India s Epsilon Advanced Materials plans to open a $650-million battery materials and
components plant in North Carolina in 2026 that could eventually
supply up to 1.1 million electric vehicles in. -October 26, 2023 at 12:15 pm EDT
- MarketScreener
Ford withdraws 2023 forecast, warns on EV results streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
DETROIT (Reuters) -Ford Motor on Thursday withdrew its full-year results forecast due to "uncertainty" over the pending ratification of its deal with the United Auto Workers (UAW) union, and warned of continued pressure on electric vehicles, sending shares of the company down more than 4% after-hours. The union and Ford on Wednesday reached a tentative agreement that included a 25% wage hike for 57,000 workers over 4-1/2 years, ending a strike at some of the automaker's biggest factories. Ford expects the new contract will add $850 to $900 in labor cost per-vehicle, Chief Financial Officer John Lawler said in a briefing on Thursday.
The battery test race to work out what used EVs are really worth By Reuters investing.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investing.com Daily Mail and Mail on Sunday newspapers.
One of them is Altelium, a UK startup that has a developed an EV battery state-of-health test and certificate launching this year in more than 7,000 U.S. car dealers and over 5,000 UK dealers through dealer service providers including Assurant and GardX. Austrian startup Aviloo, which has developed a test for dealers and private individuals, has found that after 100,000 kilometres (62,140 miles) EV battery health can vary by up to 30%. According to EV battery tracking startup Recurrent, U.S. used EV prices in September were down 32% year-on-year, versus a 7% drop for fossil-fuel models.