The spotlight at the Munich auto show this year is swinging back to BMW, Mercedes and Volkswagen after previously focusing on Chinese automakers.
The oil giant said Tuesday that it was acquiring assets from a Chicago company as it looks to start producing graphite, a key battery ingredient, by the end of the decade.
The shocked but subdued reaction to the arrest of hundreds of Koreans at the site reflected the delicate position of a government engaged in tense trade talks with the Trump administration.
Electric models from the luxury car brand have been very successful, but they may struggle once a $7,500 federal tax credit ends next month.
But automakers can’t absorb the cost forever and will soon begin to raise new car prices, analysts say.
The company estimated that duties on imported cars and car parts would cost it $2 billion this year.
Las subvenciones, la hidroelectricidad y un vecino que es una potencia manufacturera están haciendo que los coches eléctricos lleguen a Nepal más rápido que a casi ningún otro lugar.
Subsidies, hydroelectricity and a manufacturing powerhouse neighbor are moving the cars into Nepal faster than almost anywhere else.
A joint statement promised new efforts to cut emissions at a time when China is positioning itself as the world’s one-stop shop for clean energy technologies.
Elon Musk has said that robotaxis are the company’s future, but most revenue still comes from cars.
General Motors was the second auto company this week, after Stellantis, to show the toll that President Trump’s trade policies are taking on the industry.
The Chinese government is taking steps to rein in what it calls “involution,” or excessive competition that is hurting local companies and fueling the country’s deflationary spiral.
As the likes of Ford and Mercedes retreat, Great Wall Motor and BYD are building factories and bringing affordable EVs and hybrids to one of the world’s biggest markets.
The Commerce Department plans to impose a 93.5 percent levy on Chinese graphite, an essential ingredient in the batteries that power electric vehicles.
Ford Motor said it would open a new plant in Michigan that could become ineligible for federal incentives under a policy bill championed by President Trump and passed by the House.
BYD and other companies doubled their share of the car market after the European Union imposed higher tariffs on electric vehicles from China.
Battery companies are slowing construction or reconsidering big investments in the United States because of tariffs on China and the proposed rollback of tax credits.
The storied sports car maker, which was facing challenges from China and slumping demand for electric cars, now has to grapple with tariffs from the Trump administration.
Domestic factories that make batteries to store power to meet America’s rising energy demand depend on Chinese components and federal subsidies.
The measure, passed by the House, would roll back incentives for people to buy electric vehicles and for automakers to make them in the U.S.