Chinese and Russian industrial giants seek to tap mineral deposits vital to electric cars. A Texas entrepreneur has his own strategy: the long game.
The company’s Lexus brand will only sell electric cars by 2030 in China, Europe and the United States.
It may not be cheap, but swapping the combustion engine in your car for an electric one is getting easier.
The company will make electric pickups at an existing plant and batteries at a factory built with a partner, a person with knowledge of the plan said.
Herbert Diess, who angered workers by mentioning the possibility of job cuts, will hand over some authority to a deputy.
The chip maker’s Israeli subsidiary builds driver-assistance technology for major automakers and is now testing self-driving cars.
The electric car company is helping Chinese companies become global players in the emerging industry, posing a competitive threat to traditional rivals.
But challenges await, including technical issues, regulatory barriers and many miles of highway.
Herbert Diess, the chief executive, seeks to cast VW as a dynamic, modern company, but his style risks the ire of its powerful works council.
Americans failed to safeguard decades of diplomatic and financial investments in Congo, where the world’s largest supply of cobalt is controlled by Chinese companies backed by Beijing.