Volkswagen said on Thursday it would invest over 20 billion euros ($20.38 billion) in a battery cell business jointly with partners, creating 20,000 jobs and reaching annual sales above 20 billion euros by 2030 as it seeks leadership in the growing market.
A proposed U.S. electric vehicle tax credit is "discriminatory" and Mexico is analyzing a range of legal actions in response that may include tariffs, Mexican Economy Minister Tatiana Clouthier said on Thursday.
Toyota Motor Corp will launch an all-electric small sedan in China late next year, having turned to local partner BYD for key technology to finally make an affordable yet roomy runaround, four sources told Reuters.
General Motors Co said Thursday it would extend a production halt at its Orion Assembly plant in Michigan, which makes the Chevrolet Bolt electric vehicle, through Jan 28.