BMW.XE

Jan. 16, 2024 12:01 am ETOne of the world’s most valuable battery startups is raising $3.4 billion in debt from the European Union and a group of banks including JPMorgan Chase, accelerating a race to build more batteries outside China and take advantage of a tidal wave of clean-energy subsidies.Europe’s Northvolt plans to use the funding to grow battery production at a factory in northern Sweden for customers such as Volkswagen and BMW. It also plans to expand a recycling facility next door that will convert scrap metal…

Updated Dec. 11, 2023 12:13 am ETHAIPHONG, Vietnam—When electric-car startup VinFast Auto was looking to build a factory in the U.S., one state caught its attention in particular: North Carolina. For years, officials there had been trying to get an automobile manufacturer to set up shop in rural Chatham County. More than a billion dollars of incentives got them the Vietnamese upstart with huge ambitions but a limited record.Copyright ©2023Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8…

GM, Honda and Stellantis are among the companies planning a joint investment to build thousands of electric-vehicle charging stations in the U.S. GM, Honda and Stellantis are among the companies planning a joint investment to build thousands of electric-vehicle charging stations in the U.S. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All…

Our analysis identified at least 6.8 million vehicles, spanning 15 automotive brands, with the potentially dangerous air-bag part that regulators are demanding be recalled. We’ve compiled a list of the affected makes and models, which includes brands such as Chevrolet, Ford and Hyundai. Our analysis identified at least 6.8 million vehicles, spanning 15 automotive brands, with the potentially dangerous air-bag part that regulators are demanding be recalled. We’ve compiled a list of the affected makes and models, which…

The French leader seeks to counter U.S. subsidies and tax incentives that European officials fear are drawing green investment away from the continent. The French leader seeks to counter U.S. subsidies and tax incentives that European officials fear are drawing green investment away from the continent. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is…

Car buyers looking to get a tax break on a new electric vehicle will now confront an even narrower set of options and have to buy from a U.S. brand.    The U.S. Treasury Department released its latest list Monday, detailing which plug-in models qualify for a federal tax credit that has been popular with consumers under new and much stricter requirements adopted by the Inflation Reduction Act.  Car buyers looking to get a tax break on a new electric vehicle will now confront an even…

Stellantis STLA -1.29% NV and Bayerische Motoren Werke AG are talking to Panasonic Holdings Corp. about teaming up to build electric-vehicle battery plants in North America, people familiar with the talks said.Panasonic specializes in cylindrical batteries, which resemble an oversize version of the AA batteries commonly used in consumer devices. Over the past decade, Japan-based Panasonic has churned out billions of cylindrical cells…

HONG KONG—Auto makers and dealerships in China are slashing prices after the lifting of pandemic controls failed to reverse slumping demand in the world’s largest car market.Companies including Ford Motor Co. F -4.40% , BMW Group BMW -0.96% and Volkswagen AG VOW -3.96% are offering deep discounts and promotions on electric vehicles after China phased out its nationwide…

BERLIN—European auto makers are looking to the U.S. and China for shelter from the economic storm they say is coming as the war in Ukraine drags on and signs of a looming recession gather in Europe.In a closely watched survey published on Thursday by the Munich-based Ifo Institute, German auto makers and suppliers said they were losing confidence in the European economy. The survey showed a key confidence index for the industry falling sharply in October. “Slumping demand and rising material and production costs worsen…

BRUSSELS—European Union lawmakers reached a political agreement on Thursday for emissions rules that will effectively ban the sale of new cars with internal combustion engines beginning in 2035. The planned law is set to require new cars and vans to have significantly lower carbon emissions by 2030 and to reach zero emissions by 2035, adding to pressure on auto makers and suppliers to accelerate the shift away from cars that run on gasoline and toward electric vehicles.…