Ford is more significant than GM for the first time starting around 2016

Ford Motor has had quite a year and investors have compensated the organization with a market capitalization more prominent than its main opponent, General Motors. Ford Motor Co’s. the surging stock gave it a market value more noteworthy than rival General Motors for the first time for over five years. Ford (ticker: F) shut Tuesday… Continue reading Ford is more significant than GM for the first time starting around 2016

General Motors will source uncommon earth metals locally for its electric vehicles

General Motors is speeding up its shift away from China and other foreign sources for the key raw materials and components required for the millions of battery-electric vehicles it intends to carry out over the coming decade. GM declared the most recent of more than a dozen deals Thursday, saying it will buy uncommon earth… Continue reading General Motors will source uncommon earth metals locally for its electric vehicles

General Motors will develop a North American materials processing factory for Ultium EV batteries

General Motors (GM) declared a joint endeavor close by POSCO Chemical to raise a new factory in North America to process Cathode Active Material (CAM). CAM will be essential to GM’s production of its proprietary Ultium EV batteries, as the legacy automaker hopes to build up a bigger presence in US EV production. General Motors… Continue reading General Motors will develop a North American materials processing factory for Ultium EV batteries

General Motors’ Cadillac brand is dropping many dealers who are not prepared for electric cars

General Motors’ Cadillac brand is set to drop around 40% of its U.S. dealerships and carry out a new electric SUV, expecting to slip into a more-committed adoption of electric vehicles. GM is one of the biggest automotive brands internationally and has been engaged with the development of electric vehicles for several years, because of… Continue reading General Motors’ Cadillac brand is dropping many dealers who are not prepared for electric cars

Ford takes the first step towards manufacturing its own car battery cells for electric vehicles, following Tesla and GM

Ford declared the launch of a new battery development center in Michigan, the initial move toward taking on some of the burdens of building its own battery cells for electric cars in-house. Ford Motor intends to invest $185 million into a new battery lab as a step toward manufacturing its own battery cells for electric… Continue reading Ford takes the first step towards manufacturing its own car battery cells for electric vehicles, following Tesla and GM