5 Days of Chips, GM Makes Huge EV Announcement, & EV Batteries from Korea

January 26, 2022

As fate would have it, the world is full of EV news and we are here to bring you all the facts and feelings about it. We are gearing up for a huge push into February and are looking forward to sharing more time & space with you!

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GMs Huge EV announcement yesterday
$7 billion to convert a factory to make electric pickup trucks and to build a new battery cell plant.
30B through 2025 with $824M in incentives from the state of Michigan
GM CEO Mary Barra said the investment would make Michigan “the epicenter of the electric vehicle industry.”
Talking Chips Again…and not the potato variety
“The report, based on more than 150 responses to a Commerce Department request for information from businesses that produce and use semiconductors, found that the median supply of chips held by manufacturers has dropped from 40 days' worth in 2019 to less than five days' worth last year.”
Focusing on the Synergy and not what to start / stop
The Korean Battery Brand Push is “We’re not China.”