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.
Trump’s fixation on tariffs while he undermines America’s competitive strengths is hastening the onset of the “Chinese Century.”
Trump’s fixation on tariffs while he undermines America’s competitive strengths is hastening the onset of the “Chinese Century.”
Slate Auto, a start-up backed by Jeff Bezos, plans to sell a small, spartan electric truck that comes with no paint, stereo or touch-screens.
President Trump’s trade war again tests Canada’s new government. Honda is also canceling plans for a major electric vehicle factory in Canada.
The shipping industry is pushing to decarbonize, and exploring cargo ships powered by wind, as it confronts President Trump’s tariffs.
The shipping industry is pushing to decarbonize, and exploring cargo ships powered by wind, as it confronts President Trump’s tariffs.
Ford Motor also reported a sharp drop in profits in the first three months of the year.
Tariffs on imported parts will have a broad impact because all vehicles use components made abroad.