Two- and three-wheeled vehicles, used by billions of people, are moving away from fossil fuels to batteries faster than cars in countries that have made the energy transition a priority.
China misjudged the rapid expansion of its electric vehicle sector, leaving a shortfall of skilled technicians as young people shun manufacturing careers.
Some firms argue that a law aimed at popularizing electric vehicles risks turning the United States into an assembly shop for Chinese-made technology.
China and the U.S. both gained from their economic integration. As they pull apart, each is finding it will be hard to fully replace the other.
President Biden’s 2022 climate act spurred big investments in U.S. battery factories, but it has not similarly boosted E.V. sales.
America needs to invest in mining and build resilient supply chains for the building blocks of electric batteries.
The carmaker made less money in the third quarter as it cut car prices to attract buyers amid stronger competition.
Chinese electric vehicle companies like Nio are pulling ever further ahead, partly through government support but also rapid technological advances.
Firestorms over Chinese investments, like a battery factory in Green Charter Township, are erupting as officials weigh the risks of taking money from an adversary.
Analysts expected a decline in sales for the quarter. Still, the dip may raise concerns about flagging demand.