On Thursday, General Motors and LG Chem announced that they will split ownership of a battery-production joint venture. Demand for batteries is set to rise dramatically over the next decade as automakers increase electric-vehicle production. GM may have opted for a joint venture over merely continuing to buy batteries from […]
Hello and Happy Friday! It’s finally December, which means a busy holiday travel season overlapping with potentially nasty weather. Add to that mix a shortened holiday season for all of your online shopping to arrive, and it’s the transportation team’s Super Bowl! If this is your first time reading Shifting […]
General Motors and LG Chem are forming a joint venture to invest $US2.3 billion into a new battery factory that will be located in Ohio. The partnership will be a 50-50 undertaking, and is anticipated to create 1,100 new jobs. The plan is to build the factory near Lordstown, OH, […]
Faraday Future is gearing up to make its mark...