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Ford dramatically scales back EV plant amid plummeting sales in blow to Biden's green energy goals - Vimarsana News

Ford dramatically scales back EV plant amid plummeting sales in blow to Biden's green energy goals

U.S. automaker Ford Motor Company is dramatically scaling back an electric vehicle (EV) battery plant under construction in Michigan as its EV business continues to lose billions of dollars. In an announcement Tuesday, Ford said it would resume the Marshall, Michigan, project, but reduce its scope by more than 40% and the number of jobs

Source: wfin.com
CATL and Stellantis Sign Strategic MoU for the Local Supply of LFP Batteries for European Market - Vimarsana News

CATL and Stellantis Sign Strategic MoU for the Local Supply of LFP Batteries for European Market

/PRNewswire/ -- CATL and Stellantis N.V. today announced the signing of a non-binding Memorandum of Understanding (MoU) for the local supply of LFP battery...

Ford dramatically scales back EV plant amid plummeting sales in blow to Biden's green energy goals - Vimarsana News

Ford dramatically scales back EV plant amid plummeting sales in blow to Biden's green energy goals

American automaker Ford Motor Company is scaling back its plans to create thousands of jobs at a electric vehicle battery plant it is developing with a Chinese firm.

Source: yahoo.com
Ford dramatically scales back EV plant amid plummeting sales, massive losses - Vimarsana News

Ford dramatically scales back EV plant amid plummeting sales, massive losses

American automaker Ford Motor Company is scaling back its plans to create thousands of jobs at a electric vehicle battery plant it is developing with a Chinese firm.

China's Xi Jinping begins first US trip in six years amid tight security - Vimarsana News

China's Xi Jinping begins first US trip in six years amid tight security

Xi will be greeted at 3 p.m. local time Tuesday by Treasury Secretary Janet Yellen — one of the several top US officials who smoothed the path for his visit. The Chinese leader is traveling with his chief of staff Cai Qi and Foreign Minister Wang Yi, according to the official Xinhua News Agency.