A planned $200 million factory will reportedly be finished by January 2025 while construction on a different $46 million plant will be completed by October 2024.

Panasonic “will need to build" about four more factories to achieve a sharp boost in its battery capacity, according to CTO Shoichiro Watanabe.

GM will loan E25 $85 million to partially fund the construction of a new battery-grade manganese sulfate processing facility located in Louisiana.

The shortfall in goods trade narrowed by 6.1% to $91.1 billion, according to Commerce Department data released on June 28.

The company is also seeking partners to set up recycling sites in North America, said chief manufacturing officer Ni Jun June 28. 

The money will be awarded via the Advanced Technology Vehicles Manufacturing Loan Program to BlueOval SK, a new joint business venture established by Ford and SK On.

Data-driven 3D printing provides a significant boost to the efficiency and productivity of the supply chain, helping manufacturers respond more quickly and effectively to disruptions.

Hyundai also plans to spend about $85 billion to boost production and make progress in areas such as hydrogen cars, EV batteries and software for future mobility.

Sinochem is Pirelli's biggest shareholder with a 37% stake in the company and control of 60% of the seats on the organization's board.

The German automotive industry said it won’t be ready to meet 2024's new production thresholds because Europe’s battery supply chain is still ramping up, according to the VDA lobby.