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Northvolt says it will continue construction of a $7-billion factory on Montreal's South Shore "as planned" -- hours after its CEO said the Swedish battery manufacturer would hit the brakes on its international development plan to refocus on its plant back home. An aerial view of the land being developed by Northvolt, the new EV battery plant being built by the Swedish manufacturer in Saint-Basile-le-Grand, east of Montreal, Que.,Thursday, May 16, 2024. THE CANADIAN PRESS/Christinne Musch
Electric Vehicles (EVs)IndustryManufacturingNews

Northvolt says it will continue EV battery plant project near Montreal ‘as planned’

The statement comes hours after its CEO said the Swedish battery manufacturer would hit the brakes on its international development plan.

FILE PHOTO: A Toyota Logo is seen at a Toyota dealership in Zaventem, Belgium, November 25, 2022. REUTERS/Johanna Geron/File Photo
AutomotiveBusinessFinanceIndustryManufacturingNewsTransport

Toyota’s Q2 US auto sales up 9% on SUV demand

The company, a unit of Japan's Toyota Motor Corp, sold 621,549 vehicles in the quarter, compared with 568,962 units a year earlier.

FILE PHOTO: A staff member looks at Tesla's new Model 3 sedan displayed next to Model X SUV at the China International Fair for Trade in Services (CIFTIS) in Beijing, China, September 2, 2023. REUTERS/Florence Lo/File Photo
BusinessElectric Vehicles (EVs)EmissionsManufacturingNews

Tesla deliveries set to fall for second straight quarter

The electric vehicle maker is facing stiff competition from China.

The Edgar Thomson steel plant in Braddock, Pennsylvania, which has been producing since 1875, would go to Nippon Steel under a proposed buyout of United States Steel (AFP)
BusinessConstructionIndustryManufacturingNews

Nippon Steel fight points to industry’s uncertain future in Pennsylvania

US Steel's deal with Nippon Steel has proved controversial.

FILE PHOTO: Saudi Aramco logo is pictured at the oil facility in Abqaiq, Saudi Arabia October 12, 2019. REUTERS/Maxim Shemetov/File Photo
BusinessFuelHydrogenIndustryManufacturingNews

Saudi Aramco close to agreeing 10% stake in Renault, Geely thermal engines JV: sources

Saudi Aramco is set to take a 10% stake in a thermal engine joint venture between Renault and China's Geely called Horse Powertrain.

FILE - A Model X sports-utility vehicle sits outside a Tesla store in Littleton, Colo., June 18, 2023. An air quality board has ordered electric car manufacturer Tesla to stop illegally polluting the air in the San Francisco Bay Area. (AP Photo/David Zalubowski, File)
Electric Vehicles (EVs)EmissionsManufacturingNewsRegulations

Tesla ordered to stop releasing toxic emissions from San Francisco Bay Area plant

Tesla's EV manufacturing facility in the Bay Area has racked up over 100 violations for allegedly releasing emissions into the atmosphere over the...

FILE PHOTO: A Volkswagen logo is seen on a Volkswagen ID.5 electric car on display at a showroom of a car dealer in Reze near Nantes, France, November 13, 2023. REUTERS/Stephane Mahe/File Photo
AutomotiveBusinessElectric Vehicles (EVs)ManufacturingNews

Volkswagen’s $5 billion investment in Rivian boosts EV maker’s shares

The partnership will help Volkswagen accelerate its plans to develop software-defined vehicles (SDV).

FILE PHOTO: A view shows the ExxonMobil oil refinery in Port-Jerome-sur-Seine, France, March 8, 2023. REUTERS/Pascal Rossignol/File Photo
BusinessLabourManufacturingMineralsNatural GasNewsOil

ExxonMobil says French refinery may be suspended if strike continues

PARIS (Reuters) – ExxonMobil may need to suspend production at its Gravenchon refinery in northern France if striking workers continue to block access...

FILE PHOTO: A survey vessel sails past wind turbines at the Burbo Bank offshore wind farm near New Brighton, Britain, January 23, 2023. REUTERS/Phil Noble/FILE PHOTO
Electric Vehicles (EVs)EmissionsManufacturingNewsPoliticsWind

EU leaders want more green industry in Europe, draft shows

Leaders from the EU will meet on Thursday for a two-day summit to discuss policy goals.

FILE PHOTO: A Tesla Cybertruck is pictured parked in the Manhattan borough of New York City, U.S. June 23, 2024. REUTERS/Agustin Marcarian/File Photo
BusinessElectric Vehicles (EVs)ManufacturingNewsTransport

Tesla recalls Cybertrucks over wiper, trim issues in latest setback

In a further blow for the electric vehicle giant, an issue with a windshield wiper, which could lead to reduced visibility, has been...

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