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The EV Red Ink Keeps Coming
As companies lose money, Biden keeps rolling out the subsidies.The Wall Street Journal - World -
Why Workplaces Are Increasingly Important for EV Charging
A new report from ChargePoint and CBRE found that 70 percent of prime office buildings now have EV charging ports, and charging sessions have jumped by 64 percent.Inc. - Business -
G.M. to Retire the Chevy Malibu to Make More EVs
The gasoline-powered Malibu was the last affordable sedan sold by Chevrolet, the General Motors brand, in the United States.The New York Times - Tech -
FirstFT: Toyota plans investments in EVs and AI to compete against Chinese rivals
Also in today’s newsletter, Hong Kong court bans protest anthem and Xi Jinping praises Hungary’s ‘independent’ foreign policyFinancial Times - World -
China’s BYD and Neta target Indonesia market with EV investments
Automakers plan local operations to break into market dominated by Japanese playersFinancial Times - World - China -
South Korea Plans Push to Pivot EV Battery Industry Away From China
South Korea is dedicating around $7 billion to help wean its electric-vehicle battery supply chain away from China and align more with U.S. trade guidelines.The Wall Street Journal - Business - China -
VP Harris Announces $100 Million for Small Auto Parts Firms as U.S. Fights for Competitive EV Edge
Small-business auto suppliers could score a grant of up to $300,000 under one of the new programs just announced.Inc. - Business -
Chinese EV maker Nio to launch its lower-priced brand Onvo on May 15
Chinese electric car company Nio said Thursday it will launch its lower-priced brand called Onvo on May 15.CNBC - Business