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The new facility will employ 1,500 people and produce enough cathode and anodes components to supply 1 million EVs annually.
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The automaker plans to adjust its electric vehicle strategy and provide it to key suppliers early next year, report people close to the project.
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Vietnamese EV-maker has filed for IPO to fund a manufacturing plant in North Carolina with a projected capacity of 150,000 EVs a year.
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Stellantis is negotiating a third electric vehicle battery plant to come online in 2026, reports Stellantis CEO Mark Stewart.
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Building more parts in-house rather than purchasing them from other suppliers makes financial sense and retains jobs, said CEO Jim Farley.
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The automakers take two very different approaches to EV production but with many of the same goals in mind.
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Tesla is evaluating whether Model 3 and Model Y EVs made in Gigafactory Shanghai could be sold in North America starting in 2023, sources say.
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New U.S. EV tax credit changes are coming under fire as Japan's government warns these credits could thwart further EV investment.
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The president reaffirmed his understanding and willingness to cooperate with South Korea’s concerns.
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