Tag: auto current events

Lithium ion battery supplier Microvast Holdings said it is considering all options after the US Energy Department canceled a $200 million grant following lawmakers’ concerns over its alleged links to China.

“Neither the Chinese government nor the Chinese Communist Party has any ownership in the company, nor do they control or influence company operations in any way,” Microvast CEO Yang Wu said in a statement on Wednesday.

The grant, which stemmed from US $1 trillion 2021 bipartisan infrastructure law, was to help Microvast build a plant in Tennessee.

Two Republican lawmakers criticized the decision to grant funding in

Dealers in some jurisdictions south of the border are fighting automakers in court. In Canada, the controversy recently subsided somewhat after months of acrimonious negotiations between Ford Canada and a group of dealers pushing for changes to Ford’s e-certified program.

Rather than a one-size-fits-all approach, the automaker appeared to listen to demanding retailers that it required tailor-made upgrades and investments according to dealers’ individual market realities.

It’s an approach that makes sense, particularly when the level of electric-vehicle adoption varies across the provinces.

Quebec and British Columbia, for example, have the highest EV adoption rates, thanks to supportive policies such