Samsung SDI to supply cylinder batteries to General Motors

Stellantis and Samsung SDI marked a milestone today in the construction of their joint venture electric-vehicle battery manufacturing facility in Kokomo, Indiana, with the raising of the first piece of steel that will form the structure of the new gigafactory. The two companies announced the formation of the joint venture in May 2022, committing to invest more than $2.5 billion (€2.3 billion) and create 1,400 new...

23 March 2023

Magna announced that it has secured new business from General Motors (GM) to supply battery enclosures for the all-new 2024 Chevrolet Silverado EV. The company will produce the enclosures at its Magna Electric Vehicle Structures facility in St. Clair, Michigan, where it already produces the battery enclosure for the GMC HUMMER EV Pickup and the GMC HUMMER EV SUV. Magna recently announced significant investment plans...

14 February 2023

2024 Cadillac LYRIQ for the North America market has been unveiled. It will arrive with RWD and AWD systems. Up to now, the AWD variant was available in China only and was introduced there in December 2022. The power and torque for MY2024 remain the same. The AWD variant delivers a total system power of 365 kW / 500 hp and a total system torque of 610 Nm / 450 ft-lbs. The RWD variant delivers 255 kW / 340 hp of...

8 February 2023

According to SNE Reasearch, the global battery usage for 2022 has been 518GWh - a 517.9% growth YoY. For this year, the research agency expects 749 GWh of batteries to be deployed in EVs, PHEVs, and HEVs. Being a South Korean company, SNE Research pays special attention to the three local companies that are major players in the EV battery market - Samsung SDI, SK On, and LG Energy Solution. Their production is...

8 February 2023

General Motors and Lithium Americas announced they will jointly invest to develop the Thacker Pass mine in Nevada, which is the largest known source of lithium in the United States and the third largest in the world. Under the agreement, GM will make a $650 million equity investment in Lithium Americas, which represents the largest-ever investment by an automaker to produce battery raw materials. Lithium Americas...

31 January 2023

According to Digitimes Research reported by Digitimes Asia, the global sales of electric vehicles have reached 9.78 million units in 2022. The projected growth for this year is 49% to 14 million units sold globally. Of those, 9 million are expected to be sold in China only. Even now, China's share of the global EV sales is higher than 60%. For comparison, Europe sales account for 24% of the total sales, and USA...

11 January 2023

South Korean news outlet The Elec reports that Samsung SDI readies to build a third factory in Hungary that will produce batteries for the EV models of BMW. It is expected that the third plant will be near the other two already existing - near Goed. The Elec reports that the land on which the site will be built has already been purchased and that Samsung SDI is most likely to start construction in the first half of...

11 January 2023

General Motors today shared its progress toward its global vision of zero crashes, zero emissions and zero congestion at GM China Tech Day 2022 in Shanghai. It announced the plan to roll out more than 15 Ultium-based models in China by 2025, and reinforced its commitment to making electric vehicles more connected and intelligent. Its portfolio ranges from the Cruise Origin AV and BrightDrop commercial vehicles, to...

23 November 2022

General Motors successfully scales EV production capacity in North America to more than 1 million units per year. Hence, it predicts that its complete portfolio of BEVs will be "solidly profitable in 2025." As to achieve its goals, the brand aims at achieving 20% of all EV sales in the USA in 2025. This goal will be achieved via multiple entries in pickup, SUV and luxury segments that represent about 70% of EV...

18 November 2022

Vale Canada and General Motors signed a term sheet for the long-term supply of battery-grade nickel sulfate from Vale's proposed plant at Bécancour, Québec, Canada. This agreement secures for GM a supply of nickel sulfate from a U.S. free-trade partner to support its fast-growing EV production needs in North America. Vale and GM have also agreed to study collaborative ways to partner on advanced technology...

18 November 2022

General Motors announced the introduction of Ultium Home and Ultium Commercial, which in combination with the existing Ultium Charge 360, create a holistic ecosystem of energy management products and services that will be housed under a new business unit called GM Energy. GM Energy's connected product and service offerings are designed to offer cohesive energy management for home, commercial and EV customers, with...

12 October 2022

General Motors will invest $760 million at its Toledo, Ohio propulsion manufacturing operations to prepare the facility for production of drive units that will be used in future Ultium-based battery electric trucks, including the Chevrolet Silverado EV, GMC Sierra EV and GMC HUMMER EVs. Toledo Propulsion Systems will be GM’s first U.S. powertrain or propulsion-related manufacturing facility transformed for...

28 September 2022

General Motors and Environmental Defense Fund today announced a set of recommendations that seek to accelerate a zero-emissions, all-electric future for passenger vehicles in the model year 2027 and beyond. The recommendations were jointly developed by GM and EDF to support the next tier of EPA clean car standards. GM and EDF encourage EPA to establish standards aimed at ensuring that at least 50% of new vehicles...

22 September 2022

Lithion Recycling and General Motors today announced that GM Ventures, the automaker's investment arm, has made a strategic investment in Lithion's Series A financing round, supporting a new GM-Lithion strategic partnership agreement to pursue a circular battery ecosystem using Lithion's advanced battery recycling technology. With a recovery rate of over 95% and using Québec's green energy, Lithion's technology and...

22 September 2022