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Broadly, the investments announced focus on the development of production facilities, technology, EV batteries, new product and securing future raw material supply, and autonomous vehicle development.
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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.
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Mile for mile, it’s cheaper to recharge an electric vehicle (EV) than it is to refuel one with an internal-combustion engine.
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Supply chain challenges rising from the war in Ukraine could make electric vehicles (EV) more expensive to build as raw material prices shoot up.
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BMW reports 2022 margins will be lower because of the Russia-Ukraine conflict.
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Alternative fuel vehicles now represent nearly 16% of new vehicle financing; banks originated more than 55% of new alternative fuel vehicle loans.
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CEO Jim Farley says the automaker has no plans to spin off its EV business during a virtual Wolfe Research investor conference.
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Nissan Motor Co. Ltd. plans to stop developing new internal combustion engines except in the U.S.
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Global sales in 2021 were the second-highest annual result for Lexus. The brand’s all-time sales record of 765,330 units came in 2019 before the pandemic.
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The White House hosted the chief executives of major U.S. companies including auto and tech sector firms this week to discuss President Joe Biden's $1.75 trillion Build Back Better legislation.
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