Ford, General Motors and others are striking deals with mining companies to avoid raw material shortages that could thwart their electric vehicle ambitions.
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.
Domestic companies are now selling more vehicles than their multinational rivals, which have failed to keep up with Chinese consumers’ demand for electric cars and S.U.V.s.
A $7.8 billion factory planned by a Chinese company in eastern Hungary has become divisive even within the party of Prime Minister Viktor Orban, who championed it.
The German automaker, which has made cars in the state for decades, has invested $1 billion in a factory to supply the power for electric vehicles.
Los gigantes industriales chinos y rusos tratan de aprovechar los depósitos de minerales indispensables para los automóviles eléctricos. Un empresario de EE. UU. tiene su propia estrategia: la paciencia.
Chinese and Russian industrial giants seek to tap mineral deposits vital to electric cars. A Texas entrepreneur has his own strategy: the long game.