Beijing gave CATL lavish subsidies, a captive market of buyers and soft regulatory treatment, helping it to control a crucial technology of the future.
Senator Joe Manchin III noted climate policy when he said he would vote against the Build Back Better Act. In his life and career, West Virginia coal has loomed large.
Under the new plan, designed to reduce planet-warming tailpipe emissions, new vehicles would be required to average 55 miles per gallon starting in 2026.
The company, which began trading on the stock exchange last month, said it lost $1.2 billion in the third quarter.
Los gigantes industriales chinos y rusos tratan de aprovechar los depósitos de minerales indispensables para los automóviles eléctricos. Un empresario de EE. UU. tiene su propia estrategia: la paciencia.
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.