British Battery Start-Up Files for Bankruptcy
The failure of Britishvolt is a blow to Britain’s plans to promote the manufacture of electric cars, and threatens the future of its automotive industry.
Korean Solar Company Plans to Build $2.5 Billion Plant in Georgia
Hanwha Qcells expects to make solar panels and their components in the United States to take advantage of President Biden’s climate policies.
Tesla Sales in China Slump as Competition Intensifies
Worry about the carmaker’s sales in the world’s largest car market is one reason the shares have plunged.
Tesla Car Sales Rose 18% in Last Quarter
The company’s rapid growth is expected to ease as the economy slows and demand for its electric cars weakens.
Jeep Plant Shutdown Imperils Illinois Town and 1,350 Workers
Stellantis plans to idle the factory, which makes the Cherokee, as it shifts to electric vehicles. Labor talks and a union election may be affected.
Electric Cars Are Taking Off, but When Will Battery Recycling Follow?
Many companies and investors are eager to recycle batteries but it could take a decade or more before enough used lithium-ion batteries become available.
Workers at E.V. Battery Plant in Ohio Vote to Unionize
The result, at a plant owned by General Motors and a South Korean company, is a milestone for the auto union in organizing electric vehicle workers.
Lucid Said It Will Raise Up to $1.5 Billion in Capital
The electric carmaker made the announcement on the same day it reported losing $670 million in the third quarter.
E.V.s Start With a Bigger Carbon Footprint. But That Doesn’t Last.
The manufacturing and disposal of electric vehicles result in more greenhouse gases than nonelectric models, but that difference will eventually disappear altogether.
Tesla’s Profit Jumped in Third Quarter on Strong Sales
The electric carmaker is growing fast but investors are worried that sales are starting to slow because of higher prices and interest rates.