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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: The Lightning logo is seen on the side of an all-new Ford F-150 Lightning electric pickup truck outside the Ford Motor World Headquarters in Dearborn, Michigan, U.S., April 26, 2022. REUTERS/ Rebecca Cook/File Photo
BusinessElectric Vehicles (EVs)News

Ford urges its managers to buy more EVs with new leasing policy

The company changed a leasing program it offers to eligible current and former managers, now requiring them to order an electric Mustang Mach-E...

FILE PHOTO: A gavel and a block is pictured at the George Glazer Gallery antique store in this illustration picture taken in Manhattan, New York City, U.S., August 18, 2020. REUTERS/Andrew Kelly/Illustration/File Photo
AutomotiveElectric Vehicles (EVs)News

Progressive to pay $48 million to settle claims it undervalued wrecked cars

The settlement covers New York policy holders from July 28, 2015 to the present. Each member of the settlement class is expected to...

FILE - This image provided by NOAA, shows a North Atlantic right whale in the waters off New England, May 25, 2024. Rep. Buddy Carter, R-Ga., has proposed a years-long delay to changes to federal rules meant to protect vanishing whales, prompting a rebuke from environmental groups who say the animals need protection now. (NOAA via AP, File)
BiodiversityMaritimeNewsPoliticsRegulationsTrade

Environmental groups decry attempt to delay shipping rules intended to save whales

The rules are designed to protect the North Atlantic right whale, which numbers less than 360 and is vulnerable to collisions with large...

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.

AnalysisElectric Vehicles (EVs)ElectricityPoliticsReportsSolarStorageTradeWind

‘Race to the Top:’ Where China, Europe and the U.S. are in the clean tech competition

Report from RMI: China is currently leading in several clean technology sectors, there remain significant chances for Europe and the United States to...

FILE PHOTO: The logo of a Tesla electric vehicle is placed on a car outside a dealership in Drogenbos, Belgium November 25, 2023. REUTERS/Yves Herman/File Photo
BusinessElectric Vehicles (EVs)NewsTransport

Tesla’s quarterly deliveries fall less than expected; shares rally

The automaker said price cuts and other incentives had helped to stimulate demand.

FILE PHOTO: A Nikola Hydrogen Fuel Cell EV is displayed during the press day preview of the Los Angeles Auto Show in Los Angeles, California, U.S. November 16, 2023.  REUTERS/David Swanson/File Photo
AutomotiveBusinessHydrogenNewsTransport

Nikola’s hydrogen fuel cell truck deliveries surge in Q2, beating expectations

(Reuters) -Nikola said on Tuesday deliveries of its hydrogen-fuel cell trucks surged 80% in the second quarter from the previous three months, signaling...

FILE PHOTO: An American Airlines plane sits at a gate at Logan Airport ahead of the July 4th holiday in Boston, Massachusetts, U.S., June 28, 2023. REUTERS/Brian Snyder/File Photo
AviationBusinessElectric Vehicles (EVs)ElectricityHydrogenHydropowerNewsSustainable Aviation Fuel

American Airlines in 100 hydrogen-electric engines deal with startup

(Reuters) -American Airlines has agreed to a provisional deal for 100 hydrogen-electric engines from aviation startup ZeroAvia, the carrier said on Tuesday, to...

FILE PHOTO: A Polestar 2 electric car is seen in Stockholm, Sweden in this undated photo obtained February 27, 2019. Polestar/Handout via REUTERS
BusinessElectric Vehicles (EVs)NewsPoliticsTrade

Polestar posts loss, plans steps to offset tariffs on China-made EVs

The Swedish company currently makes all its electric vehicles in China.

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