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...But China remains by far the world’s biggest cleantech producer and exporter, manufacturing most of the world’s solar panels, batteries and electric vehicles....
...Another heavily-traded company that until recently was a penny stock is Mullen Automotive....
...The group will maintain its long-term alliance with Renault and Mitsubishi Motors in certain markets such as Europe, south-east Asia and Latin America....
...Carmakers from America to Europe to Asia are already facing rising costs from new technology development and tougher emissions rules, while also struggling to develop cheap electric vehicles that they can...
...GM has delayed plans to build electric versions of its Chevrolet Silverado and GMC Sierra trucks....
...Nissan chief executive Makoto Uchida is blunt on the need for new partners, although the company insists its alliance with Renault and Mitsubishi Motors will not be unwound....
...The moves come after a judge in Delaware, Kathaleen McCormick, voided a planned $56bn pay award from Tesla, the electric-car company he runs, late last month....
...It is focused on ‘flex-fuel’ hybrid vehicles, which along with an electric component can run on petrol and ethanol....
...We also employ a few who used to work for Mitsubishi Heavy,” said Toya....
...Stellantis, which already manufactures EVs in Europe and North America, aims to produce fully electric vehicles as soon as 2026 in South America, said Tavares, adding it would depend on bringing down costs...
...While America's carmakers worked to develop electric pick-up trucks, Korean rival Hyundai went smaller — and won bigger....
...“In 2019, Tesla created a frenzy at the Cybertruck reveal by claiming the electric pickup’s starting price would come in below $40K,” said Jessica Caldwell, an analyst at automotive industry insights platform...
...Lawyer fee awards have become a hot topic in courts in Delaware, where more than 300 S&P 500 companies are incorporated....
...“With this guidance and the clarity that it will provide, we’re ensuring that the US electric vehicle future will be made in America,” said John Podesta, Biden’s top clean energy adviser....
...And that is what Nissan and Honda, traditionally arch-rivals in the Japanese automotive market, are doing....
...That includes setting up factories and research centres in Europe and North America, as well as forming joint ventures with European and US companies....
...Leading battery makers are scaling back their North American investments and laying off workers as the US electric vehicle industry wrestles with sluggish demand....
...While US automotive companies have focused on hardware, China is leading the industry on automotive software, particularly in autonomous driving. “For America, the cost will be high . . ....
...“In this tough era, Renault, Mitsubishi and ourselves are too small in scale to drastically push for electrification,” Uchida said....
...The battle for America’s automotive future is now under way in places like a cotton farm in the small South Carolina town of Florence, where, every day, yellow and red excavators are digging up enough dirt...
...The Biden administration wants 50 per cent of all new vehicle sales to be electric by 2030, up from less than 8 per cent of cars sold in the third quarter, according to data from Cox Automotive....
...Plus, competition for foreign investment in electric vehicles is pitting the US southeast against the automotive heartland of the Midwest....
...I was not too surprised to read Kenza Bryan and Steven Bernard’s piece from Friday about scanty ice coverage over North America’s Great Lakes this winter....
...Chart of the day Millions of people watched the total solar eclipse yesterday as it swept across Central and North America....
...Carmakers are vying for attention and customers as the electric vehicle market develops, McCabe noted. “In the automotive space, not everyone can win,” and right now, it is “the Wild West out there”....
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