China’s Spending on Green Energy Is Causing a Global Glut

Listen to article (1 minute) China’s newest solar-energy manufacturers include a dairy farmer and a toy maker. The new entrants are examples of a green-energy spending binge in China that is fueling the country’s rapid build-out of renewable energy while also creating a glut of solar components that is rippling through the industry and stymying … Read more

The Electric-Car Era Needs a Lot of Really Big Trees

Demand for utility poles is high due to infrastructure spending and grid upgrades.

Tesla Raises Wages for German Workers Amid Union Pressure

BERLIN—Tesla is boosting factory worker pay in Germany amid an aggressive unionization drive, a move that comes as Chief Executive Elon Musk may face similar organizing attempts in the U.S. Tesla’s management in Germany late last week unveiled a package of wage increases for workers during Musk’s visit to the so-called Gigafactory on the outskirts … Read more

Nio to Cut Jobs, Investment in Face of Rising Competition

Chinese electric-vehicle maker Nio will reduce positions this month and cut or defer some investment, moves aimed at boosting the upstart company’s viability as it contends with widening losses and rising competition. Shanghai-based Nio will cut about 10% of positions, William Li, the company’s founder and chief executive wrote in an internal letter to staff … Read more

Ford Retrenches Further on EVs, Citing Waning Demand

Updated Oct. 26, 2023 7:15 pm ET Ford Motor posted $1.2 billion in net income in the third quarter, swinging from a loss in the prior-year period, but it withdrew its guidance for the year, citing the impact of the United Auto Workers strike. The company also said it is pushing out $12 billion in … Read more

Detroit Revs Up Venture-Capital Deal Making

Oct. 25, 2023 6:00 am ET|WSJ Pro An unlikely city sits near the top of a venture-capital list: Detroit. Long a symbol of industrial decline, the Motor City ranked second, ahead of destinations such as Berlin and Miami, in a PitchBook Data report on venture-capital ecosystems worldwide that have shown the most growth, scoring high … Read more

EU New Car Sales Rose in September Driven by Hybrids, EVs

New passenger-car registrations rose in September, driven by higher sales of fully electric and hybrid-electric vehicles, the European Automobile Manufacturers’ Association said Friday. Registrations, which reflect sales, increased 9.2% to 861,062 units last month compared with a year earlier, according to the industry group, known as ACEA. This marks the EU car market’s fourteenth consecutive … Read more

Ford Considers Cutting Shift at F-150 Lightning Pickup Plant, UAW Memo Says

Updated Oct. 14, 2023 11:22 am ET Ford Motor is considering cutting a work shift at the plant where it builds its electric F-150 Lightning pickup as demand for the EV truck falters, according to a memo from a United Auto Workers official.  Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Reference

China Evergrande New Energy Vehicle's Investor Casts Doubt on Investment

Ongoing troubles at beleaguered property developer China Evergrande have cast a shadow over Nasdaq-listed NWTN’s investment in its electric vehicle unit. Source link

Volvo, Renault, CMA CGM to Produce Electric Vans

Volvo and Renault will launch a new company, which CMA CGM plans to join, with creation expected in early 2024, and which will operate under its own corporate identity and be based in France. Source link