The US Department of Energy announced $3 billion in funding for 25 projects across 14 states, aimed at increasing domestic production of advanced batteries and materials. These projects, expected to create over 12,000 jobs, are a key part of the Biden administration’s clean energy strategy and support the growing electric vehicle market.
Advanced Technology Management (ADVTM), a leading alternative energy company known for its fast DC electric vehicle chargers, is doubling its overseas operations with a new manufacturing facility set to open in December 2025. The expansion is driven by the company’s rapid growth in the US market and commitment to maintaining quality standards.
Group14 Technologies, a leader in silicon battery materials, has secured a potential $200 million grant from the U.S. Department of Energy to build a silane manufacturing plant in Washington state. This will significantly increase the domestic supply of silane, a critical raw material for silicon batteries, reducing reliance on foreign sources and bolstering the U.S. electric vehicle and grid battery industry.
Chinese electric vehicle maker Nio is reportedly considering taking over Audi’s car plant in Vorst, Belgium, as part of its expansion strategy in Europe. This move aims to avoid potential import tariffs on EVs from China and establish a local manufacturing presence.
US markets closed mixed on Monday, with the S&P 500 edging higher and the Nasdaq falling due to weakness in technology stocks. Apple’s decline on lower-than-expected iPhone 16 demand impacted chipmakers, pushing the semiconductor index down. Meanwhile, the NY Empire State Manufacturing Index jumped to its highest level since April 2022, indicating a strong manufacturing sector. Asian markets traded mixed on Tuesday, while European markets opened higher. Oil prices held steady, and US futures pointed to a positive open.
Lucid Group, the maker of electric vehicles, unveiled its upcoming Gravity SUV at its Technology & Manufacturing Day, showcasing its advanced technologies and cost-effectiveness. The company also announced record deliveries and revealed its next-generation Atlas Drive Unit, slated for future midsize vehicles.
Moderna’s new manufacturing facility in Laval, Quebec, has secured a Drug Establishment License from Health Canada, marking a significant step towards the company’s goal of producing mRNA vaccines within Canada. The site will begin manufacturing a range of respiratory vaccines, including COVID-19, RSV, and influenza, beginning in 2025.
HSG Laser’s new GV Series Laser Cutting Machine boasts an impressive 60kW of power, setting a new standard in fiber laser cutting technology. This machine offers high-speed cutting of thick materials, surpassing traditional plasma and flame cutting methods. Its impressive performance, advanced features, and automation capabilities make it an ideal solution for manufacturers looking to boost productivity and optimize their operations.
India’s ambition to become a global manufacturing hub faces a delicate balancing act between promoting indigenous players and allowing continued Chinese involvement in the electronics sector. While the government pushes for ‘Indianisation’ of Chinese operations, the country lacks the necessary infrastructure and skilled workforce for complete self-reliance. The article explores the challenges and opportunities in India’s pursuit of manufacturing independence.
This article delves into the alarming decline of male employment in the United States, highlighting the stark contrast between the Biden-Harris administration’s claims of economic recovery and the reality faced by American men. Despite a supposed manufacturing revival and historic economic recovery, the article argues that these claims are based on misleading statistics and fail to address the root causes of the crisis. The author calls for a focus on pro-American industrial policies, vocational training, and elimination of marriage penalties in the tax code to improve the fortunes of working-age men.
