{"id":579438,"date":"2010-05-26T10:23:35","date_gmt":"2010-05-26T14:23:35","guid":{"rendered":"http:\/\/www.egmcartech.com\/?p=57593"},"modified":"2010-05-26T10:23:35","modified_gmt":"2010-05-26T14:23:35","slug":"magna-planning-battery-factory-for-evs-in-u-s-europe","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/579438","title":{"rendered":"Magna planning battery factory for EVs in U.S., Europe"},"content":{"rendered":"
\"\"<\/p>\n

Magna Milan EV Concept<\/p>\n<\/div>\n

Battery manufacturers are all scurrying to secure for themselves, a relevant role in the impending boom in electric vehicles. Magna International Inc., is one such company; the Canadian company is actively seeking locations to produce batteries for electric vehicles.<\/p>\n

CEO Siegfried Wolf has said that $200-$300 million has been earmarked for each of two factories; one in the U.S. and one in Europe.<\/p>\n

Magna started a new business earlier in the year whereby they will focus exclusively on electric cars, producing battery units as well as complete vehicles. The company’s E-car business is a joint venture with Magna’s founder Frank Stronach and is part of a deal that will reduce his direct influence on Magna.<\/p>\n

<\/span><\/p>\n

Wolf said that the decision about where to build the battery factories would come by year\u2019s end. He said the company will begin serial car production in 2012 or 2013.<\/p>\n

– By: Stephen Calogera<\/em><\/p>\n

Source: Automotive News <\/a>(Subscription Required)<\/p>\n

<\/img><\/a>
\n<\/img><\/a><\/p>\n

\n<\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Magna Milan EV Concept Battery manufacturers are all scurrying to secure for themselves, a relevant role in the impending boom in electric vehicles. Magna International Inc., is one such company; the Canadian company is actively seeking locations to produce batteries for electric vehicles. CEO Siegfried Wolf has said that $200-$300 million has been earmarked for […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-579438","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/579438","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=579438"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/579438\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=579438"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=579438"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=579438"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}