3.5B

Ford halts work on $3.5B EV battery factory with China’s CATL

by

Ford confirmed Monday it has immediately stopped work at a $3.5 billion factory in Michigan that was supposed to make cheaper lithium iron phosphate batteries using tech from China’s CATL. “We’re pausing work and limiting spending on construction on the Marshall project until we’re confident about our ability to competitively operate the plant,” Ford spokesperson … Read more

Occidental, Climeworks winners as Biden allocates $3.5B for CO2 removing

by

Christoph Gebald (left) and Jan Wurzbacher, co-founders of Climeworks. Picture courtesy Climeworks The U.S. Division of Vitality is investing as much as $1.2 billion in big vacuums that suck carbon out of the air in an effort to gradual international warming. So-called direct air seize, or DAC, is an rising know-how that has not scaled … Read more