The firm is aiming to shift to underground production next month, and maintains everything is on schedule
VW has team in place to sell battery arm stake, but operating losses may limit interest
Upstream ventures that could help build new non-China lithium supply chains for EV batteries inch forward
The US heavyweight is passing on lower production costs but electric pick-up competition just got hotter
Sales of US OEM Ford’s F-150 Lightning have somewhat underwhelmed since the firm began deliveries at the start of 2022. But it is now hoping that price cuts of up to almost $10,000 of the list price and improved vehicle availability will kickstart growth that has stalled after an initial build-up in sales.
However, US EV pureplay Tesla has finally seen the first of its long-delayed Cybertruck electric pick-up finally roll off the production line. And competition in the space is only going to get hotter with more models on the way.
What Tesla looks like by the end of the decade could be radically different
Its Wuling JV’s budget BEVs still not set to go global
Stellantis brand says it is best-in-class in Europe
The Amsterdam-headquartered conglomerate joins Renault and Tesla in Teutonic turmoil
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