Press Releases

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01 December 2023

Michigan bet billions on EV jobs. But delays, layoffs may diminish returns

General Motors continues to build its Ultium Cells battery plant near Lansing as the automotive industry confronts slower-than-expected electric vehicle sales and high capital costs to build them. As it cuts costs, GM is pausing construction at its Orion Township Assembly factory, which was paired with the Ultium factory for over $600 million in state economic development incentives.

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22 November 2023

Imminent’ US vehicle credit guidance to be modeled on CHIPS rules – experts

Long-awaited guidance from the US Treasury Department that could prevent automakers from buying materials from China will likely resemble regulations aimed at protecting the US semiconductor industry, industry experts told S&P Global Commodity Insights.

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06 November 2023

An EV slowdown? Battery makers are cool with that.

ENERGYWIRE | The news that big auto companies like General Motors and Ford Motor are slowing their electric vehicle rollouts has one group a bit relieved: battery-makers.

This nascent U.S. industry has received $58 billion of investment in the year since the Inflation Reduction Act became law, according to Jay Turner, a professor at Wellesley College in Massachusetts who maintains an EV-investment database. That’s far more than any other part of the EV ecosystem. People in the industry say they could use a break from this red-hot streak to catch their breath.

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