Today on Critical Materials: VW puts a clock on getting their ship in order, BYD pauses its Mexico plans and Ultium workers in Tennessee join the UAW.
Volkswagen is in a weird place with its EV program. The automaker has committed to spending billions more to support it, but its ambitious goals aren't really happening as planned. Executives believe that it's a market problem—and that's not boding well with decision makers at VW. Welcome back to Critical Materials, your daily roundup for all things EV and automotive tech.
What is that uncertainty, you may ask? Well, just a little thing called the U.S. presidential election. Here's a snippet from Automotive News on the topic: China’s top electric-vehicle maker BYD won’t announce a major plant investment in Mexico until at least after the U.S. election, according to people familiar with the matter, as shifting American policy forces global businesses into wait-and-see mode.
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