How China’s CATL Became the Top Electric Car Battery Maker
Beijing gave CATL lavish subsidies, a captive market of buyers and soft regulatory treatment, helping it to control a crucial technology of the future.
Rivian Plans to Spend $5 Billion on a Second EV Plant in Georgia
The company, which began trading on the stock exchange last month, said it lost $1.2 billion in the third quarter.
GM’s EV Efforts Reportedly Include a Bigger Michigan Presence
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.
Toyota will spend $1.3 billion on a N.C. electric car battery plant.
The plant, which will employ 1,750 people, will be located outside of Greensboro.
How Tesla Helps China’s Firms Compete With the U.S.
The electric car company is helping Chinese companies become global players in the emerging industry, posing a competitive threat to traditional rivals.
Ford and Rivian no longer plan to work jointly on electric vehicles.
Ford remains an investor, but its own E.V. development plans have progressed since the partnership was announced.
Tesla Earned $1.6 Billion in Third Quarter as Car Sales Surged
The automaker also reported a big jump in revenue, to $13.8 billion from $8.8 billion a year ago, as sales of the Model Y continue to rise.
LG to Pay G.M. $1.9 billion for Battery Flaw That Led to Bolt Recall
General Motors has recalled 141,000 Bolts to replace battery packs that can catch on fire because of manufacturing defects.
Lordstown Motors Will Work With Foxconn, a Contract Manufacturer
The deal could result in the sale of the struggling automaker’s Ohio factory to Foxconn. Lordstown is under federal investigation and needs more cash to mass-produce an electric pickup truck.
Ford Will Build 4 Factories in a Big Electric Vehicle Push
The automaker and a supplier will spend $11.4 billion on three battery factories and a truck plant, creating 11,000 jobs.