain with credits when they build new or retool existing facilities for EV manufacturing inside the United States. Taiwan’s Foxconn, the global leader in smart manufacturing,…
Insurers Scrapping Low-Mileage EVs Because of Battery Non-Repairability
Industry experts are warning electric vehicle (EV) makers like Tesla to produce battery packs that are more easily repairable and to provide third-party access to battery cell data, or risk already-high insurance premiums surging further and effectively wiping out the incentives of going electric. EVs have been regularly touted among Americans by the Biden administration amid the president’s…
Volkswagen to Invest in Mines in Bid to Become Global Battery Supplier
BERLIN—Volkswagen plans to invest in mines to bring down the cost of battery cells, meet half of its own demand and sell to third-party customers, the carmaker’s board member in charge of technology said. Its strategy aligns with a wider trend of carmakers seeking greater control over parts of the supply chain traditionally left to…
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