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Stellantis May Invest Billions to Make EVs in Mexico

Stellantis NV is considering renovating a plant in Mexico to build hybrid and electric vehicles as it transforms its lineup to meet surging demand for battery-powered transport.

August 12, 2022

Battery Giants, Hyundai Concerned by US Moves on China Supplies

South Korea’s biggest electric car batterymakers and Hyundai Motor Co. have expressed concern over new U.S. legislation aimed at boosting domestic production of EVs and reducing the use of Chinese materials.

August 12, 2022

Mercedes, CATL Partner on $7.6 Billion Hungary Battery Plant

Mercedes-Benz Group AG will join China’s Contemporary Amperex Technology Co. Ltd. in building a battery factory in Hungary with an investment of as much as $7.6 billion.

August 12, 2022

Tesla, Nikola Race for Up to $40,000 Incentives

The Inflation Reduction Act would give up to $40,000 tax credits per heavy-truck purchase, suggesting that competition to get the Tesla Semi to compete with Nikola will heat up.

August 12, 2022

Pennsylvania Experts, Lawmakers Ponder AV Safety Regulations

When it comes to autonomous vehicles, there isn’t just one way to go about safety. State regulators draft legislation. Independent firms create recommendations. Individual companies devise their own protocols. Stakeholders can agree on one thing: Safety is important.

August 11, 2022

Congress Eyes Finish Line for Freight-Centric Budget Bill

Debate on a multibillion-dollar budget bill targeting supply chain connectivity concerns, clean energy initiatives and economic incentives remains front-and-center on Capitol Hill.

August 11, 2022

Rivian Leads EV Slump After Investors Shun Money Losers

Even a breakthrough U.S. climate bill designed to encourage sales of electric cars has failed to revive investor interest in Rivian Automotive Inc., as the risk-hungry traders who catapulted its shares to dizzying heights last year shun companies for whom profitability is still years away.

August 11, 2022

Gas Prices Dip Just Below $4 for First Time in 5 Months

Gasoline prices dipped to just under the $4 mark for the first time in more than five months — good news for consumers who are struggling with high prices for many other essentials.

August 11, 2022

Daimler Truck Shrugs Off Supply Chain Issues With Rising Sales

Daimler Truck Holding AG overcame supply chain headwinds to increase unit sales during the second quarter of 2022, the company reported Aug. 11.

August 11, 2022