Automakers Drive Up Spending on EV and Battery Development
Automakers will spend nearly $1.2 trillion through 2030 to develop and produce millions of electric vehicles, EV batteries and raw materials.
Automakers will spend nearly $1.2 trillion through 2030 to develop and produce millions of electric vehicles, EV batteries and raw materials.
The facility will further Ford CEO Jim Farley’s goal to build 2 million EVs annually by the end of 2026.
The price of lithium carbonate, a key EV battery component, has tripled over past year as demand spikes.
General Motors and Honda Motor Co. announced plans to develop a line of affordable electric vehicles (EVs) with a focus on compact crossovers.
The suburban Detroit site will be among the first large-scale graphite processing plants in the U.S. and the first domestic plant for Graphex.
Mile for mile, it’s cheaper to recharge an electric vehicle (EV) than it is to refuel one with an internal-combustion engine.
BMW reports 2022 margins will be lower because of the Russia-Ukraine conflict.
U.S. faces tough choices in 2022 on mines for electric-vehicle metals.
Letter penned by Canadian Trade Minister Mary Ng suggest proposed EV tax credits will harm North American auto industry and violate trade agreements.
Toyota Motor Corp. and Stellantis have announced plans to build battery factories in North America to meet the U.S. government’s push for electric vehicles and the batteries that power them.
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