Toyota opens US battery plant, confirms $10bn investment plan
The carmaker first announced the plan for battery production in 2021.
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The carmaker first announced the plan for battery production in 2021.
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China has banned exports of Nexperia’s finished products which are widely used in car parts.
The electric carmaker had unveiled chief Elon Musk’s proposed $1 trillion compensation plan in September.
Stellantis announced a $13bn investment in the US, which will see Jeep Compass production move from Canada to the US.
One of biggest US corporate legal battles is in final stage after judge had in January 2024 rescinded Elon Musk’s pay.
The EV tax incentive was scrapped as part of US President Donald Trump’s mega tax bill passed earlier this year.
The electric carmaker’s new model comes as part of efforts to address slumping sales.
It is not clear if countries under trade agreements with the US would also be subjected to this new tariff.
Analysts expect sales by the electric automaker to slump in the months ahead.
Vancouver-based Lithium Americas is developing one of world’s largest lithium mines in northern Nevada.
The US government is reportedly considering as much as a 10 percent stake in the company.