������ý

General Motors Co. is going on a hiring binge to accelerate its development of electric vehicles.

Volkswagen AG CEO Herbert Diess vowed to pursue a sweeping transition to electric cars, declaring it a matter of survival even as the coronavirus risks upending business in the near term.

Volvo Trucks North America announced it will begin selling its Volvo VNR Electric model Dec. 3 as production at its New River Valley manufacturing plant in Dublin, Va., is slated for early 2021.

Both of the major-party presidential candidates have said they support electric vehicles, but a Joe Biden win could bring changes to significantly speed up the adoption of cars and trucks built by the likes of Tesla Inc. and Nikola Corp.

South Korea’s LG Chem Ltd. won shareholder approval to hive off its superstar battery business, with investors betting the division has a better chance to thrive as a stand-alone entity.

Automakers are investing billions of dollars to bring new electric vehicles to consumers in the U.S. and other global markets, but their success hinges on securing the most critical and expensive component: the battery.

Continental AG is exploring a sale of its turbocharger unit as the German auto-parts maker conducts a major restructuring to stem losses, according to people familiar with the matter.

General Motors Co. is investing more than $2 billion in six U.S. plants, including a makeover of a former Saturn plant in Tennessee into its third factory to produce electric models.

Tesla Inc. will start exporting Model 3 cars made at its gigafactory on the outskirts of Shanghai to Europe later this month, the automaker said in a statement sent via WeChat.

Workhorse Group Inc. shares fell briefly after a short seller published a report accusing the startup electric-vehicle manufacturer of “misleading investors” and alleging it’s unlikely to win a key contract to supply postal trucks.