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Volkswagen to switch EV battery type, leaving supply deals in doubt: sources

Volkswagen plans to gradually switch the type of battery used in its electric vehicles, three sources with knowledge of the matter said on Monday, moving away from the technology supplied under current deals with South Korea's LG Energy Solution and SK Innovation. ....

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LG Energy Solution to invest $4.5 billion in U.S. battery production

South Korea's LG Energy Solution plans to invest more than $4.5 billion in its U.S. battery production business over the next four years, including plans to build at least two new plants, a senior executive said on Thursday. ....

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Mexican industrial output inches up in January, helped by construction

By Reuters Staff
1 Min Read
FILE PHOTO: Employees work at Ark de Mexico, an assembly factory that makes wire harnesses and electric components for the automobile industry, in Ciudad Juarez, Mexico June 25, 2019. REUTERS/Jose Luis Gonzalez
MEXICO CITY (Reuters) - Mexican industrial output rose 0.2% in January from December, the eighth consecutive monthly increase, lifted by a pickup in construction activity, official data showed on Friday.
Compared with the same month a year earlier, industrial output fell by 4.9% in January as the coronavirus pandemic continued to weigh, figures from national statistics agency INEGI showed.
That was a stronger contraction than the 4.2% drop forecast in a Reuters poll. ....

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Czech manufacturers bank on COVID tests to avoid a nationwide shutdown of industry

Czech manufacturing firms, a key part of European supply chains for the automotive and other industries, are banking on government-ordered mandatory coronavirus testing to avoid nationwide closures during a spike in infections. ....

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Secretary of State Blinken to meet top Chinese officials March 18 -statement

By Reuters Staff
1 Min Read
WASHINGTON, March 10 (Reuters) - Secretary of State Antony Blinken plans to meet with top Chinese officials on March 18 during a stop in Anchorage, Alaska, the State Department said on Wednesday, after his first overseas trip to U.S. allies Japan and South Korea.
Blinken and White House national security adviser Jake Sullivan plan to discuss a range of issues with Yang Jiechi, director of the Office of the Central Commission for Foreign Affairs, and State Councilor Wang Yi, the department said.
Reporting by Doina Chiacu; Editing by Chizu Nomiyama ....

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