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UAW, Sanders blast GM for wages at US battery plant

Fain, who won election as UAW president last month, said the Ultium plant at full production will receive more than $1.2 billion a year in U.S. battery production tax credits under the Inflation Reduction Act (IRA). GM CEO Mary Barra said…

Volvo Cars will not reduce EV prices like Tesla

Rowan said lithium prices, a major source of cost for EVs, had started to decline. This was despite Chile, the world's second largest producer of the metal, saying it would nationalize its lithium industry. He added that more lithium…

BYD passes VW as No. 1 brand in China

BYD is China’s best-selling car brand for the first time, dethroning Volkswagen as it continues its meteoric rise. The Warren Buffett-backed electric-vehicle maker leapfrogged its German rival in the first quarter, selling more than…