Factories and Manufacturing – Page 21

Volkswagen Will Invest $193 Billion in Electric Cars and Software

The German automaker announced a plan to accelerate its transition to battery-powered vehicles and bolster operations in China and North America.

The governor of Nuevo León said a Tesla official had told him that the company’s plant there would be among its biggest and go up in record time.

Elon Musk is expected to announce plans for a new factory in Mexico and an array of other measures to win back investors’ favor.

The maker of electric trucks said it expected to double production in 2023 as the supply of parts became more reliable.

Workers backing a push for better wages and working conditions were among those illegally laid off, members told the National Labor Relations Board.

The automaker cited a potential problem with the battery pack of the F-150 Lightning but said it was unaware of any incidents “in the field.”

Ford’s $3.5 billion plant in Michigan will draw on technology from CATL, a Chinese company that is the world’s No. 1 maker of electric-car batteries.

If it fails or misfires, then it will greatly limit the number of tools to fight climate change or a recession.

Competition, government incentives and falling raw material prices are making battery-powered cars more affordable sooner than expected.

The loan will help accelerate Redwood Materials’ plans to produce components for electric car batteries from new and recycled sources.