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The National Press Club of America has called on the U.S. Department of Justice to immediately withdraw the subpoena for the New York Times reporter.On July 12th, Meta announced that earlier this week, users could generate images in Meta AI by mentioning public Instagram accounts they wanted to reference. This feature, which allowed referencing public content by default, drew criticism from organizations such as the Screen Actors Guild, who argued it could infringe on portrait rights and pose criminal risks. Meta stated that its initial intention was to provide a practical creative tool and allow users to control whether their public content was allowed to be referenced in this way, but after receiving user feedback that the feature failed to achieve its intended effect, it has been removed.July 12 - Jorge Rodríguez, president of the Venezuelan National Assembly, said at a press conference in Caracas, the Venezuelan capital, on July 11 that the two strong earthquakes that struck the country on June 24 have killed 4,333 people and injured 16,740. The latest official statistics from Venezuela show that 1,202 aftershocks have been recorded since the initial earthquakes.Ukrainian President Zelensky called on Ukraines diplomatic efforts to focus on urging allies to implement arms supply agreements more quickly.July 12th - According to the Ministry of Education, this year marks the 20th anniversary of the student loan program based on the students place of origin. Over the past two decades, my countrys student loan program has cumulatively issued 620.7 billion yuan in loans, benefiting 68.21 million students.

In Indiana, GM and LG Energy Solution are considering a fourth U.S. battery plant

Haiden Holmes

Aug 19, 2022 11:04

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According to a joint venture spokesperson on Thursday, General Motors Co and LG Energy Solution are investigating an Indiana location for a fourth U.S. battery cell production factory.


Ultium Cells LLC "is building a compelling business case for a possible major investment in New Carlisle, Indiana," she said, adding that Ultium has submitted a tax abatement application that it expects to be approved by the end of the month.


This month, Ultium's first U.S. battery cell manufacturing facility will open in Warren, Ohio. The companies announced the $2.3 billion project in 2019.


A source briefed on the matter told Reuters that the fourth facility is expected to be identical to the three others and to cost more than $2 billion, but its launching date is unknown.


In January, GM and LG announced a $2.6 billion investment to build a new battery cell manufacturing plant in Lansing, Michigan. The plant is scheduled to open in late 2024. GM also announced at the time that it would invest $4 billion to rebuild and expand an assembly plant near Detroit in order to produce electric pickup trucks that would be powered by batteries produced at the Lansing battery plant.


Additionally, GM and LG Energy are building a $2.3 billion facility in Spring Hill, Tennessee, which is expected to be completed by the end of 2023.


The U.S. Energy Department stated last month that it will lend $2.5 billion to Ultium to help finance the construction of manufacturing facilities for battery cells in Ohio, Tennessee, and Michigan.


Last month, GM stated that it had struck multi-year agreements with LG Chem Ltd and Livent (NYSE:LTHM) Corp to source the necessary raw materials for the production of electric vehicle batteries. GM announced it was on schedule to achieve its goal of producing one million electrified vehicles annually in North America by the end of 2025.


Stellantis NV, Chrysler's parent company, and Samsung (KS:005930) SDI announced in May that they will invest over $2.5 billion to build a new joint venture battery plant in Kokomo, Indiana.


The law signed by President Joe Biden on Tuesday imposes extra sourcing standards for battery components and critical minerals beginning on January 1 for electric vehicles to qualify for $7,500 tax credits.


Biden hopes that by 2030, fifty percent of all automobiles produced in the United States will be electric or plug-in electric.

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