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The Department of Energy plans to lend $9.2 billion to BlueOval SK, a joint venture between American automaker Ford and South Korean battery manufacturer SK On, to help finance the construction of new battery factories in Tennessee and West Virginia. The massive loan, part of an effort by the Biden administration to boost electric vehicle production in the U.S., nearly doubles the $11.4 billion already put into the joint venture by the parent firms. The loan is also the largest investment yet by ....
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Environmental Protection Agency Administrator Regan proposed aggressive mobile source regulations limiting tailpipe emissions in proposed rules targeting light and medium duty vehicles and one targeting heavy duty highway vehicles. zero emission vehicle production ....
To localize its electric vehicle production chain in the region, Volkswagen has announced that it will build its first battery cell plant outside Europe in Canada ....