Home
What's new
Latest activity
Authors
Store
Latest reviews
Search products
Forums
New posts
Search forums
What's new
New posts
New listings
New products
New profile posts
Latest activity
Members
Current visitors
New profile posts
Search profile posts
Log in
Register
Cart
Cart
Loading…
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Search titles only
By:
Menu
Log in
Register
Navigation
Install the app
Install
More options
Change style
Contact us
Close Menu
Forums
SVTPerformance's Chain of Restaurants
Road Side Pub
Interesting Car/Truck Manufacturer News
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="Weather Man" data-source="post: 16608270" data-attributes="member: 137766"><p><a href="https://seekingalpha.com/news/3682627-general-motors-and-lg-energy-to-build-ev-battery-manufacturing-plant" target="_blank">General Motors and LG Energy to build $2.3B EV battery manufacturing plant</a></p><ul> <li data-xf-list-type="ul">General Motors (<a href="https://seekingalpha.com/symbol/GM" target="_blank">GM</a> +0.5%) announces a more than $2.3B investment to build its second battery cell manufacturing plant in the U.S. through a joint venture partnership with LG Energy Solutions.</li> <li data-xf-list-type="ul">As expected, the facility will be located in Spring Hill, Tennessee.</li> <li data-xf-list-type="ul">The Ultium Cells JV will build the new plant on land leased from GM. Construction on the approximately 2.8M-square-foot facility will begin immediately, and the plant is scheduled to open in late 2023. The facility will supply battery cells to GM's Spring Hill assembly plant after it is up and running.</li> <li data-xf-list-type="ul">"The addition of our second all-new Ultium battery cell plant in the U.S. with our joint venture partner LG Energy Solution is another major step in our transition to an all-electric future," says GM CEO Mary Barra on the development.</li> <li data-xf-list-type="ul">The company says the state-of-the-art Spring Hill plant will use the most advanced and efficient battery cell manufacturing processes. The plant is said to be extremely flexible and able to adapt to ongoing advances in technology and materials.</li> <li data-xf-list-type="ul">Source: <a href="https://seekingalpha.com/pr/18275123-gm-and-lg-energy-solution-investing-2_3-billion-in-2nd-ultium-cells-manufacturing-plant-in-u" target="_blank">Press Release</a></li> <li data-xf-list-type="ul">Morgan Stanley sees <a href="https://seekingalpha.com/news/3682052-general-motors-expected-to-see-big-benefits-from-ultium-platform" target="_blank">big long-term benefits for GM from the Ultium platform.</a></li> </ul><p></p><p></p><p><a href="https://seekingalpha.com/news/3682622-has-apple-car-found-its-manufacturing-partner-in-lg-and-magna-joint-venture" target="_blank">Has Apple Car found its manufacturing partner in LG and Magna joint venture?</a></p><ul> <li data-xf-list-type="ul">Apple (NASDAQ:<a href="https://seekingalpha.com/symbol/AAPL" target="_blank">AAPL</a>) is close to signing on LG and Magna International as production partners for the rumored Apple Car.</li> <li data-xf-list-type="ul">A <a href="https://www.koreatimes.co.kr/www/tech/2021/04/129_307089.html" target="_blank"><em>Korea Times</em></a> report earlier this week said Magna would handle the vehicle production while LG would supply the batteries.</li> <li data-xf-list-type="ul">South Korean LG and Canadian Magna have a pending joint venture, announced <a href="https://www.magna.com/company/newsroom/releases/release/2020/12/23/joint-release---lg-and-magna-enter-joint-venture-agreement-to-expand-in-powertrain-electrification-market" target="_blank">last December</a>, to manufacture e-motors, inverters, and on board chargers and, for select automakers, related e-drive systems.</li> <li data-xf-list-type="ul">The LG Magna e-Powertrain JV combines Magna's strengths in general automotive manufacturing and electric powertrain systems with LG's e-motor and inverter components.