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Canada will introduce in its budget next week a 30% investment tax credit to boost clean-tech manufacturing, especially in the electric vehicle (EV) supply chain, two government sources familiar with the document said on Thursday.
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South Korea's LG Energy Solution Ltd (LGES) said on Friday it would invest 7.2 trillion won ($5.58 billion) to build a battery factory in Arizona, reviving a project paused last year due to adverse economic conditions.
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Chinese battery giant CATL plans to start this year the mass production and delivery of batteries based on a new materials technology, M3P, which will perform better and cost less than nickel and cobalt-based ones, its chairman said.
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Italy still believes it can change draft European Union rules on car emissions to its advantage, Prime Minister Giorgia Meloni said on Friday.
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Ford Motor has set itself a destination: to be a leader in electric vehicles. On Thursday it also gave a clearer picture of where it starts from. The U.S. auto manufacturer disclosed the losses generated by its EV business, now called Ford Model e. Investors can now better see how ambitious this journey is.