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Ford receives Federal backlash following Chinese battery agreement

Teslarati

Florida Senator Marco Rubio is calling for an investigation into Ford’s recent announcement of a new battery production facility built in conjunction with Chinese battery supplier CATL. However, now the automaker is receiving backlash for partnering with Chinese battery maker CATL at the facility. Rubio’s emailed statement.

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The redesigned federal EV tax credit and other EV-related measures

Charged EVs

The recent passage of the Inflation Reduction Act—a sweeping package of tax, health care and climate measures—was like the happy ending to one of those heartwarming “Save Christmas” stories. The revamped tax credit scheme is clearly a great improvement over its predecessor. Unpacking the Inflation Reduction Act.

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Roskill forecasts demand for neodymium for magnets to result in supply deficit; substitutions by 2021

Green Car Congress

Chinese NEV consumption will see high growth rates as these vehicles are exempt from city number plate lotteries. The Chinese government is also offering a range of tax cuts and purchasing incentives to encourage the uptake of NEVs. Global NEV production could rise by 3.5-4.0 MW according to Roskill’s new rare earth report.

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Tesla and other EV stocks boost with Biden’s $174B aid plan

Teslarati

On Wednesday, the White House announced that President Joe Biden was planning to assist the United States’ rollout of electric vehicles to keep up with the highly competitive and robust Chinese EV market. After indicating that the U.S. “U.S. “U.S. The president believes that must change.

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Tesla may not sell Giga Shanghai-produced cars in India: Road Transport Minister

Teslarati

Tesla has established its Chinese production facility, known as Giga Shanghai, as somewhat of an export hub in 2021. However, European demand for the Model Y convinced the automaker to abandon its non-export stance, and Shanghai has supported both the Chinese market and some parts of the European market for months.

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Li-ion maker Boston-Power adds $30M in funding; China expansion

Green Car Congress

The investment follows Boston-Power’s September 2011 announcement of $125 million in growth capital and Chinese government stimulus programs ( earlier post )—comprising a combination of grants, low-interest loans and related financial and tax incentives&madsh;and is being used to scale manufacturing, research and development, and business development (..)

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Tariffs on China aren’t the way to win the EV arms race – getting serious on EVs is

Baua Electric

News came out on Friday that President Biden is set to quadruple tariffs on Chinese EVs to protect the US auto industry from the rapid growth of Chinese EV manufacturing. But EV manufacturing has grown even faster, with Chinese EV production outpacing domestic demand and exports rising rapidly in recent years as well.

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