In a stark admission of the deepening challenges facing the global auto industry, Stellantis, one of the world’s largest carmakers, has slashed its financial forecasts for 2024. This recalibration comes as the company battles significant headwinds in both the U.S. and European markets, struggling with declining sales, labor disputes, and fierce competition from Chinese electric […]
Element 25 Limited, a key player in the battery materials sector, has announced a significant financial milestone with its high-purity manganese project receiving a US$166 million grant from the U.S. Department of Energy (DOE). This grant, awarded under the DOE’s Battery Materials Processing Grant Programme, supports Element 25’s upcoming facility in Louisiana, which will produce […]
Stellantis has issued a warning to union workers about potential job cuts, affecting as many as 2,450 employees at the Warren Truck Plant located just outside of Detroit. This facility is known for producing an older version of the Ram 1500 pickup, the Tradesman, which is primarily sold to commercial businesses. With the introduction of […]
Stellantis, a frontrunner in the automotive industry, has significantly expanded its production capabilities for hydrogen fuel cell vehicles. This development, focusing on both mid-size and large commercial vans, is taking place in the company’s facilities in Hordain, France, and Gliwice, Poland. This move is a major step forward in Stellantis’ commitment to zero-emission offerings and […]
Stellantis N.V. has announced a pivotal move in the automotive industry with the acquisition of artificial intelligence (AI) framework, machine learning models, intellectual property rights, and patents from CloudMade, a renowned developer of smart, big data-driven automotive solutions. This strategic acquisition, valued at $415 million, positions Stellantis at the forefront of AI integration in the […]
Stellantis N.V. has taken a significant leap forward in the automotive industry by unveiling the STLA Large, a revolutionary Battery Electric Vehicle (BEV)-native platform, poised to redefine the future of mobility. Designed with the ultimate flexibility, the STLA Large platform is engineered to support a broad array of vehicles, setting new benchmarks in range, efficiency, […]
Archer Aviation Inc. has announced significant Q2 operating and financial results for the period ending June 30, 2023. Notably, the company has confirmed a substantial $215 million equity investment from industry behemoths such as Stellantis, Boeing, United Airlines, ARK Invest, and more, boosting its total funding to an impressive $1.1 billion. In sync with this, […]
Dutch automotive manufacturing corporation Stellantis N.V. and South Korean battery manufacturing company Samsung SDI have confirmed they are set to build a second battery manufacturing plant in the U.S., marking the extension of their existing StarPlus Energy joint venture. The facility, expected to start operations in 2027, is designed to have an annual production capacity […]
Appian Capital Advisory, an investment advisor to long-term value-driven private capital funds that invest in mining companies, has announced it is selling its Brazilian battery metals-focused portfolio companies, Atlantic Nickel and Mineração Vale Verde (MVV) to ACG Acquisition Company. The transaction amounts to a cash consideration of $1 billion, along with a sale of Appian […]
Stellantis, in collaboration with TotalEnergies and Mercedes-Benz, celebrated the inauguration of Automotive Cells Company’s (ACC) battery gigafactory in Billy-Berclau Douvrin, France. This marks the first of three planned battery gigafactories in Europe and represents a significant step towards advancing electric vehicle (EV) technology. The newly inaugurated ACC battery gigafactory boasts an initial production line capacity […]