Government, Business, Fuel

Michigan Lures $1.6 Billion Battery Factory in Fight for EV Jobs

Michigan awarded incentives to two new battery projects — a local startup building a cell plant and a Chinese firm that may produce battery components — as Gov. Gretchen Whitmer seeks to secure future automotive jobs in the state.

Gabrielle Coppola | Bloomberg News
October 5, 2022
Business, Technology, Fuel, Autonomous

Inflation Reduction Act Sparks Interest in Battery Industry

Battery upstarts are salivating over elements in the Inflation Reduction Act, particularly the tax credits for manufacturing components in the U.S.

Gabrielle Coppola | Bloomberg News
September 23, 2022
Business, Technology, Equipment

Jeep Plans Four Electric SUVs, Including a New ‘Brother’ for the Wrangler

Jeep, the rugged American SUV brand owned by Stellantis NV, is expanding its lineup to meet more-stringent emission rules and catch up to rival automakers.

Gabrielle Coppola | Bloomberg News
September 8, 2022
Business, Technology, Fuel, Autonomous

Rivian Cancels Least Expensive Version of Electric Pickup Truck

Rivian Automotive Inc. eliminated the least expensive trim of its R1T electric pickup truck, the company confirmed via email, effectively raising the price of its entry-level model.

Gabrielle Coppola | Bloomberg News
August 19, 2022
Business, Technology, Equipment, Fuel

Ford-Backed Startup Targets EV Alternatives to Lithium-Ion Batteries

Solid Power Inc., the battery startup that went public in a reverse merger last year, has begun operating a new pilot line, putting it on pace to deliver sample cells to automotive partners by year-end.

Gabrielle Coppola | Bloomberg News
June 6, 2022

Soaring Lithium Prices May Affect Vehicle Production

Batteries, and more precisely battery metals, are poised to replace chips as the new bottleneck for the auto industry.

Gabrielle Coppola | Bloomberg News
April 22, 2022
Government, Business, Technology, Equipment, Fuel

Why Nearly Empty Auto Lots Make This Pump-Price Shock Different

Gasoline soaring above $4 a gallon this month has inspired comparisons to 2008, when pump prices sapped demand for fuel-guzzling SUVs and helped push Detroit’s automotive behemoths into bankruptcy.

Gabrielle Coppola | Bloomberg News
March 11, 2022
Business, Technology, Autonomous

May Mobility Raises $83 Million for AV Shuttle

May Mobility Inc., a self-driving shuttle startup backed by the venture arms of Toyota Motor Corp. and BMW AG, raised $83 million in its largest funding round to date.

Gabrielle Coppola | Bloomberg News
January 26, 2022
Business, Technology, Autonomous

Mercedes Taps Luminar for Lidar

Mercedes-Benz plans to use laser sensors from Luminar Technologies Inc. in a next-generation vehicle platform to enable semi-autonomous driving features on highways.

Gabrielle Coppola | Bloomberg News
January 20, 2022
Business, Technology, Autonomous

Silicon Valley’s Push Into Cars Is Testing Aptiv

The auto industry is being upended anew in ways that could challenge Aptiv.

Gabrielle Coppola | Bloomberg News
December 27, 2021