CATL, the world’s largest battery maker, has offered to cut costs for Chinese automakers, a move that demonstrates its market power and could also widen China’s cost advantage in electric vehicles.
Québec-based Uni-Select, Canada’s largest supplier of automotive refinish, industrial paint and more than two million replacement parts in the auto industry, is being purchased by U.S.-based LKQ Corporation for about $2.1 billion in cash.
Despite the unsuccessful launch attempt of the SpaceX Crew-6 flight from Kennedy Space Center, Elon Musk’s rocket company has a chance to fly two more missions in the same day that could set a U.S. record for orbital launch turnaround.
Nissan will be able to comply with U.S. local sourcing rules for EV tax credits from 2026 as it consolidates platforms and drivetrains for more competitive EVs.
Global supply-chain issues last year helped push cargo traffic at Florida’s 16 seaports slightly ahead of pre-pandemic numbers, while the cruise industry is expected to return to pre-pandemic passenger counts this year.