GM teams up with Redwood Materials to power data centers with EV batteries | TechCrunch https://t.co/VF0xnjfW5p ...

Key Takeaways LCID warns U.S. tariffs could drive up prices, especially of EVs, due to reliance on global supply chains. The company is localizing battery sourcing via a new graphite supply deal with Graphite One. Lucid's Panasonic partnership will be delayed until at least 2026.Lucid Group, Inc. (LCID) came out with a stern warning from its interim CEO, Marc Winterhoff, stating that the U.S. automotive industry will witness a rise in the cost of vehicles, owing to Trump’s tariff policies. As modern autom ...

China Auto/EV/Batteries EQUITY: AUTOS & AUTO PARTS Another double-digit y-y growth for China auto market Some concerns around EV market looking ahead into mid-term Solid growth in Jun for entire China auto market, while EV market development was subontimal The China auto market reported wholesale unit deliveries of 2.5mn (+14.5% y-yl +7.8% m- m). PV retail sales excluding minivans was 2.1mn units (+18.3% y-y and +7.6% m-m). Both wholesales and retails clocked double-digit y-y growth again, with OEMs pushing ...

This is a significant moment for you as well, because your first domestic supply of sales Reflect on that. That is that is true. Yeah.So currently we are getting our battery supplies either from Japan or from Korea, depending on the supplier. And Panasonic is a is a great partner for us. We decided to a half years ago to make together this investment here and to localize the production, to sell products from here to because it's not just volume supply.This is 2170. But my understanding is there was some co ...

What does it mean for Panasonic in America and American manufacturing of battery technology. So this is more than a ten year vision that we wanted to do this and we wanted to go big in this market. So we had a commitment and we started in Reno, Nevada, and this is our factory that we're diversifying our strategy and we're going to be full production this year.And it's really exciting. Today's a fun and exciting day and this is a celebration, full production this year. So sales are already coming off the lin ...

Battery Production & Technology - Tesla is completing a new LFP battery cell factory in Sparks, Nevada [1] - The factory will produce lithium iron phosphate (LFP) cells, which are safer and more affordable [1] Strategic Importance - Elon Musk calls the facility "vital to America," highlighting its importance to domestic battery production [1] - The initiative represents a major step toward U S energy independence [1]

In a Nevada desert, 805 retired EV batteries are powering a 2,000 GPU AI data center and forming the largest microgrid in North America.Beyond the power it provides, this grid represents Redwood Materials' next evolution, and @kirstenkorosec got a firsthand look. https://t.co/MDFYRncIOc ...

In a Nevada desert, 805 retired EV batteries are powering a 2,000 GPU AI data center and forming the largest microgrid in North America.Beyond the power it provides, this grid represents Redwood Materials' next evolution, as its battery collection turns toward meeting the massive power demands of the AI era.@kirstenkorosec documents the scene, which even includes EV powered Pac-Man ghosts, below 🔋 https://t.co/MDFYRncIOc ...

J P M O R G A N Global Markets Strategy 11 June 2025 Japan Equity Strategy Capex expansion cycle continues amid uncertainty: Promising sectors and companies A capex expansion cycle continues for Japanese companies even as uncertainty over US tariff policy rises. In FY2024, capex in semiconductors, automation, power transmission and distribution, and inbound sectors advanced. Capex accounts for nearly 20% of Japan's GDP, and corporate capex expanded during periods of economic growth and a booming stock marke ...

Panasonic will slash its workforce by 10,000 roles in an effort to boost efficiency. The Japanese electronics manufacturer, which supplies batteries to Tesla through its subsidiary Panasonic Energy, plans to cut 5,000 roles in Japan and 5,000 overseas. That amounts to about 4% of its nearly 230,000-strong workforce.In a statement on Friday, Panasonic said it planned to "thoroughly review operational efficiency … mainly in sales and indirect departments, and reevaluate the numbers of organisations and perso ...