Automotive

Energy Dept. backs $2.5B loan to GM venture for EV batteries

A joint venture between General Motors and South Korean battery company LG Energy Solution is set to receive a $2.5 billion loan from the Energy Department to build battery cell factories for electric vehicles in three states.

Ford pledges to work with community near future factory

Ford Motor Co. officials on Tuesday pledged to be good neighbors to those in rural west Tennessee who live near the automaker's planned electric truck factory, a project expected to create thousands of jobs and change the ...

Energy & Green Tech

Stellantis pours billions more into Canada, electric

Automaker Stellantis said Monday it will invest $3.6 billion Canadian dollars ($2.8 billion) to upgrade two Canadian assembly plants and expand a research center as it accelerates its long-term electrification strategy.

Automotive

US agency opens probe into electric vehicle batteries

U.S. safety regulators have opened an investigation into electric and hybrid vehicle batteries after five automakers issued recalls due to possible defects that could cause fires or stalling.

Automotive

Stellantis, LG to make electric vehicle batteries in Ontario

A joint venture between Stellantis and South Korea's LG Energy Solution plans to build a large electric vehicle battery factory in Windsor, Ontario, employing about 2,500 people just across a river from Detroit.

Automotive

Ford, battery maker face job requirement for Tennessee plant

Ford Motor Co. and a South Korean company would have to create more than 5,000 full-time jobs at a planned electric pickup truck factory and battery manufacturing plant in Tennessee or pay back at least part of a $500 million ...

Contamination disrupts flash chip output at two Japan plants

Operations at two Japanese factories producing flash memory chips have been disrupted by the contamination of industrial materials, chipmaker Kioxia said Thursday, as analysts warned of potential price hikes for the key smartphone ...

page 1 from 6

Joint venture

A joint venture (often abbreviated JV) is an entity formed between two or more parties to undertake economic activity together. The parties agree to create a new entity by both contributing equity, and they then share in the revenues, expenses, and control of the enterprise. The venture can be for one specific project only, or a continuing business relationship such as the Fuji Xerox joint venture. This is in contrast to a strategic alliance, which involves no equity stake by the participants, and is a much less rigid arrangement.

The phrase generally refers to the purpose of the entity and not to a type of entity. Therefore, a joint venture may be a corporation, limited liability company, partnership or other legal structure, depending on a number of considerations such as tax and tort liability.

This text uses material from Wikipedia, licensed under CC BY-SA