The automaker will decide whether to pull out of Alliance Ventures by the end of this month, people familiar with the matter told Reuters. Mitsubishi told alliance partners last week it would no longer inject money into the fund, Reuters reported.
The statement from China’s industry ministry came after some customers said on social media that the control units in their cars run on chips that are less advanced than what’s listed on their specification sheets.
The automaker plans to add lines to make more battery packs, electric motors and motor controllers, according to a document submitted by the company to local government. Tesla is working to localize its supply chain in the country.
GM’s luxury brand is reevaluating plans for unveiling the Lyriq electric crossover now that it won’t be introduced at the canceled April 2 event in Los Angeles.
The amount awarded is a fraction of what was sought. The plaintiffs opted out of a $10 billion class action settlement with the German automaker over its diesel engines.