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Volkswagen faces mounting pressure from Tesla and BYD

Teslarati

During the pandemic, Volkswagen fell behind in the Chinese auto market as companies like BYD, Nio, and Tesla took over, with the competition nearly doubling the market’s EV and hybrid offerings (via Bloomberg ). Our companies are mainly generating their profits abroad, helping to keep jobs in Germany.

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Study: tightening vehicle emissions standards resulted in higher rates of automaker non-compliance; unintended effects of threshold-based regulations

Green Car Congress

A new study focused on the auto industry finds that tightening emissions standards not only fails to curtail on-road emissions, but actually increases the likelihood of non-compliance by automakers. This phenomenon isn’t limited to the auto industry. You have to hit the score to make it. —Kejia Hu.

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Volkswagen has ‘all the ingredients’ to succeed as the US shifts to EVs, but will it?

Baua Electric

Volkswagen’s CFO Arno Antlitz said Europe’s largest automaker has “all the ingredients” for success as the US auto industry shifts to electric. The company will build vehicles at its $2 billion facility in South Carolina. The company also fell behind Tesla in US market share for the first time last year.

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President Obama Announces 48 Projects to Receive $2.4B in Grants for Next-Generation of Batteries and Electric Vehicles; To be Combined with $2.4B in Industry Cost-Share

Green Car Congress

Industry officials expect that this $2.4 billion in cost-share from the award winners, will result directly in the creation tens of thousands of manufacturing jobs in the US battery and auto industries. Companies and universities in Michigan are receiving more than $1 billion of the grants. FutureFuel Chemical Company.

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Who Actually Owns Tesla’s Data?

Cars That Think

The license plate on that car showed that it was registered to Exelorate Enterprises LLC, the parent company of Steer EV —a DC-based monthly vehicle subscription service. Once governments realize that a company possesses such a trove of information, it could be only a matter of time before they seek access to it. “If

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UAW officially launches union drive at Tesla, other automakers

Teslarati

The news follows months of speculation that the union could target Tesla , with UAW President Shawn Fain even calling the company’s workers “members of the future.” manufacturing plants in the industry. manufacturing facilities , following predictions that the UAW gains would cause wage hikes across the industry.

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Biden quadruples tariffs on Chinese EVs, up from 25% to 100%

Baua Electric

Both companies are owned by Geely, but still headquartered in Sweden, with manufacturing in various parts of the world depending on model. Production of Polestar 3 is set to begin in South Carolina in the summer diversifying our manufacturing footprint and supporting job creation and economic growth in the region.

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