Entek Poised to Get $1.2 Billion US Loan
The Biden administration is poised to lend $1.2 billion to Entek Lithium Separators to help expand the U.S. supply chain for lithium-ion batteries used in electric vehicles.
July 9, 2024Chinese Firms Eye Morocco to Cash In on US EV Subsidies
TANGIERS, Morocco — After the U.S. passed subsidies designed to boost domestic EV production and cut into Beijing’s supply chain dominance, Chinese manufacturers began investing in Morocco.
Renault Vows to Lower EV Battery Costs 20% With New Process
Renault SA pledged to reduce its battery costs by around 20%, in a bid to remain competitive by adopting a cheaper cell chemistry and new production processes for electric vehicle components.
Polestar Loss Deepens to $1.46B Amid Slowing EV Demand
Polestar Automotive Holding UK Plc reported deepening losses for last year as the EV maker faced weaker demand amid organizational challenges that delayed its earnings report.
Could Cheap Chinese EVs Reach US From Mexico?
Low-priced Chinese EVs pose a potentially "extinction-level event" for America’s auto industry.
Key EV Battery Material Can Come From Methane
Graphite is key to manufacturing the lithium-ion batteries that power electric cars, and there has been a push to grow a U.S. supply chain.
Fisker Files for Bankruptcy Protection
Electric vehicle maker Fisker filed for Chapter 11 bankruptcy protection, the second electric startup to do so in the last year as even industry leaders struggle to lure more buyers.
The $25,000 Electric Car Is Coming to US Soon
With signs of slowing growth in the premium EV market, manufacturers have been working on a pivot from luxury to practicality. The $25,000 economy electric car is the industry’s new target.
Senators Ramp Up EV Pushback
Republicans in the Senate are taking aim at the Biden administration’s promotion of EVs, and Democrats are calling out the administration for a lack of progress on charging infrastructure.
Honda Launches Long-Awaited Electric Van Starting at $15,550
Honda will launch its long-awaited electric van in October, starting at $15,550, as it pushes forward with its decarbonization goals despite a slowdown in electric vehicle sales.