EV battery company Akosol to close its facilities in Hazel Park, Warren
A total of 188 jobs will be lost when Akasol Inc. closes two Michigan facilities, according to a state WARN notice.
EV battery company to close two Michigan plants, lay off 188 workers
An electric vehicle battery company will permanently close two of its Michigan plants in April, laying off 188 workers. Akasol, a German company that was acquired by BorgWarner in 2022, filed a notice with the state of Michigan on Feb. 11 announcing plans to close two of its plants in Hazel Park and Warren.
EV battery company Akasol to lay off 188 metro Detroit workers
Akasol, a wholly owned subsidiary of auto supplier BorgWarner Inc., will close two locations and shed 188 workers by April 2025.
Toyota steps in to support Michigan EV battery plant with $1.5B order after GM backs out
In a turn of events, Toyota is stepping in to support LG Energy Solution’s EV battery plant in Michigan. Toyota reportedly placed a $1.5 billion order to boost operations at the facility after GM backed out. GM reached a non-binding agreement with LG in December to sell its stake in their planned EV battery plant in Lansing, Michigan.
Toyota to transfer LG Energy battery order to Michigan plant
Toyota Motor has agreed to transfer its order for LG Energy Solution vehicle batteries to a Michigan plant that General Motors is exiting, the Japanese automaker confirmed Tuesday. GM in December said it would sell its stake in the plant,
Toyota Is Supporting LG Battery Plant With $1.5 Billion Order
Toyota Motor Corp. has agreed to shift a $1.5 billion order with LG Energy Solution to bolster operations at a Michigan battery plant after General Motors Co. backed out of the project, according to people familiar with the matter.
Benzinga.com2d
Top Performing EV Battery Stocks
companies producing EV batteries are likely to get more orders, presenting an opportunity for investors. Individuals who want EV battery stocks in their portfolios may want to consider these ...
Recycling Today6h
BCA subsidiary offers EV battery pack shredder
Wisconsin-based BCA Industries says its LithiBatt division offers equipment to process electric vehicle battery packs ...
Tracking the EV battery factory construction boom across North America
Battery factories are popping up across North America. Here's where they are and how the Inflation Reduction Act influenced ...
Crain's Detroit16h
Toyota shifts $1.5B order to LG battery plant in Lansing
Toyota Motor Corp. has agreed to shift a $1.5 billion order with LG Energy Solution to bolster operations at a Michigan ...
How European Businesses Are Rewriting The Battery Recycling Rulebook
New research carried out by Imperial College London suggests recycled EV battery materials can match, and even surpass, the ...
Matel teams up with Honda Power Pack for swappable EV battery solutions
Matel Motion & Energy Solutions on Wednesday said it has partnered with Honda Power Pack Energy India to integrate its ...
The Jakarta Post1d
Govt forms investment holding company for raw EV battery materials
Ministry has transformed PT Indonesia Battery Corporation (IBC) from a project development company into an investment holding ...