The price of lithium carbonate, a key EV battery component, has tripled over past year as demand spikes.
Tesla Inc. has had to shut down its plant in Shanghai for a total of 12 production days in recent weeks because of China’s COVID-19 lockdowns.
China’s Covid-Zero policy could cause global vehicle production to lose 2% of growth in 2022, equivalent to about 1.5 million units.
FORT WORTH, Texas — General Motors Financial Company, Inc., has announced that on Jan. 2, GM Financial, GMAC UK plc — an indirect wholly-owned subsidiary of GM Financial — and Ally Financial Inc., completed a transaction under which GM Financial and GMAC UK acquired Ally’s 40% equity interest in SAIC-GMAC Automotive Finance Company Limited, a ... Read More »
Sixty-eight people were killed and nearly 200 others injured, most with severe burns, after an explosion Saturday at an automotive parts factory in eastern China that supplies General Motors, officials said, reported The Detroit News. It was China’s most serious industrial disaster since a fire at a poultry plant killed 119 people in June last ... Read More »
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