Toyota secures batteries for US-made EVs due in 2025

Toyota on Wednesday announced a “long-term” battery supply agreement with LG Energy Solution, which the automaker claims will secure batteries for U.S. EV production. Under the contract, LG will supply battery modules at an annual capacity of 20 gigawatt-hours starting in 2025, according to a Toyota press release. Comprised of nickel-manganese-cobalt-aluminum (NMCA) pouch-type cells, the…

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Munro previews details of design and technical upgrades for all-electric Series-M 4×4

Munro Vehicles (Munro), a manufacturer of all-electric 4x4s, and Scotland’s only volume production car company, has announced an equity crowdfunding round and revealed details of design and technical enhancements for its all-electric 4×4 Series-M Pick-Up and Series-M Truck models, driven by extensive field trials of, and customer feedback on, the Munro MK_1 pre-production model. Munro…

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Rivian CEO Hints At Leasing Options That Will Unlock $7,500 Tax Credit

Rivian doesn’t currently offer leasing and none of their passenger vehicles qualify for the full $7,500 Inflation Reduction Act (IRA) tax credit, but that may change soon, according to the company’s founder and CEO, RJ Scaringe, who spoke about the startup’s future during Morgan Stanley’s 11th annual Laguna Conference. Scaringe said that Rivian didn’t offer…

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