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<blockquote data-quote="Weather Man" data-source="post: 16681972" data-attributes="member: 137766"><p><a href="https://seekingalpha.com/news/3753514-ford-to-invest-around-300m-to-build-electric-power-units-in-northwest-england" target="_blank"></a></p><p><a href="https://seekingalpha.com/news/3753514-ford-to-invest-around-300m-to-build-electric-power-units-in-northwest-england" target="_blank">Ford to invest around $300M to build electric power units in Northwest England</a></p><p></p><p></p><ul> <li data-xf-list-type="ul">Ford Motor (NYSE:<a href="https://seekingalpha.com/symbol/F" target="_blank">F</a>) to <a href="https://seekingalpha.com/pr/18515650-ford-to-make-electric-power-units-in-northwest-england" target="_blank">spend up to </a><a href="https://seekingalpha.com/pr/18515650-ford-to-make-electric-power-units-in-northwest-england" target="_blank">£230M</a> ($315M) to turn a transmission factory in northwest England into a plant to produce electric power units for cars and trucks sold throughout Europe.</li> <li data-xf-list-type="ul">Halewood plant would begin producing the power units, which replace the engine and transmission used in internal combustion engines, by mid-2024.</li> <li data-xf-list-type="ul">Plant capacity is planned to be around 250,000 units a year.</li> <li data-xf-list-type="ul">The British government has tended to provide around 10% of the total investment value for automotive firms.</li> <li data-xf-list-type="ul">In July, Nissan pledged to invest further in Britain with a new battery plant and Stellantis said less than a week later its Vauxhall Ellesmere Port factory would build electric vans.</li> </ul><p></p><p></p><p><a href="https://seekingalpha.com/news/3753508-toyota-charges-into-electrified-future-in-the-us-with-34b-investment" target="_blank"></a></p><p><a href="https://seekingalpha.com/news/3753508-toyota-charges-into-electrified-future-in-the-us-with-34b-investment" target="_blank">Toyota charges into electrified future in the U.S with $3.4B investment</a></p><p></p><p></p><ul> <li data-xf-list-type="ul">Toyota (NYSE:<a href="https://seekingalpha.com/symbol/TM" target="_blank">TM</a>) will invest <a href="https://seekingalpha.com/pr/18515700-toyota-charges-electrified-future-in-u-s-10-year-3_4-billion-investment" target="_blank">approximately $3.4B</a> in automotive batteries in the United States through 2030.</li> <li data-xf-list-type="ul">The company looks to develop and localize automotive battery production, including those for battery electric vehicles, and is part of the global total of approx. $13.5B set aside for investment in battery development and production announced last month.</li> <li data-xf-list-type="ul">Toyota Motor North America also announced to establish a new company and build an automotive battery plant together with Toyota Tsusho in the U.S. with an aim start production in 2025, the project includes an investment of approximately $1.29B until 2031 and the creation of 1,750 new American jobs.</li> <li data-xf-list-type="ul">"Toyota's commitment to electrification is about achieving long-term sustainability for the environment, American jobs and consumers," said Ted Ogawa, Chief Executive Officer, Toyota Motor North America. "This investment will help usher in more affordable electrified vehicles for U.S. consumers, significantly reduce carbon emissions, and importantly, create even more American jobs tied to the future of mobility."</li> <li data-xf-list-type="ul">Read a most <a href="https://seekingalpha.com/article/4459548-toyota-tundra-makeover-step-toward-no-1-us-position" target="_blank">recent bullish analysis</a> on Toyota by a contributor Doron Levin on Seeking Alpha.</li> </ul><p></p><p><a href="https://seekingalpha.com/news/3753495-ballard-power-systems-enter-long-term-strategic-partnership-with-forsee-power" target="_blank"></a></p><p><a href="https://seekingalpha.com/news/3753495-ballard-power-systems-enter-long-term-strategic-partnership-with-forsee-power" target="_blank">Ballard Power Systems enter long-term strategic partnership with Forsee Power</a></p><ul> <li data-xf-list-type="ul">Ballard Power Systems (NASDAQ:<a href="https://seekingalpha.com/symbol/BLDP" target="_blank">BLDP</a>) and Forsee Power, a leader in smart battery systems for sustainable electromobility, announced the signing of a MOU for a <a href="https://seekingalpha.com/pr/18515572-ballard-power-systems-and-forsee-power-to-enter-long-term-strategic-partnership-to-develop" target="_blank">strategic partnership</a> to develop fully integrated fuel cell and battery solutions, optimized for performance, cost and installation for heavy-duty hydrogen mobility applications.