Executives of a South Korean battery maker were apprehended at a construction site in Georgia, the company said. The episode prompted diplomatic concern in Seoul.
Electric models from the luxury car brand have been very successful, but they may struggle once a $7,500 federal tax credit ends next month.
A surge in high quality research and patent applications has cemented China’s dominance in the industry.
Ford, which once had a lead on other established automakers, said on Monday that it will use new materials and methods to lower the costs of electric vehicles.
Smothering electric vehicles might have been a regrettable mistake for a Republican to make 10 years ago. Today, it is economic idiocy.
Lyten will acquire German and Swedish factories built by Northvolt, which declared bankruptcy in March.
As the likes of Ford and Mercedes retreat, Great Wall Motor and BYD are building factories and bringing affordable EVs and hybrids to one of the world’s biggest markets.
The Commerce Department plans to impose a 93.5 percent levy on Chinese graphite, an essential ingredient in the batteries that power electric vehicles.
Beijing will now require government licenses for any effort to transfer abroad the technologies crucial for producing inexpensive electric cars.
Slight changes to the big budget bill left the factory’s tax credits intact, according to the carmaker, which will use the batteries to make more affordable electric vehicles.