Porsche said a 16% drop in global sales of its electric Taycan were "due to supply chain bottlenecks and limited component availability."
Author: Michael Wayland
The sourcing of materials and batteries for EVs is a major part of the federal tax credits of up to $7,500 for consumers under the Inflation Reduction Act.
The vote was being closely watched as such battery plants are viewed as crucial for automakers to transition to all-electric cars and trucks.
The vote was being closely watched as such battery plants are viewed as crucial for automakers to transition to all-electric cars and trucks.
The organizing vote of Ultium Cells LLC is set for Wednesday and Thursday. Roughly 900 workers will be eligible to vote.
With new EVs and SUVs, the company's Hyundai, Kia and Genesis brands are expected to capture nearly 11% of the U.S. new vehicle market this year.
The event will focus on General Motors' plans through 2025, including "rapid scaling" of its new EVs and "Ultifi" software initiatives.
Moving forward with the Prius as other automakers vow to go all-electric in the years ahead is part of Toyota CEO Akio Toyoda's electrification strategy.