Its battery supply chain runs through China, and that’s not changing any time soon.
Ford, G.M. and Mercedes agreed to work toward selling only zero-emissions vehicles by 2040. But Toyota, Volkswagen and Nissan-Renault did not join the pledge.
Ford, G.M. and Mercedes agreed to work toward selling only zero-emissions vehicles by 2040. But Toyota, Volkswagen and Nissan-Renault did join the pledge.
The company updated registration documents with the Securities and Exchange Commission on Monday.
Amid a shortage of new cars, many buyers have been forced to kick the tires of overlooked models and brands.
The company, which is backed by Amazon and Ford, is seeking to sell shares in one of the biggest initial public offerings of the year.
The automaker and a supplier will spend $11.4 billion on three battery factories and a truck plant, creating 11,000 jobs.
Vehicle makers shy away from traditional materials that are hard to recycle, like leather and plastics, and look to repurpose alternatives that still convey quality.
Small trucks from Ford and Hyundai are joining a growing field of electric models as America’s go-to vehicle adapts to an evolving market.
A push to increase sales of electric vehicles favors companies that already have all-electric cars on the market and could penalize those that don’t.