General Motors (NYSE: GM) Announces Saturday Joint Venture To Open $2.3 Billion Second Electric EV Battery Plant With LG Chem, Among World’s Largest EV Battery Makers, Driving EV Charging Stations; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Grows Its EV Division Footprint

 In NASDAQ: BLNK, NASDAQ: CSIQ, NASDAQ: FSLR, NASDAQ: IDEX, NASDAQ: ROCK, NASDAQ: RUN, NASDAQ: SEDG, NASDAQ: SPWR, NASDAQ: TSLA, NYSE: GM, NYSE: SPRQ

On Saturday (April 17, 2021), General Motors (NYSE: GM) announced it was entering a joint venture one of the world’s largest battery makers, EV Chem, to build a $2.3 billion second battery plant for EV vehicles in Spring Hill, Tenn. The facility, scheduled to open in late 2023, will service GM’s EV car assembly plant in Spring Hill, Tenn.  The move reinforces GM’s commitment to EV. Solar Integrated Roofing Corp. (OTC PINK: SIRC) is growing its EV Charging Station footprint.

stockmarketpress.com features specialized coverage of related stocks in the solar, roofing, EV charging stations and battery charging energy industry such as Solar Integrated Roofing Corp. (OTC PINK: SIRC), Sunrun, Inc. (NASDAQ: RUN), Blink Charging Co. (NASDAQ: BLNK), Tesla, Inc. (NASDAQ: TSLA), GM (NYSE: GM), SolarEdge Technologies, Inc. (NASDAQ: SEDG), First Solar, Inc. (NASDAQ: FSLR), SunPower (NASDAQ: SPWR), Gibraltar Industries, Inc. (NASDAQ: ROCK), Spartan Acquisition Corp. II (NYSE: SPRQ). and Canadian Solar Inc. (NASDAQ: CSIQ).

General Motors (NYSE: GM) Announces Saturday Joint Venture To Open $2.3 Billion Second Electric EV Battery Plant With LG Chem, Among World’s Largest EV Battery Makers, Driving EV Charging Stations; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Grows Its EV Division Footprint

The new joint venture battery plant from General Motors (NYSE: GM) would make batteries for electric vehicles — Korean-based LG, part of a conglomerate, is one of the largest battery makers for electric vehicles. GM and LG are scheduled to open the 2.8 million sq. ft. plant in late 2023 and would supply batteries for cars from GM’s Spring Hill assembly plant, the Wall Street Journal reports.  General Motors (NYSE: GM) Announces Saturday Joint Venture To Open $2.3 Billion Second Electric EV Battery Plant With LG Chem, Among World’s Largest EV Battery Makers, Driving EV Charging Stations; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Grows Its EV Division Footprint.

Rebate And Tax Credits Will Grow EV Sales And Trigger Need For More EV Charging Station Ports

Rebates and tax credits will be increasingly used by the U.S. government to grow the EV vehicle population in the nation — which, in turn, will trigger the need for more EV Charging Port Stations. Currently, EV vehicles represent only 2% of all new cars sold in the U.S. — far lower than China and Europe. President Biden foresees a need for 500,000 EV Charging Stations and it committed to creating a government fleet of 600,000 EV vehicles.

As part of the infrastructure package, Biden has included in that spending package some $174 billion for EV vehicles. Already, EV vehicle buyers can receive $7,500 in tax credits per car. Biden will sweeten that with more rebates to spur EV car sales in the future.  General Motors (NYSE: GM) Announces Saturday Joint Venture To Open $2.3 Billion Second Electric EV Battery Plant With LG Chem, Among World’s Largest EV Battery Makers, Driving EV Charging Stations; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Grows Its EV Division Footprint.

General Motors (NYSE:  GM) new joint venture move with LG to build a second battery plant for its future EV cars near an assembly plant in Tennessee reinforces the future of EV. Solar Integrated Roofing Corp. (OTC PINK: SIRC) has established a dedicated EV Charging Station division, as it has a focus on clean energy growth and sees the potential of EV charging — both at residences and commercially. Some 80% of all EV charging is done in residences at home today — and associations in the field do not expect that number to change in the future.

EV vehicle owners wish to charge their cars fully at home. There is a developing market for residential and public (commercial) EV Charging port stations as drivers grow more confident that EV charging ports are readily available both at home and on the road during longer trips. General Motors (NYSE: GM) Announces Saturday Joint Venture To Open $2.3 Billion Second Electric EV Battery Plant With LG Chem, Among World’s Largest EV Battery Makers, Driving EV Charging Stations; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Grows Its EV Division Footprint.

SIRC Focuses On Green Energy Growth

Clean green energy is a focus of SIRC as it continues to grow fast primarily by acquisitions. Solar Integrated Roofing Corp. (OTC PINK: SIRC) is growing fast in solar primarily through company acquisitions.The most recent was East Coast based and five-state operational Cornerstone Construction which makes SIRC a national brand. Cornerstone Construction is a solar and roofing solutions provider.  General Motors (NYSE: GM) Announces Saturday Joint Venture To Open $2.3 Billion Second Electric EV Battery Plant With LG Chem, Among World’s Largest EV Battery Makers, Driving EV Charging Stations; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Grows Its EV Division Footprint.

SIRC earlier closed on its purchase of another established clean energy renewable solar installer, Enerev LLC. To learn more, go to https://www.enerevsolar.com/getting-started. SIRC also reached agreement with Solectrac, Inc., an all-electric tractor developer and manufacturer located in Northern California. That company is now 24% owned by Ideanomics (NASDAQ: IDEX). and Solectrac is an applicant for a $500 million USTDA grant.  Solar Integrated Roofing Corp. (OTC PINK: SIRC) is growing Its solar Green Energy footprint both in residential rooftop installations and solar-generated energy storage as a certified Tesla (NASDA: TSLA) Powerwall battery installer.

SIRC Forecasts Annual Run Rate Will Reach $100 Million

Solar Integrated Roofing Corp. (OTC PINK: SIRC) is focused on growing in clean energy and particularly solar and EV battery energy storage. SIRC has been on an acquisition spree and David Massey, CEO, predicted it will eventually reach its annual run rate to $100 million annually — representing a monthly volume of $8-$9 million monthly. Massey said, “It doesn’t mean we‘ve done $100 million, but that we’re doing $8-$9 million monthly.”

Learn more about SIRC at https://www.solarintegratedroofing.com/corporate-governance/leadership/.

Source: Stock Market Press

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