The partnership will focus on the collection, transportation, breaking down and processing of end-of-life lithium-ion EV batteries from the midwest and eastern U.S.

The plan makes EVs ineligible for tax credits if they use more than a trace amount of materials from China or other nations designated as a “foreign entity of concern."

The 234-meter-long, 40-meter-wide ship would be the world’s largest PCTC with 14 decks that allow 11,000 car equivalent units to be stored simultaneously.

CEO Oscar Sevilla said in a December 6 letter to clients seen by Bloomberg News that “the macroeconomic factors working against Mercon have persisted for longer than expected."

Instances of harsh braking were higher the week before and after Thanksgiving when compared to the actual week of the holiday.

The arrest and seizure of materials took place during a raid in London, the U.K. Serious Fraud Offices said December 6.

Italy’s BRI participation was set to be automatically renewed in March 2024 before the country notified China it was withdrawing from the initiative.

The Japanese carmaker will receive gearboxes and engines for 12 of its plants, as well as half a million parts annually, the companies said December 6.

Ninety-three percent of the workers in the warehousing/storage industry reported they were paid hourly while an additional 12% said they had to take on another job.

The company laid off 75% of its U.S. staff on December 4, bringing TuSimple’s total global workforce to just 700 full-time employees.