Solaris exits Canada for Switzerland with new CEO, board and spin-out plans
The company changed its board of directors and plans to spin out non-core assets La Verde, Capricho, and Paco Orco into a new company.
President Joe Biden’s plan to build out electric-vehicle infrastructure has triggered a fresh rally in the sector, with US automakers making bold commitments to electrify their fleets.
Problem is, electric cars run on lithium-ion batteries, and the US is in short supply.
While China dominates the battery manufacturing supply chain, and Europe is working to catch up, the US still lags far behind.
CNBC producer Katie Brigham interviewed analysts and executives to explain what needs to happen in order to avoid a bottleneck in EV production in the United States:
