The Biden administration has faced backlash in Europe and Asia over its plans to bolster electric vehicle and battery production.
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.
Competition, government incentives and falling raw material prices are making battery-powered cars more affordable sooner than expected.
Countries are pursuing new solutions to try to mitigate climate change. More trade fights are likely to come hand in hand.
Hanwha Qcells expects to make solar panels and their components in the United States to take advantage of President Biden’s climate policies.
Foreign-made cars no longer qualify. Tesla and G.M. should become eligible again. But officials are still working on the fine print.
Trump huffed and puffed; Biden is rewriting the rules.
The kingdom is working to keep fossil fuels at the center of the world economy for decades to come by lobbying, funding research and using its diplomatic muscle to obstruct climate action.
The president’s plans to bolster America’s electric vehicle and battery production have opened a rift in relationships in Asia and Europe.
The project also illustrates how difficult it is to get lithium out of the ground and break China’s dominance in processing the metal and turning it into batteries.