The 4,200 car equivalent unit (CEU) dead freight pure car and truck carriers (PCTC) will be delivered by Fujian Mawei Shipbuilding by 2026.

Almost two-thirds of senior automotive executives say they cut their backlogged orders by 61% while another 34% expect to reduce their backlogs over the next 12 months.

About $2 billion in grants for advanced vehicles will come from the Inflation Reduction Act while another $10 billion will be provided by the Energy Department’s Loans Program Office.

The two companies will spend a total of $7.59 billion on the plant and create 8,500 new jobs in Bryan County, Georgia.

The charges claim that both companies refused to bargain in good faith over wages and benefits during contract negotiations held over the last six months.

The standoff threatens to shut down a major section of the U.S. economy for the second time in five years.

The collaborations for the battery plant could range from a joint venture and the sharing of knowledge to experimentation and licensing agreements, Tata said.

The latest skirmish in the trade war between the U.S. and China provides yet another reminder of why American high-tech manufacturers need to diversify their supply of critical raw materials.

The chair of the committee will be Anthony Foxx, a professor of practice of public leadership at Harvard University's Kennedy School of Government.

The potential legal claim is related to a binding term sheet in negotiations with the electric-vehicle giant for the supply of spodumene concentrate, Core said August 16.