OSAKA, Japan—Global leader in lithium-ion batteries, Panasonic Energy, has agreed to supply batteries for Lucid’s full vehicle line-up, including the Lucid Air and upcoming Gravity SUV
LOS ANGELES—Lockheed Martin Ventures, the venture capital arm of Lockheed Martin Corp., is investing in Machina Labs, a start-up company developing technology that combines AI and robotics to rapidly manufacture advanced sheet metal products.
RACINE, WI—After more than 260 days on strike, roughly 1,100 CNH Industrial workers in Wisconsin and Iowa are going back to work after a new contract was voted on and signed Jan. 21.
FLINT, MI—General Motors Co. plans to invest $918 million in four U.S. manufacturing sites, including $854 million to prepare these facilities to produce the company’s sixth generation small-block V-8 engine and an additional $64 million in Rochester, NY, and Defiance, OH, for castings and components to support EV production. These investments will enable the company to strengthen its full-size truck and SUV business and support the company’s growing EV product portfolio.
INCHEON, South Korea—Researchers at Incheon National University have developed a cost-effective, eco-friendly technique for making high-efficiency chalcopyrite solar cells.
OYSTER BAY, NY—Advances in machine learning technology will help propel sales of smart cameras for machine vision applications to 197 million units and a total value of $35 billion by 2027, according to global technology intelligence firm ABI Research.
CARTERSVILLE, GA—South Korean solar energy company Qcells will invest $2.5 billion to expand its manufacturing capacity in the United States, creating as many as 2,500 jobs in Georgia.