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EV maker Lordstown Motors begins bankruptcy embroiled in disputes

U.S. electric truck manufacturer Lordstown Motors began its bankruptcy case embroiled in litigation, laying out disputes with estranged partner Foxconn, rival electric vehicle manufacturer Karma Automotive, the U.S. Securities and Exchange Commission and several investor...

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Australia's Element 25 to supply GM with manganese sulphate

Element 25 Ltd said on Monday it will supply manganese sulphate to General Motors Co from a new facility in Louisiana, as the automaker looks to secure supply of battery minerals for its North American electric vehicle production.

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UPDATE 1-Saudi sovereign wealth fund PIF sells McLaren stake to Bahrain -Sky News

Bahrain's state investment fund Mumtalakat is buying preference shares and warrants worth 400 million pounds ($510.48 million) in carmaker McLaren from Saudi Arabia's Public Investment Fund (PIF) and Ares Management, Sky News reported on Wednesday.

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Volvo Cars sales up 31% in May

Sweden-based Volvo Cars on Monday posted a 31% rise in sales in May compared with a year earlier, selling 60,398 cars.

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ANALYSIS-Ford offers investors big bets but finds few takers

Ford Motor Co CEO Jim Farley has yet to convince investors the automaker’s next generation of electric vehicles can hit 2026 profit targets, but he is already worrying about the third generation of Ford EVs that will launch late in this decade.

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Japan's Honda Motor in strategic collaboration agreement with TSMC

Japan's Honda Motor Co on Wednesday unveiled it reached a basic agreement on strategic collaboration with Taiwan Semiconductor Manufacturing Co (TSMC) as part of steps the company was taking to address a semiconductor shortage.

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Ford signs $4.5 bln investment deal with Vale Indonesia, Huayou for EV battery material plant

U.S carmaker Ford Motor Co signed a final investment agreement with PT Vale Indonesia, and China's Zhejiang Huayou Cobalt on Thursday to build nickel processing plant, valued at around $4.5 billion.

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