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GOP reps, senator call on Dept. of Homeland Security to shut out two companies they say use slave labor.
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Deal allows minerals sourced from Japan in manufacture of batteries as US seeks similar measures in Europe.
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Toyota Motor Corp’s next chief executive, Koji Sato, is calling for an “EV-first mindset” for the Japanese automaker.
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General Motors Co. posted a $2 billion net profit in the fourth quarter finishing the year strong despite supply chain struggles, record prices and other disruptors.
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As of January 1, consumers can lease electric vehicles and qualify for up to $7,500 in commercial clean vehicle tax credits.
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The new facility will employ 1,500 people and produce enough cathode and anodes components to supply 1 million EVs annually.
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Vietnamese EV-maker has filed for IPO to fund a manufacturing plant in North Carolina with a projected capacity of 150,000 EVs a year.
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The Vietnamese automaker has shipped 999 cars to the United States. The vehicles are expected to arrive in December.
Read More →Hyundai may not maintain its EV sales momentum if it can no longer qualify for U.S. tax credits under the Biden Administration’s Inflation Reduction Act.
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Stellantis is negotiating a third electric vehicle battery plant to come online in 2026, reports Stellantis CEO Mark Stewart.
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