Page 72 - Energy Solution News Today

General Motors Reveals EV Investment Map For U.S. Apr 17, 2021 1m ago ++ General Motors invests billions in electric vehicles, EV plants and battery plants in the U.S. By the way of announcing the second Ultium Cells battery plant, General Motors has outlined its EV-related investments in the U.S. sites, which together are above $9 billion! By 2025, the company intends to invest a total of $27 billion (including $7 billion in 2021) in planned EV and ...

DETROIT (Reuters) -General Motors Co and South Korean joint-venture partner LG Energy Solution on Friday said they will build a second U.S. battery cell manufacturing plant, revealing plans for a $2.3 billion factory in Spring Hill, Tennessee. The planned 2.8 million-square-foot plant, scheduled to open in late 2023, will employ 1,300 people and will have production capacity of about 35 gigawatt-hours, similar to the companies' Ultium Cells joint-venture plant in Lordstown, Ohio, as they m...

Official: GM And LG Energy To Build 2nd Ultium Battery Cell Plant Apr 16, 2021 1m ago ++ The 2.8 million-square-foot facility will be built in Spring Hill, Tennessee. General Motors and LG Chems LG Energy Solution officially announced that their 50/50 joint venture Ultium Cells LLC will build the second lithium-ion battery cell manufacturing plant in the U.S. (the first one is under construction in Lordstown, Ohio). The goal is to "significantly inc...

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U-Ming nets sustainability loan for LNG-powered bulkers April 13, 2021, by Jasmina Ovcina U-Ming Marine Transport Corporation, Taiwan’s largest publicly listed bulk carrier company, has secured its first sustainability-linked loan worth $45 million. The loan was obtained from E.SUN Commercial Bank and it was preceded by a rigorous due-diligence process that evaluated the company’s financial strength and ESG achievements. The loan incorporates a...

U-Ming secures its First Sustainability-Linked Loan U-Ming Marine Transport Corporation (“U-Ming”) (TSEC code: 2606), Taiwan’s largest publicly listed bulk carrier company, has secured its first Sustainability-Linked Loan (“SLL”) of USD45 million with E.SUN Commercial Bank, a testimony on its long-standing commitment and accountability on sustainability. To secure the SSL, U-Ming underwent a rigorous due-diligence process that evaluated the company’s financial strength as well as ES...

Korean battery makers rally after battery dispute settlement April 12, 2021 Shares of two Korean battery makers spiked Monday as they ended a two-year legal dispute over electric vehicle (EV) battery technology, which cleared uncertainty over their businesses. On Sunday, LG Chem-owned LG Energy Solution Ltd. and SK Innovation Co. reached a last-minute settlement in a bitter U.S. trade dispute, just one day before an import ban on SK was to take effect. SK Innovation agreed t...

According to media reports, the negotiations between SK Innovation and LG Chems LG Energy Solution has resulted in a settlement.

"We need a strong, diversified and resilient U.S.-based electric vehicle battery supply chain, so we can supply the growing global demand for these vehicles and components – creating good-paying jobs here at home, and laying the groundwork for the jobs of tomorrow," Biden said in a statement following reports that LG Energy Solution and SK Innovation Co had settled an intellectual property dispute. According to Bloomberg, that dispute could have resulted in a lengthy ban on imports of SK...

The two South Korean lithium-ion battery manufacturers officially announced the agreement to end the U.S. ITC trade secret dispute and end litigation.