GM reaches deal with LG to pay for Bolt battery recall costs

This April 5, 2021 file picture reveals the brand of LG Electronics Inc. exterior of the corporate’s workplace constructing in Seoul, South Korea. LG Electronics has reached a take care of Common Motors to pay as a lot as $2 billion to reimburse the automaker for the price of recalling Chevrolet Bolt electrical autos as […]

Battery Pack Prices Have Dropped By 87% Since 2008

The Division of Power’s Car Applied sciences Workplace estimates that the value of EV batteries has dropped significantly during the last 13 years. Inside EVs crunched the numbers of a number of research and printed papers, and the figures are stunning. In line with the DOE, the value of an EV lithium-ion battery pack has […]

GM building giant battery development lab in Detroit suburb

This Jan. 27, 2020 file picture reveals a Common Motors emblem on the Common Motors Detroit-Hamtramck Meeting plant in Hamtramck, Mich. Common Motors says it is constructing an enormous new electrical car battery lab in Michigan. There scientists will work on chemistry to chop prices 60% over present automobiles and permit individuals to journey 500 […]

Mercedes-Benz joins European EV battery joint venture

This Jan. 19, 2021 file picture reveals the Stellantis signal outdoors the Chrysler Expertise Heart in Auburn Hills, Mich. Luxurious automaker Mercedes-Benz is teaming up with Stellantis and TotalEnergies in a European electrical automobile battery three way partnership, Automotive Cells Co. The companions in Automotive Cells plan to extend the corporate’s industrial capability to no […]