</li> <li data-xf-list-type="ul">The strategic partnership is the beginning of a long-term collaboration involving the co-design, co-development, production, marketing, and sales of integrated fuel cell-battery solutions.</li> <li data-xf-list-type="ul">For the planned integrated solution, Ballard will supply the fuel cell system and related controls, and Forsee Power will supply the battery system and related battery management system, cooling system and high voltage DC/DC conversion system.</li> <li data-xf-list-type="ul">The parties will jointly develop the EMS to optimize the hybrid fuel cell and battery system architecture.</li> <li data-xf-list-type="ul">The collaboration is expected to increase technological performance, optimize costs, extend service life, and reduce customer friction points by providing pre-integrated and optimized electric powertrain solutions.</li> <li data-xf-list-type="ul">As part of the strategic relationship, Ballard will subscribe as a cornerstone investor in the proposed IPO of Forsee Power on Euronext Paris, pursuant to which Ballard to acquire a stake in Forsee Power.</li> </ul><p></p><p><a href="https://seekingalpha.com/news/3753462-stellantis-and-lg-energy-solution-start-jv-for-lithium-ion-battery-production-in-north-america" target="_blank"></a></p><p><a href="https://seekingalpha.com/news/3753462-stellantis-and-lg-energy-solution-start-jv-for-lithium-ion-battery-production-in-north-america" target="_blank">Stellantis and LG Energy Solution start JV for lithium-ion battery production in North America</a></p><p></p><p></p><ul> <li data-xf-list-type="ul">Stellantis N.V. (NYSE:<a href="https://seekingalpha.com/symbol/STLA" target="_blank">STLA</a>) and LG Energy Solution have entered into a <a href="https://seekingalpha.com/pr/18515548-stellantis-and-lg-energy-solution-to-form-joint-venture-for-lithium-ion-battery-production-in" target="_blank">memorandum of understanding to form a joint venture</a> for lithium-ion battery production in North America.</li> <li data-xf-list-type="ul">The JV to establish new battery plant to have annual production capacity of 40 gigawatt hours; targeted to start by first quarter 2024.</li> <li data-xf-list-type="ul">The batteries produced at the new facility will be supplied to Stellantis assembly plants throughout the US, Canada, and Mexico for installation in next-generation electric vehicles that will be sold under the Stellantis family of brands.</li> <li data-xf-list-type="ul">Through the JV, the two companies look to solidify their partnership even further and continue leveraging each other’s strengths, a step toward electrification transformation in North America.</li> <li data-xf-list-type="ul">The location of the new facility is currently under review and further details will be shared at a later date.</li> <li data-xf-list-type="ul">The groundbreaking for the facility is expected to take place in the second quarter of 2022.</li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16681972, member: 137766"] [URL='https://seekingalpha.com/news/3753514-ford-to-invest-around-300m-to-build-electric-power-units-in-northwest-england'] Ford to invest around $300M to build electric power units in Northwest England[/URL] [LIST] [*]Ford Motor (NYSE:[URL='https://seekingalpha.com/symbol/F']F[/URL]) to [URL='https://seekingalpha.com/pr/18515650-ford-to-make-electric-power-units-in-northwest-england']spend up to[B] [/B][/URL][URL='https://seekingalpha.com/pr/18515650-ford-to-make-electric-power-units-in-northwest-england']£230M[/URL] ($315M) to turn a transmission factory in northwest England into a plant to produce electric power units for cars and trucks sold throughout Europe. [*]Halewood plant would begin producing the power units, which replace the engine and transmission used in internal combustion engines, by mid-2024. [*]Plant capacity is planned to be around 250,000 units a year. [*]The British government has tended to provide around 10% of the total investment value for automotive firms. [*]In July, Nissan pledged to invest further in Britain with a new battery plant and Stellantis said less than a week later its Vauxhall Ellesmere Port factory would build electric vans. [/LIST] [URL='https://seekingalpha.com/news/3753508-toyota-charges-into-electrified-future-in-the-us-with-34b-investment'] Toyota charges into electrified future in the U.S with $3.4B investment[/URL] [LIST] [*]Toyota (NYSE:[URL='https://seekingalpha.com/symbol/TM']TM[/URL]) will