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

American-Made Batteries

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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Tesla Raises Prices in U.S., China Amid Inflation 

Tesla Factory

This week, Tesla raised the prices on all of their cars currently available in the U.S., while implementing similar hikes on the Model 3 and Model Y in China. These latest hikes are the second increase in prices within the past week.  Officially, Tesla did not give a reason for the price increases. However, on …

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BMW Leads in Automotive Exports for Eighth Year in a Row

bmw

According to new data released by the U.S. Department of Commerce, BMW Manufacturing once again led the nation in automotive exports by value. This marks the eighth year in a row that the company has achieved this milestone.  During 2021, BMW’s U.S. plant in Spartanburg, South Carolina exported 257,876 BMWs with a total export value …

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Honda Joins U.S. Company to Produce EV Batteries

Honda

Japanese carmaker Honda has signed a joint development agreement with Boston-based EV battery company SES Holdings in order to develop new lithium-metal batteries for their electric vehicles. This joint development agreement with SES is part of the overall battery strategy of Honda. Lithium-metal batteries could help Honda develop improved battery tech for its upcoming EVs …

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Honda Still on the Fence About U.S. EV Manufacturing 

Honda

Japanese automaker Honda Motor Co. recently stated that it’s still undecided on where to manufacture EVs in the United States, questioning the country’s demand despite soaring sales numbers from competitors miles ahead in their own electrified transitions. Like many other traditional automakers, Honda’s goal is to have 100% electric sales by 2040, although a huge …

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Toyota Becomes First Foreign Auto Company to Top U.S. Sales

top-selling automaker

2021 was a difficult year for auto manufacturers who struggled to meet demand due to the ongoing global chip shortage and lingering impacts of Covid-19. Despite these issues, Toyota still managed to make history by unseating General Motors as the top-selling automaker in the United States last year, becoming the first manufacturer based outside the …

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