The European Union is trying to assemble the building blocks to produce electric cars, but subsidies are luring companies to the United States.
Category: Factories and Manufacturing
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Hyundai and LG Plan $4.3 Billion Battery Plant in Georgia
The facility is the second battery project under development in the state by Hyundai Motor Group and may bring 3,000 jobs.
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Silicon Valley Chosen for $4 Billion Chip Research Center
Anticipating federal subsidies, Applied Materials said it planned to invest up to $4 billion in the semiconductor project in Sunnyvale, Calif.
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U.S. Semiconductor Boom Faces a Worker Shortage
Strengthened by billions of federal dollars, semiconductor companies plan to create thousands of jobs. But officials say there might not be enough people to fill them.
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G7 Countries Borrow China’s Economic Strategy
Wealthy democracies rev up an effort to spend trillions on a new climate-friendly energy economy, while stealing away some of China’s manufacturing power.
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An Automaker Has a Stark Warning for the U.K. Car Industry
Stellantis said post-Brexit export rules and the lack of a domestic battery manufacturer could force it to close its plants in Britain.
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Brooklyn’s Batcave Reborn as Gotham’s Art Factory
A philanthropist spent $180 million to transform a relic of Gowanus’s industrial past into Powerhouse Arts, equipped to produce the art of the future.
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Drug Shortages Near an All-Time High, Leading to Rationing
A worrisome scarcity of cancer drugs has heightened concerns about the troubled generic drug industry. Congress and the White House are seeking ways to address widespread supply problems.
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U.S. Solar Makers Criticize Biden’s Tax Credits as Too Lax on China
U.S.-based manufacturers of solar products say rules issued by the Biden administration on Friday will “cement China’s dominance” over the solar industry
