6. GM Orion EV + Ultium Battery Projects – General Motors/LG, Michigan, $6.5B
7. Ford BlueOval City – Ford/SK On, Tennessee, $5.6B
6. GM Orion EV + Ultium Battery Projects – General Motors/LG, Michigan, $6.5B
7. Ford BlueOval City – Ford/SK On, Tennessee, $5.6B
Obama's ATVM PROGRAM:
Tesla $465 Million
Ford $5.9 BILLION
Nissan $1.45 Billion
Ultium Cells $2.5 Billion
Tesla repaid the loan in ful with interest in 3 years
Ford 13 years
Nissan 7 years
UC took the loan in 2022 and hasn't paid it back
Obama's ATVM PROGRAM:
Tesla $465 Million
Ford $5.9 BILLION
Nissan $1.45 Billion
Ultium Cells $2.5 Billion
Tesla repaid the loan in ful with interest in 3 years
Ford 13 years
Nissan 7 years
UC took the loan in 2022 and hasn't paid it back
Huge fall off for the Ultium products after the rebate expired. Coupled with GM's price increases and weak incentives, we may see them fall behind Hyundai and Ford.
Rapid demand destruction for Japanese and German options.
Huge fall off for the Ultium products after the rebate expired. Coupled with GM's price increases and weak incentives, we may see them fall behind Hyundai and Ford.
Rapid demand destruction for Japanese and German options.
Also the Bolt didn't stop until 2023.
Also the Bolt didn't stop until 2023.
The Ultium brand is dead & Honda has gone its separate way.
A good 2026 for GM would be repeating 2025 (170k EVs) w/o tax credits.
🔌💡🔌🚗
Add in the Honda/Acura EVs, and GM’s Ultium platform is at ~193,000 units on the year.
Need to see how much things fall off in Q4, but 175,000 for GM EVs and 230,000 for Ultium in 2025 seem like good targets.
🔌💡🔌🚗
insideevs.com/news/774389/...
The Ultium brand is dead & Honda has gone its separate way.
A good 2026 for GM would be repeating 2025 (170k EVs) w/o tax credits.
🔌💡🔌🚗
Layoffs hit Ultium Cells facility after 'slower than expected' EV adoption . These include battery assembly operators, quality operators and material operators. .
spectrumnews1.com/oh...
Layoffs hit Ultium Cells facility after 'slower than expected' EV adoption . These include battery assembly operators, quality operators and material operators. .
spectrumnews1.com/oh...
www.wkbn.com/news/local-n...
www.wkbn.com/news/local-n...
710 employees will be laid off today at General Motors’ Ultium Cells battery plant in Spring Hill, Tennessee, due to a temporary production slowdown as the company adjusts its production plans in response to lower demand for electric vehicles.
710 employees will be laid off today at General Motors’ Ultium Cells battery plant in Spring Hill, Tennessee, due to a temporary production slowdown as the company adjusts its production plans in response to lower demand for electric vehicles.
Ultium Cells cuts 1,300 jobs at Lordstown plant . A workforce reduction began today at the Ultium Cells battery manufacturing plant in Lordstown. .
www.wfmj.com/story/5...
Ultium Cells cuts 1,300 jobs at Lordstown plant . A workforce reduction began today at the Ultium Cells battery manufacturing plant in Lordstown. .
www.wfmj.com/story/5...
Regrets vs going with a Powerwall (+ expansion packs)?
and it would presumably be compatible with the Wallbox Quasar 2 for V2H (as the EV9 is now and the 2025-on-up EV6/Ioniq 9 will be imminently per Hyundai's recent announcements)
Regrets vs going with a Powerwall (+ expansion packs)?