China is considering temporarily easing quotas designed to boost production of electric cars to help automakers badly bruised by the coronavirus pandemic to revive slumping sales, people familiar with the matter said.
The coronavirus pandemic is hobbling U.S. efforts to produce lithium, rare earths and other materials used in electric vehicles and high-tech equipment, dealing a blow to President Donald Trump's plan to curb Chinese control of the strategic minerals sector.
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Volkswagen's expansion in electric cars will open up new business opportunities in storing and managing energy, encroaching on business currently dominated by utilities and energy firms, chief strategist Michael Jost said on Thursday.
Lyft Inc will roll out a fleet of several hundred electric bikes for rent across New York City, the company said on Wednesday, 10 months after it pulled them following complaints and injury reports.