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Chevrolet Bolt EV battery production resumes


WASHINGTON: General Motors Co said on Monday that battery production for its recalled Chevrolet Bolt electric vehicle had resumed and that battery replacements will begin next month.

GM said supplier LG battery plants in Holland and Hazel Park, Michigan, have resumed production and LG is adding capacity to provide more battery cells to GM.

Last week, the largest U.S. automaker said it would extend a shutdown of a Michigan assembly plant to mid-October following a new recall of its Bolt electric vehicles over battery issues after 13 reported fires. GM declined Monday to say when it might resume production of the vehicles.

GM shares recovered some of their earlier losses after the announcement, closing down 3.8% at $49.37.

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Infineon opens Austria plant early in chip capacity boost



VILLACH, Austria: Germany's Infineon opened a 1.6 billion euro ($1.9 billion) plant in Austria on Friday, boosting its ability to supply power chips for cars, data centres and renewable power.

Infineon is adding capacity as global semiconductor supply chains remain under extreme stress, with most leading carmakers being forced to idle production due to chip shortages.

The Villach factory, ready three months early, will make chips on 300 mm wafers thinner than a human hair, operating in tandem as a 'megafab' with an existing German plant in Dresden.

"Our timing in adding new capacity couldn't be better, considering growing demand for power-management semiconductors," CEO Reinhard Ploss said before an opening ceremony with Austrian Chancellor Sebastia

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