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U.S. governor calls on Biden to overturn trade ruling against SK Innovation

The governor of Georgia on Friday called on President Joe Biden to overturn a trade ruling made against SK Innovation, saying that the decision would hurt the electric vehicle battery maker's plant being built in the southern state.

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UPDATE 2-Umicore eyes 2021 profit boost from electric vehicles

* Sees substantial 2021 earnings growth in all segments
* Strong EV growth in Europe to boost battery materials (Recasts with EV market comments, outlook details)
Feb 11 (Reuters) - Belgium’s Umicore expects the thriving European electric vehicle market to boost its battery business in 2021 as the company forecast on Thursday “substantial” group-level growth compared to last year.
The maker of catalytic converters and battery materials for carmakers said volume growth in its battery materials segment in 2021 should “more than offset” the overcapacity and pricing pressures that weighed on it last year.
Chief Executive Marc Grynberg told analysts Umicore was well positioned to benefit from Europe’s electric vehicle push.

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U.S. ITC rules against SK but allows temporary VW, Ford battery use

The United States International Trade Commission (ITC) on Wednesday sided with South Korea's chemicals and electric vehicle (EV) battery maker LG Chem Ltd after the company had accused its cross-town rival SK Innovation Co Ltd of misappropriating trade secrets related to...

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French auto and electronics firms to work on improving supply chain glitches

French companies from the automobile and electronics sectors will be working together in the near-term to improve and fix supply chain glitches that have hit the country's car industry, said the French finance ministry on Thursday.

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White House working to address semiconductor shortage hitting auto production

3 Min Read
FILE PHOTO: U.S. President Joe Biden delivers remarks to Defense Department personnel during a visit to the Pentagon in Arlington, Virginia, U.S., February 10, 2021. REUTERS/Carlos Barria
WASHINGTON (Reuters) - The White House said Thursday administration officials are working to address a growing shortage of semiconductor chips that has slowed auto production around the world.
White House press secretary Jen Psaki said the Biden administration is “currently identifying potential chokepoints in the supply chain and actively working alongside key stakeholders in industry and with our trading partners to do more now.”
The issue is one reason Biden plans to sign an executive order in the coming weeks to direct a comprehensive review of supply chain issues for critical goods.

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UPDATE 1-White House working to address semiconductor shortage hitting auto production

The White House said Thursday administration officials are working to address a growing shortage of semiconductor chips that has slowed auto production around the world.

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GRAPHIC-Nickel pig iron producers eye up electric vehicle battery market

Producers of nickel pig iron (NPI) in Indonesia are looking at converting their material into an intermediate product that can be turned into nickel chemicals for the lucrative electric vehicle market.

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FOCUS-Hyundai wrestles with the risks of embracing Apple

5 Min Read
SEOUL/SAN FRANCISCO, Jan 29 (Reuters) - Executives in Hyundai Motor Co Group are divided over a potential tie-up with Apple Inc, with some raising concerns about becoming a contract manufacturer for the U.S. tech giant, dimming the outlook for a deal.
Hyundai said earlier this month it was in preliminary talks with Apple, but gave no details. Local media said the firms were discussing an electric car and battery tie-up.
Apple declined to comment.
Apple has never acknowledged talks with the automaker about building vehicles, and it was unclear whether any such talks are still active. The iPhone maker typically insists on strict secrecy from its potential partners and suppliers about future plans or unreleased products.

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Foxconn Taiwan auto JV aims to roll out EV bus in Oct - source

By Reuters Staff
2 Min Read
TAIPEI, Feb 9 (Reuters) - A joint venture between Apple Inc assembler Foxconn and Taiwanese car maker Yulon Motor Co Ltd aims to roll out its first electric vehicle (EV) bus this October, a source with knowledge of the situation said.
The source said that the EV bus that would be rolled out in October would be a prototype.
Yulon referred questions to Foxconn, which declined to comment.
Foxconn has ramped up its interest in EVs over the past year or so, announcing deals with Chinese EV maker Byton and Chinese automaker Zhejiang Geely Holding Group .

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Toyota, Denso team with Aurora on self-driving cars for Uber, others

By Reuters Staff
3 Min Read
DETROIT (Reuters) - Toyota Motor Corp and longtime supplier partner Denso Corp will team up with self-driving car startup Aurora to develop and build autonomous minivans for ride hailing networks, the companies said on Tuesday.
FILE PHOTO: The logo of Toyota carmaker is seen on a car in Nice, France, April 8, 2019. REUTERS/Eric Gaillard/File Photo/File Photo
The deal gives San Francisco-based Aurora a clearer path to profitability as it competes with Alphabet Inc’s Waymo, General Motors Co’s majority-owned Cruise and Argo AI, whose principal investors are Ford Motor Co and Volkswagen AG.

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