New ideas in how to control vehicles and how to build them better earn 11 suppliers a total of 12 Automotive News PACE Awards for 2022.
Automakers are still shaving back production plans due to semiconductor shortages, but the worst-case scenario for North America just got a tiny bit better.
Envision AESC was one of the industry's first EV battery producers. Now it's committing $2 billion to boost its U.S. market presence.
Japan's Envision AESC will invest $2 billion to build a battery-cell and module plant in Kentucky to supply Mercedes-Benz and multiple other automakers.
The industry is settling into the new year acknowledging that it's not out of the woods yet on chip shortage disruptions.
Huge investments are going into U.S. EV battery production capacity. But that will require upstream parts and materials that are not common to the North American industry.