Exxon Mobil said on Monday that it planned to set up a facility in Arkansas to produce lithium, a critical raw material for electric vehicles, which pose one of the biggest challenges to the company’s oil business.
BANGKOK, Nov 9 (Reuters) - Thailand will work with Toyota Motor Corp (7203.T) in developing the country's electric vehicle (EV) industry, Prime Minister Srettha Thavisin said after a meeting with the automakers' executives.
"Toyota said it sees the potential of Thailand's auto manufacturing industry especially in pick-up trucks and eco-cars," the government said in a statement on Thursday.
Nov 8 (Reuters) - General Motors (GM.N) and Stellantis (STLAM.MI) said on Wednesday they will invest in startup Niron Magnetics, part of a plan to develop electric-vehicle magnets without rare earths as the automotive industry aims to curb its reliance on China.
Firefighters called to extinguish an electric-vehicle fire are discovering the surest approach is to stand back and watch it burn.
Electric cars combust differently than their gas-powered counterparts. Firefighters and researchers said EV fires last longer, are harder to put out and have a tendency to reignite.
Announcements of private sector investments in American-made battery technologies have been increasing over the last few years, with 208 as of September 2023. There have also been 27 Federal investment announcements. The map below shows locations of new announcements of minerals extraction and processing, battery component manufacturing, battery cell manufacturing, and battery pack manufacturing.
WASHINGTON, Nov 6 (Reuters) - Two influential Democratic U.S. senators urged the Energy Department to take steps to boost U.S. battery manufacturing and next-generation battery research, citing China's dominance and export controls, according to a letter seen by Reuters.
Nov 2 (Reuters) - The world's largest lithium producers say they remain bullish on long-term demand for the battery material in the midst of recent price drops fueled by growing worries that the global pace of electric vehicle adoption is slowing.
Starting in January Inflation Reduction Act Provision Will Allow Consumers to Transfer Credit to Car Dealer, Reducing Purchase Price of New and Previously Owned Clean Vehicles at Time of Sale, Car Dealers Must Register with IRS to Receive Payments
A nonpartisan business group that advocates for clean energy estimates that 403,000 jobs will be created by the 210 major energy projects announced since the Inflation Reduction Act took effect in mid-2022.
