Category: Electric and Hybrid Vehicles

Lawmakers Rebuke Biden for Bypassing Congress in Deal With Japan

The New York Times – Business:
The Democratic lawmakers called the Biden administration’s limited trade deal “unacceptable,” saying it should have been made available to Congress and the public for review.
Germany and E.U. Agree to Exception in Planned Ban on Combustion Engines

The New York Times – Business:
Berlin has been pushing to allow the sale of vehicles running on synthetic fuels past 2035. Its dispute with the E.U. threatened the bloc’s climate goals.
LG Will Spend $5.5 Billion on a Battery Factory in Arizona

The New York Times – Business:
Investment plans for U.S. battery production have increased since President Biden signed a law that offers generous incentives for electric cars and green energy.
Germany Pushes for Exception in Law Banning Combustion Engines

The New York Times – Business:
Berlin and Brussels are scrambling for a solution after Germany calls for allowing cars to run on synthetic fuels. The move could endanger the E.U.’s climate goals.
Falling Lithium Prices Are Making Electric Cars More Affordable

The New York Times – Business:
An unexpected decline in the price of an essential battery material, along with those of other commodities, is good news for buyers. But experts disagree on how long low prices will last.
A Hungarian Town Seethes Over a Giant Chinese Battery Plant

The New York Times – Business:
A $7.8 billion factory planned by a Chinese company in eastern Hungary has become divisive even within the party of Prime Minister Viktor Orban, who championed it.
Volkswagen Will Invest $193 Billion in Electric Cars and Software

The New York Times – Business:
The German automaker announced a plan to accelerate its transition to battery-powered vehicles and bolster operations in China and North America.
Biden and E.U. Leader to Discuss Ukraine and Trade Spat

The New York Times – Business:
President Biden and the European Commission president are set to discuss how to effectively counter Russia and a potential trade deal for electric vehicles.
U.S. and Europe Angle for New Deal to Resolve Climate Spat

The New York Times – Business:
American and European officials are trying to reach agreement on the outlines of a limited trade deal that could help resolve a major rift over America’s new climate legislation.
Tesla Could Start Making Cars in Mexico Next Year, Governor Says

The New York Times – Business:
The governor of Nuevo León said a Tesla official had told him that the company’s plant there would be among its biggest and go up in record time.
Tesla to Unveil New ‘Master Plan’ in Bid to Regain Momentum

The New York Times – Business:
Elon Musk is expected to announce plans for a new factory in Mexico and an array of other measures to win back investors’ favor.
Rivian Lost $6.8 Billion Last Year as Production Fell Short

The New York Times – Business:
The maker of electric trucks said it expected to double production in 2023 as the supply of parts became more reliable.