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Stellantis aims to avoid shortage of EV batteries

Tavares said he expects batteries to be in short supply by 2024 or 2025, followed by a deficit in the raw materials needed for EVs in 2027 or 2028. "The speed at which we are trying to move all together for the right reason, which is…

VW CEO Diess defends operations in Xinjiang

He said any evidence of wrongdoing at the Xinjiang plant would be met with a "massive" response, according to the report. Germany's Economy Ministry has refused to provide VW with guarantees to cover new investments in China because of the…

Rivian, Hyundai make Georgia a major auto player

In just the past six months, Georgia has scored twin wins that will deliver more than $10 billion in auto industry investment and more than 15,000 assembly jobs.In late December, California-based EV upstart Rivian announced a $5 billion…

BMW’s Mexico plans could include EVs

BMW's $1 billion Mexico assembly plant could become the automaker's first dedicated electric vehicle production center. A source familiar with BMW's product plans said the automaker is set to begin manufacturing the next-generation 3…

Stellantis ranks even lower among supplier base

In recent months, Stellantis indicated that it expected its supply base to shoulder more of the R&D cost of making the automaker competitive in EVs. And this year, it informed its suppliers that the company was adopting new terms and…