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2022 was the year automakers figured out how to make electric cars really work

January 5th, 2023|0 Comments

As 2022 comes to a close, the auto industry is staring down macroeconomic challenges, unprecedented supply constraints, and a talent crisis — and its leaders are starting to lose faith in the electric-vehicle transition. But even with negative undertones, this year was pivotal for the industry's $515 billion push to leave the internal-combustion engine behind.

LG Chem to build $3.2b battery material plant in US

December 13th, 2022|0 Comments

South Korean battery material supplier LG Chem announced Tuesday plans to build a $3.2 billion facility to manufacture 120,000 metric tons of cathode materials used for electric vehicle batteries annually in Tennessee, the United States.