BYD is exploring placing up its very own manufacturing unit in Europe, a major executive stated, suggesting the Chinese automaking giant is extra most likely to establish its possess plant than choose around one from Ford in Germany. “We are not concentrating on specific companies’ facilities,” BYD Executive Vice President Stella Li explained in an
The Treasury Section is scheduled to situation advice finalizing the content requirements and tax credits of the IRA by the finish of this thirty day period. ‘Still deliberating’ “CATL is nevertheless deliberating on investing in the U.S. and we have not produced the final decision yet,” the battery maker claimed in an emailed statement. “There
Stellantis on Friday explained it will indefinitely idle its Jeep Cherokee plant in Belvidere, Ill., early following year in what the UAW blasted as a “grossly misguided” final decision. In a statement, the automaker cited a range of components that impacted its choice. “Our marketplace has been adversely impacted by a multitude of components like
About 270 workers at an Autoneum AG plant in Bloomsburg, Pa., went on strike last week against the key global automotive insulation systems supplier. Contract negotiations between the company and its union have stalled following the company’s latest contract offer being rejected by workers, according to media reports. Workers walked off the job Thursday afternoon,
Volkswagen Group CEO Oliver Blume programs to drive back the automaker’s critical Trinity flagship EV project from 2026 towards the end of the decade and may well also scrap plans for a new factory in Germany, reports said. VW said in March that it would to devote 2 billion euros in a new manufacturing unit
Volvo’s new Slovakia plant will use the automaker’s most superior platform when it begins generation in 2026. “It will be a successor to SPA2,” Geert Bruyneel, Volvo’s head of worldwide production, informed Automotive News Europe. SPA2 is an electrical-only architecture that will underpin the automaker’s forthcoming flagship SUV as properly as the Polestar 3. Both