The Shift Towards Southeast as a Hub for Electric Vehicle Manufacturing

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Discussion on the increasing foreign investment in the US electric vehicle industry, particularly in the Southeast region, with examples like Toyota's $8 billion investment in North Carolina's battery manufacturing plant. The chapter explores the shift in the automotive industry and highlights the role of foreign investors in building South Carolina's EV and battery supply chain.

The Federal Reserve held interest rates steady, and people are now being allowed to cross the border from Gaza into Egypt. Plus, competition for foreign investment in electric vehicles is pitting the US southeast against the automotive heartland of the Midwest.

Mentioned in this podcast:

US Federal Reserve holds interest rates at 22-year high

Egypt allows first evacuee departures from Gaza

Can America’s south-east unseat Detroit as ‘Motown’ of the EV age?

Investing in America live

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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