Page 38 - Factory Zero News Today

The clock is ticking. The Cadillac Lyriq may be the luxury brands first electric vehicle but it certainly wont be the last. In fact, its just the beginning of what will be an all-electric future starting in 2030. The countdown is underway for the entire ICE lineup. This phasing out will be a gradual process and itll get underway beginning in 2025, according to a new report from Automotive News. Heres the plan: the Cadillac XT4, XT5, and XT6 (the latter two share a platform) will all be retired ...

GM, LG’s Ultium Battery Venture Expands to Spring Hill, TN Part of GM’s $7 billion investment this year in zero-emission vehicle technology, the Tennessee plant will supply battery cells to Spring Hill Assembly, which GM said in October will build the Cadillac Lyriq EV. General Motors and its partner, LG Energy Solutions, plan to invest $2.3 billion in a new plant in Tennessee that will build Ultium batteries and employ 1,300 people. The new plant on GM’s property in Spring Hill, TN...

New factory will sit alongside old Spring Hills assembly plant. GM CEO Mary Barra announced the plan to build the second Ultium Cells battery cell manufacturing plant in Spring Hill, Tennessee. General Motors and its partner LG Chem will invest $2.3 billion to set up their second battery plant in Spring Hill, Tennessee, alongside what is to become one of four GM EV plants. The new factory will be operated as part of the Ultium Cell LLC joint venture set up by GM and LG’s Energy Solutions sub...

Chris Davies - Apr 16, 2021, 8:32am CDT Walmart has invested in autonomous car company Cruise, ahead of a pilot delivery program with the GM-backed company’s self-driving vehicles. The pilot was announced late last year and is expected to begin in 2021, as Walmart explores new options for the so-called “last mile” of getting groceries and more to shoppers. “We’ve been impressed with Cruise’s differentiated business model, unique technology and unmatched driverles...

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GM-backed Cruise goes international with autonomous shuttles in Dubai The  Origin shuttle arrives in Dubai. Image: cruise 2021-04-12 10:54:36 UTC Dubai’s Crown Prince Sheikh Hamdan bin Mohammed tweeted early Monday that the San Francisco-based autonomous vehicle company Cruise will supply the United Arab Emirates citys autonomous taxi shuttles. Cruise was selected to operate its Origin ride-sharing shuttles in the UAE city as soon as 2023. By 2030, the citys Roads and Transport Authori...

Thank the just-announced Silverado EV. Wall Street responded in kind hours after General Motors announced plans to launch an all-electric version of the long-popular and long-running Chevrolet Silverado full-size truck. The automakers stock was up by 1.5 percent at the end of the trading day Tuesday, closing at $61.94 a share. Thats a new closing record. Earlier in the day, the stock reached an all-time high of $63.44, according to CNBC. Not bad for an automaker that emerged from bankruptcy jus...

But is there any truth to them? General Motors had a very good week. It unveiled the 2024 GMC Hummer EV SUV, of which the $105,000 Edition 1 trims sold out in less than an hour. Days later it announced an all-electric Chevy Silverado is on the way. Following that, GMs stock reached an all-time. Americas biggest car company is now worth about $90 billion. Theres genuinely a lot to be excited about, especially for an automaker that filed for bankruptcy in 2009. GMs commitment to an all-electric f...

Chevy wasnt expansive with the details, but there were some interesting tidbits to be found. The Silverado will be "designed from the ground up" to be an electric vehicle on GMs new EV platform. It will be built alongside GMs other EVs at their Factory Zero complex in the Detroit area. Thats a different tack from Ford, which appear to have the EV sharing the line with the hybrid F-150. That could work to Fords advantage in the immediate term with reduced upfront costs and customer appeal, but l...

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