Job Change x Trending News] What’s Going to Happen to the Auto Industry? Summary of the U.S. Presidential Election Results and Their Impact

Here you will find trending news topics in the automotive and mobility markets around the world.

We carefully select interesting news in the automotive industry, both domestic and international, and translate and summarize the contents for your reference. We hope you will find it useful in catching up with the latest news in the industry.

Trump’s election is certain: What will be the impact on the Japanese economy; What about preferential policies for electric vehicles?

Nov 6, 2024 by NHK

Trump’s victory in the U.S. presidential election is likely to change U.S. EV policy, which in turn could affect the Japanese auto industry.

Trump has opposed the Biden administration’s EV preferential policies, while deepening his relationship with Tesla’s Musk. He has also indicated a policy of high tariffs on imported vehicles, and has been particularly tough on imports from Mexico. These policy changes could have a significant impact on the business strategies of Japanese manufacturers that are investing in EVs in North America and have production facilities in Mexico.

Read Full Article

U.S. decides to finance construction of lithium battery reuse facility before Trump takes office.

Nov 8, 2024 By Reuters

The U.S. Department of Energy has finalized a $475 million loan for a lithium-ion battery recycling facility that Lee Cycle Holdings plans to build in New York State, USA.

The facility is an important part of President Biden’s EV supply chain initiative, with the remainder of the $960 million total project cost to be funded from private sources.

Amid growing concerns about renewable energy support after Trump’s presidential victory, the Biden administration is rushing to complete the financing and approve the project before the end of his term. Completion of the facility is expected to take between one year and one year and three months.

Read Full Article

Acceleration of Factory Relocations from China to Southeast Asia in Preparation for Trump’s Tariffs on China

Nov 11, 2024 By Reuters

The reelection of former President Trump has accelerated the relocation of Chinese companies’ factories to Southeast Asia.Trump has promised to impose a 60% higher tariff on Chinese goods, and Southeast Asian countries such as Thailand, Malaysia, and Vietnam are expected to benefit from this.

Chinese companies are already relocating to Thailand’s industrial parks, and real estate developers such as WHA Group and Amata are responding to a surge of inquiries from China. Chinese investment in Thailand’s EV industry has also reached $1.4 billion, and Malaysia is expecting $100 billion in new investment in the semiconductor sector.

Southeast Asian countries are seeking to take advantage of this opportunity while maintaining relations with both the U.S. and China.

Read Full Article

List of Career Change x Trend News