</li> <li data-xf-list-type="ul">The JV partnership won't be finalized until July, but its existence lends at least a little credence to the Korea Times report. Apple has an existing relationship with LG's display unit, and neither JV partner is likely to object to serving as the vessel for Apple's automotive software push since they're both already suppliers.</li> <li data-xf-list-type="ul">Earlier this year, Apple was reportedly in talks with Hyundai-Kia to serve as its Car manufacturer, which <a href="https://seekingalpha.com/news/3659311-hyundai-kia-not-in-talks-with-apple-on-self-driving-electric-car-reports-say" target="_blank">Hyundai refuted.</a></li> </ul><p></p><p></p><p><a href="https://seekingalpha.com/news/3682511-daimler-q1-prelim-ebit-and-cash-flow-above-liquidity" target="_blank">Daimler Q1 prelim EBIT and cash flow above liquidity</a></p><ul> <li data-xf-list-type="ul">For Q1, Daimler (<a href="https://seekingalpha.com/symbol/DMLRY" target="_blank">OTCPK<img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite8" alt=":D" title="Big Grin :D" loading="lazy" data-shortname=":D" />MLRY</a> +2.7%) <a href="https://seekingalpha.com/pr/18274521-preliminary-q1-2021-results-significantly-above-market-expectations" target="_blank">sales</a> were benefitted from strong momentum at Mercedes-Benz Cars driven by all major regions, especially China, and also supported from the product mix, pricing and significant fixed cost reductions.</li> <li data-xf-list-type="ul">"Our pipeline with high-tech luxury EVs is packed. The launch of the EQS is just the start. Our systematic efforts to lower the breakeven point of the company are becoming increasingly visible," Daimler and Mercedes-Benz AG board chairman Ola Källenius commented.</li> <li data-xf-list-type="ul">EBIT (€5,748M), adj. EBIT (€4,970M), industrial free cash flow (€1,810M) and net industrial liquidity (€20.1B) all reported above market consensus of €4,964M, €3,987M, €1,102M and €17.9B respectively.</li> <li data-xf-list-type="ul">Mercedes-Benz Cars & Vans, Daimler Trucks & Buses reported adj. return on sales of 14.3% (consensus: 11.7%) and 6% (consensus: 5.3%) respectively.</li> </ul><p></p><p></p><p><a href="https://seekingalpha.com/news/3682483-volkswagens-global-sales-soared-53-in-march" target="_blank">Volkswagen's global sales soared 53% in March</a></p><ul> <li data-xf-list-type="ul">Volkswagen (<a href="https://seekingalpha.com/symbol/VLKAF" target="_blank">OTCPK:VLKAF</a>) reports global sales expanded 53% Y/Y in March, after dropping sharply in the same month last year amid the spread of the coronavirus.</li> <li data-xf-list-type="ul">Q1 deliveries rose 21% Y/Y to 2,431,900 vehicles.</li> <li data-xf-list-type="ul">In China, vehicle deliveries increased to 345K for the month vs. 209.6K a year ago.</li> <li data-xf-list-type="ul"><a href="https://seekingalpha.com/news/3678713-volkswagen-us-sales-grew-21-in-q1" target="_blank">Volkswagen U.S. sales grew 21% in Q1</a>.</li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16608270, member: 137766"] [URL='https://seekingalpha.com/news/3682627-general-motors-and-lg-energy-to-build-ev-battery-manufacturing-plant']General Motors and LG Energy to build $2.3B EV battery manufacturing plant[/URL] [LIST] [*]General Motors ([URL='https://seekingalpha.com/symbol/GM']GM[/URL] +0.5%) announces a more than $2.3B investment to build its second battery cell manufacturing plant in the U.S. through a joint venture partnership with LG Energy Solutions. [*]As expected, the facility will be located in Spring Hill, Tennessee. [*]The Ultium Cells JV will build the new plant on land leased from GM. Construction on the approximately 2.8M-square-foot facility will begin immediately, and the plant is scheduled to open in late 2023. The facility will supply battery cells to GM's Spring Hill assembly plant after it is up and running. [*]"The addition of our second all-new Ultium battery cell plant in the U.S. with our joint venture partner LG Energy Solution is another major step in our transition to an all-electric future," says GM CEO Mary Barra on the development. [*]The company says the state-of-the-art Spring Hill plant will use the most advanced and efficient battery cell manufacturing processes. The plant is said to be extremely flexible and able to adapt to ongoing advances in technology and materials. [*]Source: [URL='https://seekingalpha.com/pr/18275123-gm-and-lg-energy-solution-investing-2_3-billion-in-2nd-ultium-cells-manufacturing-plant-in-u']Press Release[/URL] [*]Morgan Stanley sees [URL='https://seekingalpha.com/news/3682052-general-motors-expected-to-see-big-benefits-from-ultium-platform']big long-term benefits for GM from the Ultium platform.