The German automaker lowered its outlook for deliveries and announced changes to its China strategy as it struggles to regain ground lost to other automakers.
Elon Musk’s electric car company is facing intensifying competition from newer Chinese automakers and established Western car companies.
The European Union is trying to assemble the building blocks to produce electric cars, but subsidies are luring companies to the United States.
A medida que el mundo cambia a fuentes de energía más limpias, el control sobre los materiales necesarios para impulsar esa transición sigue en disputa.
The United States is entering an array of agreements to secure the critical minerals necessary for the energy transition, but it’s not clear which of the arrangements can succeed.
Although China is investing less in Europe overall, Chinese battery producers are building factories to meet the demands of the region’s growing need for electric vehicles.
Competition, not cooperation, has driven the bulk of climate progress over the past few years.
The Biden administration hopes its guidelines for up to $7,500 in tax credits will encourage automakers to reduce their reliance on China for batteries and raw materials.
The global competition to attract semiconductor companies is expected to cost Berlin billions. Some wonder if it’s a good use of money.
Berlin has been pushing to allow the sale of vehicles running on synthetic fuels past 2035. Its dispute with the E.U. threatened the bloc’s climate goals.