Accelera by Cummins’ Post

What a historic week. This year for the first time ever US electric vehicle sales surpassed 1 million. Over the last two years spurred by the #bipartisaninfrastructurelaw, the work of the private sector and the The White House U.S. Department of Energy (DOE) Joint Office of Energy and Transportation U.S. Department of Transportation we have seen domestic manufacturing and supply chain's grow with over $500 million invested in more than 40 American-made #evcharging facilities, and the EV sector creating 212,000 EV industry jobs. At Siemens we are excited to do our part opening our second EV charging #manufacturing facility in Texas which is focused on Buy-American products. 📣 Huge shoutout to all of the electrification and manufacturing organizations who are continuing to drive meaningful policy in D.C. and across the U.S. Zero Emission Transportation Association Electrification Coalition CALSTART Ceres, Inc. National Electrical Manufacturers Association (NEMA) National League of Cities

Today we will talk about General Electric, whose stock has been one of the growth leaders over the past 3 months. During this period, General Electric stock has risen by +49.2%. At the same time, the industrial sector, to which the company belongs, grew by +10.1%, and the S&P 500 index by +7.2%. As you can see, General Electric shares show better returns than the sector average. General Electric is a global leader in the development and production of aircraft engines. The company services about 70k engines for private and government customers in 160 countries, such as Airbus and Boeing. The company has 59 plants in the US and 102 in other countries. The company operates in the industrial conglomerates industry. It was founded in 1892. In 1896, it was listed on the NYSE, and in 1957 it was included in the S&P 500 index. For the past 6 years, the company has been led by Lawrence Culp and a team of experienced managers. The main competitors of General Electric are Honeywell International, TransDigm Group and Roper Technologies. As we can see from the table above, it is ahead of its competitors in terms of capitalization, as the company has a number of competitive advantages. General Electric's strengths are based on its market positioning. About 50% of all Boeing 777 aircraft engines are manufactured and serviced by the company. The company also supplies engines to Boeing's competitor Airbus, namely for the new A320neo model and other aircraft. One of the most promising segments is defense contracts, which has grown by +14.6% over the past 5 years. And in October 2023, the first 2 T901 engines for a new generation fighter prototype were accepted by the US Department of Defense. General Electric published its latest report on January 23. 74% of the revenue structure is made up of manufacturing costs and 26% of gross revenue. Over the past quarter, the company made a profit of $1.5B. Its market capitalization is now $172B. * This is not an investment recommendation. It is up to each individual to decide which criteria to favor when making an investment decision, taking into account their goals and individual risk tolerance. https://lnkd.in/dRdZHG_a

As the energy landscape evolves, the Eagle Ford region continues to play a crucial role. Despite a notable 21% decline in rig counts, production levels remained relatively stable, thanks to strategic use of DUCs and technological advancements. Explore how Eagle Ford is navigating these changes and positioning itself for future growth. https://lnkd.in/g-bNs6dq | #energy #eagleford #oilproduction #technology

My co-authors, Erik Vasilauskas and Dakota McCracken, and I just posted a report on the Upjohn Institute website that projects the demand for occupations related to lithium-ion battery production as part of the once-in-a-lifetime transition to EV vehicles. Although many factors may affect the timing of this transition, our work points to the kinds of occupations that will be in demand and the education and training requirements that will be needed for them. https://lnkd.in/exebtWZ8 Mike Morrissey Justin Carinci Gabriel Ehrlich Aaron Sojourner

The electric vehicle (EV) industry is poised for significant expansion over the next decade, with job opportunities proliferating across a range of sectors from design and development to manufacturing and infrastructure. Analysts from the U.S. Bureau of Labor Statistics forecast substantial growth in EV-related jobs, driven by increasing EV sales, advancements in battery technology, and supportive legislation such as the Bipartisan Infrastructure Law and the Inflation Reduction Act. 🔌 Significant growth in various EV-related jobs, including software developers, electrical engineers, and construction workers, with competitive salaries and varying educational requirements. 🔌 Legislative support and technological advancements are propelling the expansion of the EV market, with the U.S. aiming for a major shift to electric vehicles in response to environmental challenges. 🔌 A comprehensive plan to expand EV charging infrastructure is in place, ensuring the development of a robust network to support the growing number of EV drivers. To explore how these developments can enhance your company's recruitment and hiring strategies in the EV sector, set up some time with me (Adam Tucker) to solidify your hiring plan. >> https://lnkd.in/gzXDTHvd https://lnkd.in/gix2aJFp

