Ford CEO Jim Farley said in an interview, before participating in the White House meeting, that he would urge Biden to retain tax credits for EVs included in the initial legislation.
The Japan Automobile Manufacturers Association says traditional automakers expect new entrants from other industries and that the Sony represents Japan’s turn at floating a hopeful new industry player.
The automaker said it is expanding teams that electrify cars, develop vehicle software and autonomous technology and engineer fuel cells.
Valeo said its outgoing CEO Jacques Aschenbroich, who became CEO in 2009, will continue to act as chairman of the board.
While the accelerated production this year is a sign of progress, Rivian’s success will depend on the company honing its manufacturing processes and navigating the supply-chain disruptions.