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EV batteries
12/08/2023
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By Laura Harris
Ford Motor Company scales down EV investments at Michigan plant due to declining demand and inflation pressures
The Ford Motor Company is scaling back its investment in electric vehicles (EVs) by reducing the production capacity of its battery factory in Marshall, Michigan and cutting 800 jobs. According to Ford spokesperson Mark Truby, the company initially planned to invest $3.5 billion in the factory, known as Blue Oval Battery Park, to produce 35 gigawatt […]
11/30/2023
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By Belle Carter
Ford resumes Michigan EV battery plant but reduces production capacity by 40%, drops about 800 jobs
Due to plummeting sales amid President Joe Biden’s flopping economy and push to green energy, Ford Motor Company announced that it would resume its “Marshall Project” – the planned electric vehicle (EV) battery plant in Michigan. However, the renowned U.S. automaker confirmed that it will drastically scale down the manufacturing scope by more than 40 percent and […]
11/08/2023
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By Laura Harris
EVs on the verge of becoming UNINSURABLE due to HIGH COST of battery repairs
Electric vehicles (EVs) in the U.K. are on the verge of becoming uninsurable because of the high cost associated with fixing their batteries. Jonathan Hewett, CEO of the motor insurer-funded automotive research firm Thatcham Research, issued this warning. According to him, the lack of “insight and understanding” about the cost of repairing damaged EV batteries leads […]
11/01/2023
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By Olivia Cook
Automakers are abandoning plans to mass-produce EVs: People are finally seeing reality, says Toyota chairman
Major automotive companies are currently scrambling to respond to a shift in demand for battery-powered vehicles – leaving these auto giants wondering if they pushed electric vehicles (EVs) too early. In recent months, automaker giants Ford Motor Company and Toyota Motor Corporation have been issuing warnings about a sudden slowdown in consumer demand for EVs. […]
05/24/2023
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By Ethan Huff
House Republicans say NO to Biden’s electric vehicle tyranny, call it an “ill-considered effort”
A Republican effort led by House Energy and Commerce Committee chair Cathy McMorris Rodgers (R-Wash.) aims to stop the Biden regime from forcing all Americans to convert to electric vehicles, or EVs, as part of its radical “green” agenda for the country. A majority of House Republicans signed on to a letter sent to the […]
04/07/2023
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By Kevin Hughes
Chinese lithium producers set floor price as demand for the metal drops
China’s top lithium firms agreed to set a floor price for the metal amid dwindling demand, six individuals confirmed. Ten companies – including Tianqi Lithium and Ganfeng Lithium – that met on the sidelines of a conference in the city of Nanchang in Jiangxi province agreed on the lowest minimum price of 250,000 Chinese yuan […]
03/08/2023
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By Cassie B.
Cobalt market notes highest supply jump on record as Indonesia becomes biggest global source outside of Africa
The cobalt market experienced its biggest supply jump on record last year as Indonesia became the world’s top source of the in-demand battery metal outside of Africa. Booming production in Indonesia and the Democratic Republic of Congo drove the supply of mined cobalt up by 23 percent in 2022 to reach 187,060 tons. This more […]
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