Honda and LG will jointly build a U.S. battery plant.
The announcement comes as the auto industry ramps up its efforts to switch to electric vehicles.
California E.V. Mandate Finds a Receptive Auto Industry
The move to phase out gasoline-powered cars, with other states expected to follow, matches automakers’ plans. The challenge will be making it happen.
Ford to Cut 3,000 Jobs to Reduce Costs in Transition to Electric Vehicles
The automaker said the move was needed to be competitive and reallocate resources.
Rivian Lost $1.7 Billion in the Second Quarter
The maker of electric pickup trucks, vans and sport-utility vehicles increased its production forecast for the year, but only slightly.
Ford Raises Prices of F-150 Lightning Electric Truck
Demand for electric vehicles has been far stronger than the supply of battery materials like lithium, nickel and cobalt.
G.M. Profit Falls 40 Percent as Costs Rise and Chips Are Lacking
The automaker reaffirmed its forecast for earnings for the full year.
Ford increases its battery supply to meet its electric-vehicle goals.
The automaker said it had reached deals to acquire more battery packs in its push to produce 600,000 electric vehicles a year by the end of 2023.
Ford Quarterly Sales Were Up Slightly From Last Year
The automaker sold 483,688 vehicles in the United States in the second quarter.
Ford recalls 2.9 million vehicles over a flaw in securing the gear shift in park.
Regulators said 1 percent of the vehicles recalled could have the defect. The products affected include 1.7 million Escape S.U.V.s.
Auto Safety Agency Expands Tesla Investigation
NHTSA will take a broad look at whether the electric carmaker’s driver-assistance system can increase the risk of crashes.