Toyota invests in EV battery production in Japan, US
Toyota is investing 730 billion yen ($5.6 billion) in Japan and the U.S. to boost production of batteries for electric vehicles, the Japanese automaker said Wednesday.
Aug 31, 2022
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Automotive
Page 3 - News tagged with joint venture
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.
Jul 26, 2022
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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.
May 2, 2022
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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.
Apr 5, 2022
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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.
Mar 23, 2022
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Automotive
Japan's Honda, Sony joining forces on new electric vehicle
Two big names in Japanese electronics and autos are joining forces to produce an electric vehicle together.
Mar 4, 2022
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Automotive
Ford, ADT form venture to make vehicle security products
Ford and security company ADT have formed a joint venture that will help businesses protect vehicles and expensive equipment they carry from theft.
Jan 18, 2022
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GM venture picks Michigan for 3rd US-based EV battery plant
General Motors and a joint-venture partner plan to build an electric vehicle battery factory in Lansing, Michigan, their third such factory in the U.S.
Dec 10, 2021
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Automotive
GM reaches supply deals for electric vehicle motor magnets
General Motors has taken two more steps to make sure it has the raw materials for the transition from petroleum to battery power, this time lining up magnets for electric vehicle motors.
Dec 9, 2021
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Business
GM venture to build North American battery chemical plant
General Motors is forming a joint venture with Posco Chemical of South Korea to build a North American battery materials plant as it brings more steps in the electric vehicle supply chain under its umbrella.
Dec 1, 2021
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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
