investment

GM Plans Biggest Manufacturing Investment Ever In Its Home State For EV, Battery Production

GM Plans Biggest Manufacturing Investment Ever In Its Home State For EV, Battery Production

Ultium Cells, a joint venture of LG Energy Solution and General Motors, announced a $2.6 billion … [+] investment to build its third battery cell manufacturing plant in the United States. The facility will be located in Lansing, Michigan. The new battery cell plant is expected to create 1,700 new jobs when the facility is …

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Foreign Investment Walls Come Down On Auto Fortress China

Foreign Investment Walls Come Down On Auto Fortress China

China has finally brought the walls down on the strict foreign investment limits that defined the … [+] first decades of its automotive industry. Photo: China Photos/Getty Images Getty Images China has chosen the western world’s quietest business period to throw an eastern cat amongst its pigeons, by lifting its foreign-ownership limits on automotive companies …

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Electric hydrofoil maker accelerates growth with £20m investment

Electric hydrofoil maker accelerates growth with £20m investment

Electric boat maker Candela has announced it will accelerate its plans to sell electric hydrofoils after raising additional invetsment. Candela claims it tops sales worldwide for electric leisure and commercial vessels, and is seeking to expand its range of electric-powered hydrofoils after securing more than £20m of investment from venture capitalists. It says it will use the …

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