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Biden said the new goal keeps the U.S. on track to achieve net-zero greenhouse gas emissions economy-wide by 2050. It calls for reducing net emissions by 61% to 66% below 2005 levels in 2035.

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.

Honda Motor Co. and Nissan Motor Co. are exploring a potential merger, according to people familiar with the matter, which would create a singular rival to Toyota Motor Corp.

Based on data from some of the North American freight industry’s largest carriers, fleet-wide fuel efficiency averaged 7.77 mpg in 2023, compared with 7.62 mpg in 2022.

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.

After winning breathing room with its bankers to look for additional funding earlier in December, Lion said it failed to raise any cash and was now in default on debt repayments.

ATP is one of the largest owners in Northvolt with a stake of about 5%. The value of that holding “probably won’t be very far from zero.”

Almost 600 of the Volvo Group AB unit’s battery-electric straight trucks and tractors are now operational in the U.S. and Canada, collectively driving more than 200,000 miles every week.