GM says it will seek reimbursement from LG Chem for $1B Chevy Bolt recall losses
www.techcrunch.com American automaker General Motors expanded its recall of Chevrolet Bolt electric vehicles on Friday due to fire risks from battery manufacturing defects. The automaker said it would seek reimbursement from LG Chem, its battery cell manufacturing partner, for what it expects to be $1 billion worth of losses. …
Japan’s B2B ordering and supply platform CADDi raises $73 million Series B funding
www.techcrunch.com With COVID-19 disrupting the entire manufacturing supply chain including semiconductor shortages, companies across multiple industries have been struggling to seek a procurement solution that can rebalance the gap between supply and demand. … Read More