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Volkswagen Group will spend C$69 million ($48.1 million) on a 9.9% stake in lithium miner Patriot Battery Metals to secure raw materials for electric vehicles.

XIAMEN, China — The world’s largest maker of batteries for electric vehicles said Dec. 18 it will get into battery swapping in China in a big way starting next year.

WASHINGTON — While Republicans capped 2024 with a presidential victory, the Biden administration has been rushing to advance as many infrastructure and microchip projects as it can.

President-elect Donald Trump’s vow to repeal subsidies for electric vehicles risks pushing Republican congressional allies into conflict with their home-district economic interests.

The average price of lithium-ion battery packs has fallen the most in seven years,  a development likely to accelerate price parity between electric vehicles and gasoline-powered cars.

Mack Trucks now has 65 electric vehicle certified dealers in North America, it said.

The U.S. government is considering whether to provide a loan of up to $550 million to help developing a nickel and cobalt mine in Brazil’s Northeast.

DETROIT — The reliability of electric vehicles and plug-in hybrids has dramatically improved, narrowing a wide gap with gas-powered automobiles, according to the latest survey by Consumer Reports.

Mach Capital, the investment arm of Canadian real estate developer Groupe Mach, is in discussions to provide more funding to cash-strapped electric bus and truck manufacturer Lion Electric.

DETROIT — General Motors has reached an agreement to sell its stake in a nearly completed electric vehicle battery plant in Lansing, Mich.