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“To stay competitive, GM will temporarily source these packs from similar suppliers to power our most affordable EV model,” the company said in a statement.

The two companies also will develop four vehicles for Central and South American markets.

The tax package that President Donald Trump signed into law last month included a rule change that attacked what’s been an important source of revenue for Rivian and Tesla for years.

The depot will include at least eight trailer-enabled fast-charge stalls for Class 8 trucks, alongside chargers for medium- and light-duty vehicles, with 24/7 access.

California-based carrier Nevoya raised $9.3 million in seed financing to bolster its expansion plans, the company said July 22.

Americans bought 310,800 EVs in Q2, a 6.3% drop from the year-earlier period. However, the sales dip — 21,000 vehicles — was nearly equal to the slump in transactions for Tesla.

Stellantis on July 21 announced a surprise $2.7 billion first-half net loss, while analysts had expected a small profit. The maker of Jeeps is tallying the costs of trade wars.

Battery material makers’ stocks climbed as the U.S. set to impose preliminary antidumping duties of 93.5% on graphite imports from China.

The Commerce Department imposed preliminary antidumping duties of 93.5% on Chinese imports of graphite, a key battery component.

Cenntro secured 260 orders for its new Logistar 210 electric commercial vehicle in the first half of 2025, as the company begins deliveries in Europe.