BorgWarner Looks to U.S. Manufacturing Expansion

borg-warner

BorgWarner Inc. plans to expand its U.S. manufacturing footprint to handle its fast-growing electrification business, which is expected to generate about $4 billion by 2025. The company took in $292 million in net earnings in the third quarter of this year, more than double from the same period last year, while revenue grew nearly 20 …

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VinFast to Make, and Sell Electric Scooters in the U.S. 

As competition heats up in the electric vehicle market, some manufacturers look at other areas to expand into and electrify. One such company is VinFast, which announced plans this week to produce and sell its electric scooters in the U.S.  The Vietnam-based EV manufacturer offers a variety of Vespa-style electric scooters, such as the Vento, …

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Chinese EV Maker NIO Looking to Expand to U.S.

According to a new report from China Business News, Chinese EV producer NIO is looking to hire a number of positions related to manufacturing vehicles in the U.S. The recruitment descriptions suggest the Chinese automaker intends to begin planning and erecting EV production facilities on U.S. soil that may start with complete knock-down (CKD) or …

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Hyundai to Invest $5 Billion in U.S. Manufacturing

U.S. Manufacturing

On Sunday, Hyundai announced new plans to commit a further $5 billion towards investing in American manufacturing and innovation. The funds will support the company’s work in electric vehicles, robotics, air taxis, self-driving cars and artificial intelligence. This new announcement follows the automaker’s other major announcement last week regarding their plans to build an all-EV manufacturing …

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iPhone Maker Foxconn to Enter U.S. EV Manufacturing Industry

Foxconn

Taiwan-based Foxconn, known officially as Hon Hai Technology Group, reached a deal last week with Lordstown Motors to acquire the EV startup’s sprawling plant in northeast Ohio. This new deal will have Foxconn produce Lordstown’s Endurance pickup. Foxconn will also co-develop EVs with Lordstown, however, this will be dependent on if the startup can survive …

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U.S Government Announces $3.1 Billion for American-Made Batteries

U.S. Manufacturing

U.S. battery manufacturing got an important boost this week with the announcement of $3.1 billion in new funding from President Joe Biden’s Bipartisan Infrastructure Law. The infrastructure investment is expected to increase American-made batteries and components, bolster domestic supply chains, create good-paying jobs, and lower costs. The idea behind the new funding is to support …

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Ford Experiences First-Quarter Sales Slump Over Chip Shortage 

Chip Shortage 

On Monday, Ford revealed that its sales of new vehicles in the U.S. declined by 17% during the first quarter, including a 26% slide this past March, as it continues to battle a global shortage of semiconductor chips. The company reported a total first-quarter sales figure of 432,132 vehicles, including 159,328 units in March. Those …

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