Bloomberg China’s government is leaning toward allowing provinces continue with local subsidies for electric vehicles to sustain the rising demand for new-energy automobiles in the country, according to people familiar with the matter. Authorities are in favor of abandoning an earlier proposal to scrap local incentives, the people said, asking not to be identified as the discussions are private. In ...

Bloomberg Samsung SDI Co., a battery supplier to carmakers including BMW, plans to recycle cobalt from used mobile phones as companies around the world scramble to secure supplies of the metal amid surging prices. The plan fuels a trend among battery makers to reduce dependence on the Democratic Republic of Congo as a source of cobalt. The African country — ...

Bloomberg Ford Motor Co. is spending $25 million more at its Kentucky factory to pump out more of the profitable big sport utility vehicles that are critical to funding its ambitious — and expensive — electric and self-driving vehicle plans. The investment will allow the second-largest US automaker to boost production of the new Lincoln Navigator and Ford Expedition by ...