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DENSO, a Japanese automotive parts supplier, has announced a new investment in sustainable e-mobility. The company will invest ¥100 billion (about $800 million) over the next five years to develop new technologies for electric vehicles. This includes technologies for batteries, motors, and charging systems.

Stellantis, the world's fourth-largest automaker, has reported that its EV sales grew 110% in the third quarter of 2023. The company also said that it is on track to meet its goal of having 75% of its sales in Europe be electric by 2030.

In a major boost for the UK automotive industry, Nissan has announced plans to build three new electric car models at its Sunderland plant. The investment of £1 billion will create 6,000 new jobs and make Sunderland the UK's center for electric vehicle (EV) production.

The automotive industry is undergoing a transformative shift as electric vehicles (EVs) steadily gain momentum. President Biden has made the transition to EVs a cornerstone of his administration's climate agenda, proposing a slew of policies and incentives to promote their adoption. While these efforts have been met with enthusiasm from environmentalists and EV advocates, some critics have raised concerns about the potential costs for consumers and the broader economy.