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Rivian to Receive $6.6B Conditional Loan from US DOE

Tomorrow's Technician

Department of Energy’s Advanced Technology Vehicle Manufacturing (ATVM) loan program for a loan of up to $6.6 billion (including $6 billion of principal and approximately $600 million of capitalized interest) to accelerate its growth and leadership of electric vehicle design, development and manufacturing in the United States.

Finance 130
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Is the future of FCEVs boom or bust?

Auto Service World

Hyundai plans to release its next-generation Initium FCEV in the first half of 2025, and BMW aims to commercialize a fuel cell car based on the BMW iX5 Hydrogen by 2028. New generations of fuel cells from Honda and Toyota promise significant power density and durability improvements at lower manufacturing costs.

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PHEVs shine but for how much longer?

Auto Service World

Manufacturers like BYD have expanded their PHEV offerings, leading to a surge in PHEV sales. However, PHEVs are expected to peak in new sales by 2028, enjoying short to medium-term success. This has led to policy changes that will affect PHEVs’ contribution to OEMs’ CO2 fleet averages. per cent in 2023.

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The ‘horror story’ of the used vehicle market

Auto Service World

So when examining whether or not manufacturers will start to bring those vehicles into showrooms as used cars, its not a bright picture. So with that top of mind as well, we’re seeing those numbers decline up to 2027; 2028 we see it pick up, he said. He noted that his group looks at the market on a 48-month level.

Vehicle 130
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GM Joins Formula 1 as an Engine Manufacturer, Will Power Andretti Cadillac F1 Team in 2028

autoevolution

General Motors announced that it formally registered with the FIA as a Formula 1 power unit manufacturer. The group is going to supply engines to the new Andretti Cadillac F1 team starting the 2028 season. The team will have to come up with another solution for the 2025, 2026, and 2027 seasons.

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Beontag, Michelin partner on integrating RFID-enabled tires to vehicles

Tire Review Magazine

That includes manufacturing, distribution, installation, and recycling. This innovative solution ensures compliance with the EU’s Ecodesign for Sustainable Product Regulations (ESPR), which mandate Digital Product Passports (DPPs) for tires by 2028-2030.

Vehicle 52
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Honda to Establish EV Value Chain in Ontario, Canada

Tomorrow's Technician

Honda expects that electric vehicle production will begin in 2028. In addition to securing the current employment level of 4,200 associates at its two existing manufacturing facilities in Ontario, Honda said it estimates it will add a minimum of 1,000 new associates for the EV and EV battery manufacturing facilities.