91��Ƶ

The Texas oil giant is making several forays into low-carbon energy even as it expands fossil fuel production faster than its rivals.

The lithium mine closure has spurred speculation that Beijing might move to suspend other projects as it tackles overcapacity across the economy.

“To stay competitive, GM will temporarily source these packs from similar suppliers to power our most affordable EV model,” the company said in a statement.

The deal includes Northvolt’s flagship factory and a research and development facility, both in Sweden, and the site of a future factory in Germany.

The deal should eventually boost the carmaker’s slowing energy storage business.

The funding lets Lyten acquire intellectual property related to energy storage systems, in addition to its previously announced deal on Northvolt’s Polish assembly plant.

Battery material makers’ stocks climbed as the U.S. set to impose preliminary antidumping duties of 93.5% on graphite imports from China.

The Commerce Department imposed preliminary antidumping duties of 93.5% on Chinese imports of graphite, a key battery component.

General Motors and LG Energy Solution plan to add more battery production lines at their joint venture plant in Tennessee to make lower-cost cells starting in late 2027, the companies said.

California startup Lyten is buying a Polish energy-storage factory from Northvolt in a bid to become a global leader with its sulfur-based batteries.