U.S. awards $2.8 billion for EV battery, grid projects
The White House is also launching an effort, dubbed the American Battery Material Initiative, to strengthen critical mineral supply chains.
BMW joins the EV frenzy with $1.7B U.S. investment
The project includes domestic sourcing of next-generation batteries and a $700 million battery-pack assembly plant to be built nearby. It also requires construction of a new battery-cell plant in the state by Envision AESC.
Passport Automotive settles FTC suit over illegal fees, discrimination for $3.38 million
Passport Automotive agreed to pay $3.38 million to settle a Federal Trade Commission lawsuit filed against the dealership group for charging illegal fees and discriminating against Black and Latino customers. The dealer group denies it discriminated.
GM’s plant in South Korea to boost capacity to 500,000 vehicles a year
The Changwon plant, which will build GM’s so-called next-generation vehicles including an all-new Chevrolet crossover, is currently being remodeled and expanded as part of a plan that kicked off last year.
Hyundai pressures U.S. to ease EV tax credit rule that penalizes foreign automakers
Depending on how the Biden administration chooses to interpret the law, the rule could leave Hyundai and some other foreign automakers at a disadvantage against EV makers eligible for the credit.