AD #3617 - Big Oil Gets Into EV Batteries; Mach-E a Sales Flop in China; Toyota Reports Break-Out Earnings
About this episode
Big oil companies are entering the EV battery market, with Xon Mobile negotiating lithium supply deals and exploring direct lithium extraction technology. Ford is struggling with Mach-E sales in China, handing over operations to partner Changan for improvements. Toyota reported strong earnings with record profits, while Nissan's North American operations remain crucial despite overall sales decline. Kia posted record US sales, driven by electrified models. Challenges in China's booming new energy vehicle market include rising quality complaints. Stellantis is investing in battery production training, and new EV models like Chevy Blazer EV and Nissan Z receive updates on pricing and performance.
Chevrolet Blazer EV
"...cessing of the battery packs. Chevy says that the Blazer EV will start being delivered to customers soon, so ..."
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