General Motors continues to build its Ultium Cells battery plant near Lansing as the automotive industry confronts slower-than-expected electric vehicle sales and high capital costs to build them. As it cuts costs, GM is pausing construction at its Orion Township Assembly factory, which was paired with the Ultium factory for over $600 million in state economic development incentives.

Long-awaited guidance from the US Treasury Department that could prevent automakers from buying materials from China will likely resemble regulations aimed at protecting the US semiconductor industry, industry experts told S&P Global Commodity Insights.