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Biden’s ‘poster child’ for US-made electric car batteries gets a new CEO

Our Next Energy (ONE)


Michigan-based EV battery startup ONE, Our Next Energy, has been touted as “a poster child” of President Biden’s agenda to wean the US off its dependence on China by building batteries in the US, and bringing a flood of new clean tech jobs with it. But after a wave of layoffs and a loss of funding, the company has announced a new CEO. It is replacing its CEO and founder Mujeeb Ijaz, known for his dazzling genius in the field of battery engineering, with a seasoned executive and board member.

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Michigan-based EV battery startup ONE cuts staff by 25%

Our Next Energy (ONE)


Michigan-based EV battery startup ONE, Our Next Energy, has cut its workforce by 25% due to market pressures. One of the many players in the race to develop an LFP battery pack on North American soil, ONE is one of the most valuable privately held companies in the US and plans to build a $1.6 billion gigafactory in Michigan.

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Stellantis plans deal with CATL for LPF batteries, new gigafactory

Stellantis-affordable-EVs


In the race to build small, more affordable electric vehicles to stave off fierce Chinese competition, Stellantis announced this morning that it has signed a broad preliminary joint venture with Chinese EV battery giant CATL. The plan involves buying and developing LFP batteries for the company’s small and mid-sized EVs in Europe. As part of the long-term deal, Stellantis – the parent company of Jeep, Fiat, Citreön, and Peugeot, among many more – is planning to build a new gigafactory in Europe to manufacturer LPF batteries.

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