battery plant
What Happens When a Chinese Battery Factory Comes to Town
Chinese firms are building battery plants from Europe to North America, promising jobs while prompting local concerns about the environment, politics, and who really benefits. When the rest of WIRED subscribers get their hands on our next print magazine, you, dear readers of Made in China, can proudly say you heard about it here first. The issue is all about China and includes stories about robots, AI boyfriends, a Chinese town that became the crystal capital of the world, and a Chinese DNA database built for family reunions. Like this newsletter, the issue is our attempt to document how deeply Chinese technology now shapes everyday life--no matter where you live in the world. As part of the issue, I reported a story on how Chinese lithium battery companies like CATL, BYD, and Gotion are now building factories on nearly every continent.
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GM increases its self-driving and EV investment to $35 billion
GM has increased the money it's earmarking for its combined EV and self-driving investment from 2020 through 2025 to $35 billion. The largest automaker in the US originally planned to pour $20 billion into the endeavor but decided to give it a boost and up it to $27 billion late last year. Now, as CNBC reports, it's spending even more on efforts to go electric and driverless. The company will use the additional investment to accelerate the production of its battery and fuel cell technologies. It will build two more battery plants to the US in addition to the two that are already in construction, most likely in an effort to ensure that it doesn't come across battery shortages as it ramps up its EV production.
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- Energy > Energy Storage (0.64)
- Transportation > Ground > Road (0.38)