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South Korea Pledges $5 Billion In Support For Battery Makers In The U.S. - Vimarsana News

South Korea Pledges $5 Billion In Support For Battery Makers In The U.S.

South Korea has pledged $5 billion to help its battery makers capitalize on the U.S. Inflation Reduction Act incentives.

Toyota Finally Seems to Be Getting It - Vimarsana News

Toyota Finally Seems to Be Getting It

The automaker's new CEO is singing a slightly more enthusiastic tune about EVs, while holding true to its strategy of diversification.

Stellantis, BMW in talks with Panasonic for new EV battery plants in North America - Vimarsana News

Stellantis, BMW in talks with Panasonic for new EV battery plants in North America

Global automakers are investing billions of dollars to setup battery plants for electric vehicles.

S.Korea's LGES revives Arizona battery factory with $5.6 billion investment - Vimarsana News

S.Korea's LGES revives Arizona battery factory with $5.6 billion investment

By Heekyong Yang and Hyunsu Yim SEOUL (Reuters) -South Korea's LG Energy Solution Ltd (LGES) said on Friday it would resume a stalled U.S. battery project with a $5.6 billion investment in Arizona to qualify

Source: oann.com
South Korea's LGES to resume Arizona battery factory plan with $5.6 bln investment - Vimarsana News

South Korea's LGES to resume Arizona battery factory plan with $5.6 bln investment

South Korea's LG Energy Solution Ltd (LGES) said on Friday it would invest 7.2 trillion won ($5.58 billion) to build a battery factory in Arizona, reviving a project paused last year due to adverse economic conditions.