[/URL] [/LIST] [URL='https://seekingalpha.com/news/3682622-has-apple-car-found-its-manufacturing-partner-in-lg-and-magna-joint-venture']Has Apple Car found its manufacturing partner in LG and Magna joint venture?[/URL] [LIST] [*]Apple (NASDAQ:[URL='https://seekingalpha.com/symbol/AAPL']AAPL[/URL]) is close to signing on LG and Magna International as production partners for the rumored Apple Car. [*]A [URL='https://www.koreatimes.co.kr/www/tech/2021/04/129_307089.html'][i]Korea Times[/i][/URL] report earlier this week said Magna would handle the vehicle production while LG would supply the batteries. [*]South Korean LG and Canadian Magna have a pending joint venture, announced [URL='https://www.magna.com/company/newsroom/releases/release/2020/12/23/joint-release---lg-and-magna-enter-joint-venture-agreement-to-expand-in-powertrain-electrification-market']last December[/URL], to manufacture e-motors, inverters, and on board chargers and, for select automakers, related e-drive systems. [*]The LG Magna e-Powertrain JV combines Magna's strengths in general automotive manufacturing and electric powertrain systems with LG's e-motor and inverter components. [*]The JV partnership won't be finalized until July, but its existence lends at least a little credence to the Korea Times report. Apple has an existing relationship with LG's display unit, and neither JV partner is likely to object to serving as the vessel for Apple's automotive software push since they're both already suppliers. [*]Earlier this year, Apple was reportedly in talks with Hyundai-Kia to serve as its Car manufacturer, which [URL='https://seekingalpha.com/news/3659311-hyundai-kia-not-in-talks-with-apple-on-self-driving-electric-car-reports-say']Hyundai refuted.[/URL] [/LIST] [URL='https://seekingalpha.com/news/3682511-daimler-q1-prelim-ebit-and-cash-flow-above-liquidity']Daimler Q1 prelim EBIT and cash flow above liquidity[/URL] [LIST] [*]For Q1, Daimler ([URL='https://seekingalpha.com/symbol/DMLRY']OTCPK:DMLRY[/URL] +2.7%) [URL='https://seekingalpha.com/pr/18274521-preliminary-q1-2021-results-significantly-above-market-expectations']sales[/URL] were benefitted from strong momentum at Mercedes-Benz Cars driven by all major regions, especially China, and also supported from the product mix, pricing and significant fixed cost reductions. [*]"Our pipeline with high-tech luxury EVs is packed. The launch of the EQS is just the start. Our systematic efforts to lower the breakeven point of the company are becoming increasingly visible," Daimler and Mercedes-Benz AG board chairman Ola Källenius commented. [*]EBIT (€5,748M), adj. EBIT (€4,970M), industrial free cash flow (€1,810M) and net industrial liquidity (€20.1B) all reported above market consensus of €4,964M, €3,987M, €1,102M and €17.9B respectively. [*]Mercedes-Benz Cars & Vans, Daimler Trucks & Buses reported adj. return on sales of 14.3% (consensus: 11.7%) and 6% (consensus: 5.3%) respectively. [/LIST] [URL='https://seekingalpha.com/news/3682483-volkswagens-global-sales-soared-53-in-march']Volkswagen's global sales soared 53% in March[/URL] [LIST] [*]Volkswagen ([URL='https://seekingalpha.com/symbol/VLKAF']OTCPK:VLKAF[/URL]) reports global sales expanded 53% Y/Y in March, after dropping sharply in the same month last year amid the spread of the coronavirus. [*]Q1 deliveries rose 21% Y/Y to 2,431,900 vehicles. [*]In China, vehicle deliveries increased to 345K for the month vs. 209.6K a year ago. [*][URL='https://seekingalpha.com/news/3678713-volkswagen-us-sales-grew-21-in-q1']Volkswagen U.S. sales grew 21% in Q1[/URL]. [/LIST] [/QUOTE]
Insert quotes…
Verification
Post reply
Forums
SVTPerformance's Chain of Restaurants
Road Side Pub
Interesting Car/Truck Manufacturer News
Top