What Happened at Aspen Aerogels' East Providence Facility

GM has partnered with Peak Energy to develop sodium-ion battery cells for grid-scale energy storage, not EVs. GM will develop the cells and retain manufacturing rights, while Peak integrates them. The companies aim to reduce energy storage costs by 20% and cut energy waste. GM Ventures led Peak's $108M Series B funding round, with plans to expand US manufacturing and fulfill $1B in orders.

General Motors (GM) will close its Brownstown Battery Assembly plant in Detroit by next summer, as its lease expires. The facility produced battery packs for the Cadillac Celestiq and Corvette E-Ray, as well as hydrogen fuel cells in a joint venture with Honda. GM is shifting production to other facilities and has incurred $11.2 billion in EV-related charges. The plant's closure is part of GM's adjusted EV strategy, responding to softer demand and regulatory changes.

General Motors (GM) stock fell 8% post-earnings despite beating EPS and revenue estimates. Analysts cut price targets citing cost pressures, with consensus EPS estimates declining. GM trades at a forward P/E of 5.4x, near fair value, with a $20B buyback program underway. Revenue growth has plateaued, and North America accounts for most operating profit.

GM reported $3.3B net income for Q3 and authorized a $20B share buyback. Its lending arm, GM Financial, increased its loan loss provisions by 39% to $340M, citing rising delinquencies. Ford and Stellantis also faced significant EV-related charges and financial strains in their lending arms.

General Motors (GM) terminated a long-term supply deal with VAC for EV magnets, leading to arbitration. VAC's U.S. unit seeks damages, claiming wrongful termination. The 2023 agreement was for a $500M South Carolina plant, with 90% output for GM. Energy Fuels, acquiring VAC, notes the dispute may affect the $1.9B deal. GM has scaled back EV sales amid reduced incentives.

GM terminated a supply agreement with e-VAC Magnetics, seeking arbitration. The dispute follows GM's broader EV pullback, including a $6B charge in January 2026. e-VAC, part of VAC, alleges wrongful termination and seeks damages. Energy Fuels, acquiring VAC, faces uncertainty due to the dispute.