Electrification

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CAMBRIDGE, MA—Engineers at 24M Technologies Inc. have designed a battery that reduces the cost of manufacturing lithium-ion cells by up to 40 percent.

MUNICH—Caterpillar Inc. unveiled four prototype battery-powered machines at the Bauma trade show here.

CHARLESTON, SC—Bosch has started to mass-produce electric vehicle motors at its factory here.

APPLETON, WI—Pierce Manufacturing Inc.’s Volterra fire truck recently won the 2022 “Coolest Thing Made in Wisconsin” contest.

WINDSOR, CA— Ideanomics Inc. has opened a new assembly line at its factory here to produce the e25 Soletrac electric tractor.

PARIS—Valeo and TotalEnergies plan to develop a new way to cool electric vehicle batteries using a high-performance dielectric fluid.

GOODWOOD, England—Rolls-Royce Motor Cars Ltd. plans to produce a battery-powered luxury vehicle.

SPARTANBURG, SC—BMW Group plans to invest $1.7 billion in its U.S. operations, including $1 billion to prepare for the production of electric vehicles at its flagship factory here.

MARYSVILLE, OH—Honda Motor Co. plans to invest $700 million to retool three plants in Ohio for EV production.

Increased production of electric vehicles will drive future demand for copper, claims a recent study commissioned by the International Copper Association.