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Ford abandons ‘European electric vehicles by 2030’, ‘engine hybrid sales’, GM Malibu ‘discontinuesFord Motor Company gave up its policy of producing full electric vehicles in Europe by 2030 and announced a revised plan to ‘sales of engine hybrids in Europe’ and gave up its policy of producing full electric vehicles in 2035. “With the slowing adoption of electric vehicles in Europe, we believe we..

U.S. Big 3 Hybrid Sharp Turn, LG Ensol Samsung SDI Battery ‘Fatal Injury’ As the Big 3 American automobile companies make a sharp shift to focusing on hybrids this year, Korea's investment in batteries in the United States appears to be suffering a fatal blow. Reuters reported on the 15th, citing Morgan Stanley, that hybrid sales in the United States increased five times faster than electric veh..

Ford GM ‘discards’ investment in electric vehicles, ‘4-fold increase’ in hybrid gasoline vehicle production American automaker Ford GM postponed its investment in electric vehicles and announced increased production and sales of hybrid and gasoline vehicles. Ford Chief Financial Officer John Lawler wrote in an investor note on the 26th that the company will “defer some of its planned multibillio..

The G7 finance ministers' meeting resolved to "strengthen cooperation with low-income partners in the supply chain" in a statement on "global economic uncertainty." “Financial instability has led to uncertainty about the global economic outlook, and we will continue to closely monitor developments in the financial sector,” said the G7 Finance Ministers and Central Bank Governors Conference in a ..

The strategy of relying on the US Inflation Reduction Act (IRA) to block Chinese lithium iron phosphate LEP batteries that are 2/3 the price of Korean 3-ion batteries and to grow rapidly in the Korean stock market has failed. The U.S. changed battery minerals from China to ‘produced in the U.S.’ for anode materials for LEP batteries by supporting renewable battery companies. On the 9th, the US D..