Consumers are on the fence about considering a battery-electric vehicle for their next purchase. It presents a sales opportunity for automakers, but it also could create a temporary surplus in EV inventory.
China dismissed efforts to shift U.S. supply chains toward alternative sources as unrealistic, hitting back hours after President Biden signed an order to review how America buys strategic goods.
Workers on a Model 3 production line in Fremont, Calif., were told their line would be down from Feb. 22 until March 7.
Infineon is expanding existing output and says its new plant, set to open this summer, will be able to produce enough chips for 25 million EV drivetrains.
Plug-in drivetrains will be relevant for many years to come because of their substantially longer electric range, said Ola Kallenius, CEO of Mercedes parent Daimler.