SAIC IM Motors CEO Liu Tao announced the "Lightyear Solid-State Battery" for IM L6, offering 30% more power and 1000 km range. Developed with Qingtao Energy, it marks a breakthrough in solid-state battery technology, aiming for safer, faster-charging solutions in the new energy vehicle industry.
The U.S. Congress has prohibited the Department of Defense from purchasing batteries from six Chinese companies, including CATL and BYD, effective October 2027, aiming to decouple from China's supply chain. This part of the 2024 National Defense Authorization Act doesn't affect commercial purchases, allowing companies like Ford and Tesla to continue their collaborations. The move is aligned with efforts under the Inflation Reduction Act to phase out subsidies for electric vehicles with Chinese battery components, signaling a strategic push towards bolstering domestic manufacturing and reducing dependency on China's leading position in the global lithium battery market.
Breakthrough Ideas CEO Jeane Ives has expressed her gratitude for the efforts of Congressman Darin LaHood (R-IL) in introducing the No Official Giveaways Of Taxpayers' Income to Oppressive Nations (NO GOTION) Act.
Adam Beaty, GOP candidate for House District 81, has raised concerns about a new lithium battery plant set to take over a former K-Mart distribution center in Manteno, Illinois.
GOP lawmakers sent a letter urging the Treasury Dept. to investigate Gotion High-Tech for its CCP-ties, the letter posted on social media Wednesday states.