Leading battery makers are scaling back their North American investments and laying off workers as the US electric vehicle industry wrestles with sluggish demand. LG Energy Solution, one of the world’s top three EV battery producers that has joint ventures with General Motors, Honda and Hyundai in the US, announced this month it was laying off 170 workers at its plant in Michigan. Fellow South Korean battery maker SK On, which signed an $11bn deal with Ford in 2021 to help electrify the US carmaker’s fleet, said it was also putting workers on furlough as it reduces output at its plant in Georgia...

The electric vehicle industry is working to develop batteries that do not rely on lithium, cobalt, or other rare earth minerals, seeking to reduce dependence on monopolized supply chains and improve environmental sustainability...

The market rallied into Thanksgiving. Nvidia fell on earnings, but rival AMD broke out. Tesla discounts are ramping up after Elon Musk's "truth" post...

A jury should decide whether Tesla and Elon Musk oversold the capabilities of the electric car company's Autopilot system and caused the fatal crash of a software engineer who engaged it, took his hands off the steering wheel and seconds later slammed into a truck, a Florida judge has ruled. Circuit Judge Reid Scott rejected Tesla's motion to summarily dismiss Kim Banner's lawsuit accusing the company of causing her husband Jeremy Banner's death in 2019. In a 23-page ruling, Scott found that Kim Banner's attorneys presented sufficient evidence to let the case proceed to trial sometime next year...