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Lordstown Motors Shares Plunge as Investors See Problems

Soon after, G.M. found a buyer who promised to return auto jobs to the region: Steve Burns, the chief executive of a small electric-van business, Workhorse Group. That company had a rough design for an electric pickup truck and an electric helicopter.Mr. Burns decided to leave Workhorse to form a new company to make the truck, and he agreed to buy the Lordstown plant for his new venture for just $20 million.But the deal was announced so hastily — Mr. Trump had said on Twitter of Ms. Barra, “I asked her to sell it or do something quickly” — that …

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E-Commerce Mega-Warehouses, a Smog Source, Face New Pollution Rule

And the industry is surging. Last year, Inland Empire, a region close to the Los-Angeles-Long Beach port where retailers and manufactures offload billions of dollars in goods, added 23 million square feet of new warehouse construction, an area the equivalent of nearly 500 football fields.“Where we live, these warehouses are popping up like Starbucks,” said Ivette Torres of the People’s Collective for Environmental Justice, a local nonprofit organization that has campaigned for warehouses to address their role in air pollution.Operators of warehouses larger than 100,000 square feet (roughly two football fields) are required to earn points to make up for …

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Lithium Mining Projects May Not Be Green Friendly

Atop a long-dormant volcano in northern Nevada, workers are preparing to start blasting and digging out a giant pit that will serve as the first new large-scale lithium mine in the United States in more than a decade — a new domestic supply of an essential ingredient in electric car batteries and renewable energy.The mine, constructed on leased federal lands, could help address the near total reliance by the United States on foreign sources of lithium.But the project, known as Lithium Americas, has drawn protests from members of a Native American tribe, ranchers and environmental groups because it is …

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China Is Set to Rule Electric Car Production

ZHAOQING, China — Xpeng Motors, a Chinese electric car start-up, recently opened a large assembly plant in southeastern China and is building a matching factory nearby. It has announced plans for a third.Another Chinese electric car company, Nio, has opened one large factory in central China and is preparing to build a second a few miles away.Zhejiang Geely, owner of Volvo, showed off an enormous new electric car factory in eastern China last month rivaling in size some of the world’s largest assembly plants. Evergrande, a troubled Chinese real estate giant, has just built electric car factories in …

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Tesla’s Latest Solar Stumble: Big Price Increases

On an October evening five years ago, Elon Musk used a former set for “Desperate Housewives” to show off Tesla’s latest innovation: roof shingles that can generate electricity from the sun without unsightly solar panels.After delays, Tesla began rolling out the shingles in a big way this year, but it is already encountering a major problem. The company is hitting some customers with price increases before installation that are tens of thousands of dollars higher than earlier quotes, angering early adopters and raising big questions about how Tesla, which is better known for its electric cars, is running …

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An E.V. Start-Up Backed by UPS Does Away With the Assembly Line

“This is about getting the best, optimal delivery vehicle for us,” Mr. Wake said.Globally, UPS operates a fleet of about 120,000 vehicles, and around 13,000 of them use alternatives to diesel engines such as batteries.In addition to UPS, BlackRock and the South Korean automakers Hyundai and Kia have invested in Arrival.Electric vehicle companies have attracted frenzied interest from investors, who hope to find the next Tesla, which is valued at more than $650 billion, more than G.M., Ford Motor, Toyota Motor and Volkswagen combined. Wall Street’s interest has encouraged a parade of fledgling companies — some, including Arrival, that …

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Biden’s Push for Electric Cars: $174 Billion, 10 Years and a Bit of Luck

But production is only one piece of the puzzle. The transition away from gas-powered vehicles rests on convincing consumers of the benefits of electric vehicles. That hasn’t been easy because the cars have higher sticker prices even though researchers say that they cost less to own. Electricity is cheaper on a per mile basis than gasoline, and E.V.s require less routine maintenance — there is no oil to change — than combustion-engine cars.The single biggest cost of an electric car comes from the battery, which can run about $15,000 for a midsize sedan. That cost has been dropping and …

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How Volkswagen’s Sins Fueled Its Redemption

Christian Strenger, a vocal Volkswagen critic and a former member of the commission that wrote Germany’s corporate governance code, sees little chance the company’s overseers will expose themselves to more scrutiny. The supervisory board has only one member out of 20 who is not a representative of the three main shareholders or Volkswagen employees.“Nothing will change as long as the old guard is there,” Mr. Strenger said.The diesel scandal remains a financial burden. The company disclosed in its annual report this week that potential liabilities from lawsuits, such as one by shareholders claiming the company misled them, …

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Volkswagen Aims to Use Its Size to Head Off Tesla

Volkswagen is going all in on electric cars, with plans to build battery factories in Europe, install a network of charging stations and slash the cost of emission-free travel.That was the message Monday as the German carmaker staged a so-called Power Day to showcase its latest electric car technology. The event was Volkswagen’s answer to Tesla’s Battery Day presentations, which draw intense attention from investors and electric car buffs.The session included a number of attention-getting announcements, including a promise that Volkswagen would cut the cost of batteries by up to 50 percent by the end of the …

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Why Japan Is Holding Back as the World Rushes Toward Electric Cars

TOKYO — Just over a decade ago, Nissan became the first automaker to offer a mass-produced car that ran on batteries alone. That hatchback, the Leaf, has been a smash hit, at least by electric car standards, with more than 500,000 sold by the end of last year.But as the trail that Nissan blazed becomes increasingly crowded, Japan’s mighty auto industry is in danger of being left behind. While governments and automakers worldwide are staking out bold pledges to transition to electric-only vehicles, Japanese car companies and regulators are hedging their bets.Japan dominates the global market for the current …

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