One of the world’s biggest battery companies is mulling a reversal on a $1.3 billion project to churn out electric vehicle powerpacks in Arizona. South Korea’s LG Energy Solution Ltd. cited surging costs and slowing demand as it now rethinks the investment announced in April.
That’s a blow to…
As energy security becomes a growing source of angst, it’s clear that large-scale, reliable use of renewable resources remain a distant reality in many countries. That’s allowed a more controversial — and almost perfect — alternative to make a comeback: nuclear. Trouble is, nobody wants a reactor…
The world’s biggest car company, Toyota Motor Corp., reluctantly released an electric vehicle in May. Weeks later, it recalled 2,700 of them because there was a risk their wheels — the most fundamental component — would fall off. If that’s the level of quality and safety traditional auto giants are…
Over a decade ago, Elon Musk scoffed at the idea that China’s BYD Co. was a legitimate competitor. Oh, how the mighty have fallen.
Now, Warren Buffett-backed BYD is set to wash out its closest rival in China, Tesla Inc. Last week, a BYD executive said that his company was “preparing to supply…
The world is struggling with simultaneous energy and climate crises. To solve the first could require undoing all the progress made toward greener power and cleaner air. But it doesn’t have to be that way.
Euphoria for electric cars — and the powerpacks that run them — has obscured a more…
Elon Musk has a suggestion for entrepreneurs: Get into lithium mining for juicy margins. It’s a pithy recommendation, but it fails to grasp the complicated challenges for producing more of the metal.
Soaring lithium prices have dampened the excitement around electric vehicles. Musk noted that…
From India to Indonesia, Elon Musk is scouting out sites to make more Teslas for global roads. With the world mired in supply chain chaos, access to materials matters most. He’s got it right.
After lobbying against India’s tight policies around manufacturing and prohibitive import duties, Musk…
In recent months, a string of carmakers and electric vehicle battery producers have announced their intentions to build facilities in the US. Manufacturers from across the world are throwing around billions of dollars of investments into EV battery technology, too.
Meanwhile, President Joe…
Hong Kong appears to have accepted defeat. Chief Executive Carrie Lam set out a blueprint for undoing the stringent social distancing measures and border curbs that severely curtailed residents’ daily lives for the past two years. Despite the government’s Covid-zero measures, 3.6 million of the…
What role can China play in de-escalating the war between Russia and Ukraine? Is Beijing’s relationship with Russiaheightening global tensions and what, if anything, can the US do to lower the temperature? President Xi Jinping has not been cheering his counterpart Vladimir Putin’s invasion of…