At Edison, we understand the complexities of specialized component assembly. Our agile manufacturing solutions cater to the specific needs of complex mobility and energy products, ensuring high quality in tandem with efficiency. We excel in navigating the intricacies of specialized manufacturing, delivering your projects with capital efficiency, speed, and undeniable quality. #contractmanufacturing #mobility #quality

𝐆𝐞𝐧𝐞𝐫𝐚𝐥 𝐌𝐨𝐭𝐨𝐫𝐬 𝐈𝐧𝐯𝐞𝐬𝐭𝐬 $𝟗𝟎𝟎 𝐌𝐢𝐥𝐥𝐢𝐨𝐧 𝐭𝐨 𝐓𝐫𝐚𝐧𝐬𝐟𝐨𝐫𝐦 𝐌𝐢𝐜𝐡𝐢𝐠𝐚𝐧 𝐏𝐥𝐚𝐧𝐭 𝐟𝐨𝐫 𝐄𝐕 𝐏𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐨𝐧 𝐒𝐮𝐛𝐬𝐭𝐚𝐧𝐭𝐢𝐚𝐥 𝐆𝐨𝐯𝐞𝐫𝐧𝐦𝐞𝐧𝐭 𝐒𝐮𝐩𝐩𝐨𝐫𝐭 𝐟𝐨𝐫 𝐄𝐕 𝐓𝐫𝐚𝐧𝐬𝐢𝐭𝐢𝐨𝐧 General Motors (GM) plans to invest at least $900 million to retool its Lansing Grand River Assembly Plant in Michigan for electric vehicle (EV) production, announced Energy Secretary Jennifer Granholm on Thursday. The transformation will be significantly supported by $500 million in government grants, part of a broader effort to modernize the auto industry. 𝐑𝐞𝐚𝐝 𝐌𝐨𝐫𝐞: https://lnkd.in/gAefq8UX #GeneralMotors #EVproduction #MichiganPlant #investment #automotiveindustry #sustainability #manufacturing #electricvehicles #innovation #futureofmobility #jobcreation #economicdevelopment #solutionsforclimatechange #cleanenergy #greeninitiatives #technology #progress #transformation #Michiganjobs #investintheworldweinhabit  #Investment #PlantSetup #NewsandUpdates #USA

Always lovely to see a post from Aggregates Business Magazine! Check out this article!

This is a very interesting article - with an interactive map! - that shows the expansion in investment for electric vehicle buildout since the passing of the Bipartisan Infrastructure Act and Inflation Reduction Act. “EV investment in factories and battery facilities totaled $154 billion since 2010, across 319 facilities. The vast majority of this spending came after 2021, when the Bipartisan Infrastructure Act was signed, and in 2022 and 2023 following passage of the IRA. Of the $154 billion of spending announced, $124 billion has come since the start of 2021. Of the companies hiring the most in the EV space since 2010, Tesla leads the pack with 28,500 announced hires, followed by Ford (13,800), Rivian (RIVN) (13,700), LG (11,300), and Hyundai (11,100).”

The U.S. Department of Energy (DOE) has introduced new Battery Workforce Initiative (BWI) guidelines to enhance the domestic EV battery manufacturing workforce. This strategic initiative comes amidst a surge in EV sales and the proliferation of battery facilities, with nearly 300 new or expanded facilities announced since the start of Joe Biden’s presidency. #BatteryProduction #ElectricVehicles #EVs #BatteryManufacturing https://bit.ly/3vznPHG