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DoE Announces $2.5 Billion Loan for Battery Plants

The U.S. Department of Energy today announced the closing of a $2.5 billion loan to Ultium Cells LLC to help finance the construction of new lithium-ion battery cell manufacturing facilities in Ohio, Tennessee, and Michigan.

Machine Tool Orders Decline in October

Machine tool orders fell in October on both a monthly and year-over-year basis, AMT – The Association for Manufacturing Technology said today.

Bosch Adds EV Motor Production in South Carolina

Robert Bosch GmbH continues to beef up its electromobility capabilities and transition away from diesel-related components with the launch of electric motor production at its Charleston, S.C., manufacturing facility.