General Motors Secures 100% Energy Needed to Achieve RE Goal Updated On Fri, Oct 28th, 2022 by Saurenergy Auto giant General Motors has announced the finalization of energy sourcing agreements required to secure 100% of the energy needed to power all its US facilities by 2025. This is in line with the accelerated target which is five years ahead of the 2030 target announced in early 2021. Through this, GM expects to avoid […] Read more
GM And LG Joint Venture To Get $2.5 Billion Federal Loan For US Battery Plant Updated On Wed, Jul 27th, 2022 by Saurenergy Ultium Cells – the new joint venture by General Motors and LG Energy Solutions is expected to give a fillip to lithium ion battery cell production in America after the US Department Of Energy (DOE) has announced granting it a loan of $2.5 billion. The DOE has said that is in the process of reviving […] Read more
GE Signs Deal With Arafura, Eyes Rare Earths For EV & Wind Turbines Updated On Thu, Jul 14th, 2022 by Saurenergy Arafura Resources Limited and GE Renewable Energy have signed an MoU to forget a partnership in the set up of a sustainable supply chain for Neodymium-Praseodymium (NdPr) central to energy transition. The parties are looking at negotiating a long-term sales agreement for GE to purchase NdPr from Arafura’s Nolans Project in central Australia. The agreement […] Read more
BYD Overtakes Tesla on EV Leaderboard To Become World’s Biggest EV Producer Updated On Wed, Jul 6th, 2022 by Saurenergy China’s BYD has seized Tesla’s crown as the world’s biggest EV producer. This comes as a consequence of the number of sales reflected in the first six months of 2022, as per July 5 filing by the company. The Shenzhen-based carmaker sold about 641,000 new energy vehicles (NEVs), including electric vehicles and hybrids, in the […] Read more
LG Secures $6.1 Bn Worth Orders For EV Parts In H1 2022 Updated On Wed, Jul 6th, 2022 by Saurenergy South Korean company LG Electronics has revealed securing $6.1 billion worth of new orders for electric vehicle (EV) parts and solutions. This figure is from the first half of 2022 and signifies that the company’s new growth engine is making headways. The fresh orders are believed to be for invehicle infotainment system and its telematics […] Read more
Under Pressure Honda Signs JV With Sony To Sell EVs By 2025 Updated On Mon, Jun 20th, 2022 by Saurenergy Japanese Consumer durable, Sony has signed an agreement with automobile major Honda Motor on June 16 to equally own a joint venture that will start selling electric cars in 2025. Both the companies will invest 5 billion yen ($37.52 million) each in the JV, first announced in March this year and named Sony Honda Mobility. […] Read more
US Automakers Want Congress To End Tax Credit Cap On Electric Vehicles Updated On Wed, Jun 15th, 2022 by Saurenergy The American electric vehicle manufacturers are devising means that could help the faster adoption of electric vehicles and seamless growth of the EV sector in the USA at a time when the European and Chinese electric vehicle markets are booming. In a fresh development, Chief Executive Officers of General Motors, Ford Motor, Stellantis and Toyota […] Read more
Honda, GM Come Together to Roll Out Affordable EVs from 2027 Updated On Wed, Apr 6th, 2022 by Saurenergy Global auto giants Honda Motor and General Motors have announced that they will collaborate to develop affordably priced electric vehicles and enable global production of millions of EVs starting in 2027, including compact crossover vehicles by leveraging technology, design and sourcing strategies of the two companies. The idea is to find economies of scale and lower […] Read more
The World’s Top 5 Automakers and their EV plans Updated On Mon, Feb 28th, 2022 by Saurenergy The global automotive market is pushing for electric mobility at record rates. In a world there are literally hundreds of start-up automotive firms promoting electric mobility solutions, the electric plans of the world’s top 5 automakers deserve special focus. The automobile, since its inception in 1885 by German engineer Carl Benz, has certainly taken the […] Read more