invest [URL='https://seekingalpha.com/pr/18515700-toyota-charges-electrified-future-in-u-s-10-year-3_4-billion-investment']approximately $3.4B[/URL] in automotive batteries in the United States through 2030. [*]The company looks to develop and localize automotive battery production, including those for battery electric vehicles, and is part of the global total of approx. $13.5B set aside for investment in battery development and production announced last month. [*]Toyota Motor North America also announced to establish a new company and build an automotive battery plant together with Toyota Tsusho in the U.S. with an aim start production in 2025, the project includes an investment of approximately $1.29B until 2031 and the creation of 1,750 new American jobs. [*]"Toyota's commitment to electrification is about achieving long-term sustainability for the environment, American jobs and consumers," said Ted Ogawa, Chief Executive Officer, Toyota Motor North America. "This investment will help usher in more affordable electrified vehicles for U.S. consumers, significantly reduce carbon emissions, and importantly, create even more American jobs tied to the future of mobility." [*]Read a most [URL='https://seekingalpha.com/article/4459548-toyota-tundra-makeover-step-toward-no-1-us-position']recent bullish analysis[/URL] on Toyota by a contributor Doron Levin on Seeking Alpha. [/LIST] [URL='https://seekingalpha.com/news/3753495-ballard-power-systems-enter-long-term-strategic-partnership-with-forsee-power'] Ballard Power Systems enter long-term strategic partnership with Forsee Power[/URL] [LIST] [*]Ballard Power Systems (NASDAQ:[URL='https://seekingalpha.com/symbol/BLDP']BLDP[/URL]) and Forsee Power, a leader in smart battery systems for sustainable electromobility, announced the signing of a MOU for a [URL='https://seekingalpha.com/pr/18515572-ballard-power-systems-and-forsee-power-to-enter-long-term-strategic-partnership-to-develop']strategic partnership[/URL] to develop fully integrated fuel cell and battery solutions, optimized for performance, cost and installation for heavy-duty hydrogen mobility applications. [*]The strategic partnership is the beginning of a long-term collaboration involving the co-design, co-development, production, marketing, and sales of integrated fuel cell-battery solutions. [*]For the planned integrated solution, Ballard will supply the fuel cell system and related controls, and Forsee Power will supply the battery system and related battery management system, cooling system and high voltage DC/DC conversion system. [*]The parties will jointly develop the EMS to optimize the hybrid fuel cell and battery system architecture. [*]The collaboration is expected to increase technological performance, optimize costs, extend service life, and reduce customer friction points by providing pre-integrated and optimized electric powertrain solutions. [*]As part of the strategic relationship, Ballard will subscribe as a cornerstone investor in the proposed IPO of Forsee Power on Euronext Paris, pursuant to which Ballard to acquire a stake in Forsee Power. [/LIST] [URL='https://seekingalpha.com/news/3753462-stellantis-and-lg-energy-solution-start-jv-for-lithium-ion-battery-production-in-north-america'] Stellantis and LG Energy Solution start JV for lithium-ion battery production in North America[/URL] [LIST] [*]Stellantis N.V. (NYSE:[URL='https://seekingalpha.com/symbol/STLA']STLA[/URL]) and LG Energy Solution have entered into a [URL='https://seekingalpha.com/pr/18515548-stellantis-and-lg-energy-solution-to-form-joint-venture-for-lithium-ion-battery-production-in']memorandum of understanding to form a joint venture[/URL] for lithium-ion battery production in North America. [*]The JV to establish new battery plant to have annual production capacity of 40 gigawatt hours; targeted to start by first quarter 2024. [*]The batteries produced at the new facility will be supplied to Stellantis assembly plants throughout the US, Canada, and Mexico for installation in next-generation electric vehicles that will be sold under the Stellantis family of brands. [*]Through the JV, the two companies look to solidify their partnership even further and continue leveraging each other’s strengths, a step toward electrification transformation in North America. [*]The location of the new facility is currently under review and further details will be shared at a later date. [*]The groundbreaking for the facility is expected to take place in the second quarter of 2022. [/LIST] [/QUOTE]
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