LG Energy Solution will now solely own a factory in Michigan that it had planned to operate through a joint venture with General Motors.
Category: Factories and Manufacturing
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Stellantis and Samsung Will Get $7 Billion to Build Battery Factories
The loan, from the Biden administration, was designed to withstand Republican attacks and will be used to make electric-car batteries in Indiana.
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Volkswagen Says It Is Exiting China’s Xinjiang Region After 12 Years
VW and its joint venture partner, SAIC Motor, are transferring an assembly plant and test tracks after years of criticism from human rights activists.
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Mexican President Mulls Retaliatory Tariffs After Trump’s Threats
President Claudia Sheinbaum responded to President-elect Trump’s threat to impose high tariffs, saying such a move would inflict damage on both countries.
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Trump’s Tariffs Would Deal a Big Blow to the Auto Industry
Automakers and parts suppliers would struggle if President-elect Donald J. Trump followed through on his threat to impose 25 percent tariffs on imports from Canada and Mexico.
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EV Projects to Get $13 Billion in Federal Loans
The financing for a factory in Georgia is part of a last-minute effort to establish climate policies before President-elect Donald J. Trump takes office.
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How Trump Could Upend Electric Car Sales
Fewer people will be able to afford electric cars and trucks if President-elect Donald J. Trump and Republicans in Congress eliminate a $7,500 federal tax credit.
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Washington Curtails Intel’s Chip Grant After Company Stumbles
The Biden administration is reducing its award to the pioneering chip maker to less than $8 billion, from $8.5 billion.
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Trump’s Trade Agenda Could Benefit Friends and Punish Rivals
Donald Trump has a record of pardoning favored companies from tariffs. Companies are once again lining up to try to influence him.
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What Elon Musk Needs From China
From electric cars to solar panels, Mr. Musk has built businesses in high-tech manufacturing sectors now targeted by Beijing for Chinese dominance.
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Northvolt, Europe’s Hope for a Battery Champion, Files for Bankruptcy
The company’s woes are symptomatic of a wider malaise among companies that make batteries for electric vehicles.