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Mercedes-Benz announces strategic partnership and equity stake in Chinese battery cell manufacturer Farasis

Green Car Congress

Mercedes-Benz has entered a far-reaching strategic partnership with the Chinese battery cell manufacturer Farasis Energy (Ganzhou) Co., The contract will provide a secure source of supply of battery cells for Mercedes-Benz’s electrification strategy, while Farasis gains security for its planned construction of production capacity.

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Investigation Faults Ford Battery Supply Over National Security Issues

The Truth About Cars

Following fears that Ford’s electric vehicle supply chain may represent a national security issue , concerned legislators are doubling down by outlining the path battery components are required to take in order to get here. But it’s requiring additional integration with a company boasting ties to both the Chinese government and its military.

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Agreements reached on trans-Guinean infrastructure in milestone for Simandou iron ore project

Green Car Congress

Simandou, the world’s largest known undeveloped supply of high-grade, low-impurity iron ore, will strengthen Rio Tinto’s portfolio by complementing our existing Pilbara and Iron Ore Company of Canada products. Aerial view of Simandou project.

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Stellantis Investors Fume Over CEO Pay Amid Job Cuts, Plant Closures, Supplier Strife

The Truth About Cars

Lower overhead in terms of production costs are supposed to help them endure the onslaught of cheaper Chinese EVs that are assumed to flood the market as European governments effectively mandate electric vehicles. Legal challenges have also been raised on behalf of the manufacturer.

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Tesla ‘Giga India’ potential reignited with reports of planned visit

Teslarati

Tesla CEO Elon Musk and other top Tesla executives are expected to visit India later this week to discuss numerous supply-related issues and opportunities. However, despite this market opportunity, incredibly high taxation and a complex legal structure have kept many automakers, in particular, outside of the South Asian market. .”

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Tesla China’s rumored May sales slump debunked by CPCA Secretary General

Teslarati

Tesla’s rumored sales slump in China doesn’t seem to be a worry of Cui Dongshu, the Secretary General of the Chinese Passenger Car Association. However, Cui told Chinese media outlet the Global Times that he doesn’t necessarily believe that sales will be that low. Tesla stock plummeted after the reports.

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How the Huawei Fight is Changing the Face of 5G

Cars That Think

But it may also signal a de-escalation of the pressure Washington has brought to bear on the Chinese company now that Huawei is on its heels. Huawei has said it would not comply with such a request and believes that it cannot be legally forced to do so. Meng's arrest on fraud charges was widely seen as part of that campaign.

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