General Motors and other foreign automakers are selling fewer cars and losing lots of money in China, where domestic electric and hybrid cars have taken off.
LG Energy Solution will now solely own a factory in Michigan that it had planned to operate through a joint venture with General Motors.
Tariffs from the United States and other countries are unlikely to stop China’s auto export dominance.
Readers offer environmental and business reasons to support E.V.s. Also: Women in the military; the Amsterdam pogrom; resentment of migrants; true crime.
China’s electric vehicle market is the world’s largest — and also its most cutthroat, with dozens of brands jostling for position.
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.
Donald J. Trump promised to erase Biden tailpipe rules that are designed to get carmakers to produce E.V.s. But Detroit wants to keep them.
The American automaker said the cost-cutting measure would help it compete with Chinese rivals in the face of slowing demand for electric vehicles.
President-elect Donald J. Trump wants Congress to repeal a $7,500 electric vehicle tax credit. Doing so would hurt American automakers.
The new agreement builds on an earlier announcement in which the German automaker said it would invest up to $5 billion in Rivian, a maker of electric vehicles. The new venture brings them closer.