Search results for OBBBA
Crypto
Trump says bitcoin could be added to child investment accounts; if U.S. doesn\'t, China will
U.S. President Donald Trump for the first time publicly suggested bitcoin could be included in a government child tax-advantaged investment account, though no policy has been decided. Asked at a White House event launching the “Trump Account” programme, he said it “could happen.” Bitcoin rose about 1.8 percent. The account, created under a 2025 law, provides $1,000 for eligible children and restricts withdrawals until age 18.
Mobility
Slate switches to Gotion LFP battery from SK On NMC, keeps price and boosts range
U.S. electric vehicle startup Slate has switched the battery for its electric pickup truck due for release this year from a nickel-cobalt-manganese (NMC) chemistry to lithium iron phosphate (LFP), and changed its supplier from SK On to Gotion. The company plans to use LFP packs made at Gotion’s Illinois plant, citing cost and supply-chain considerations. Slate set the base price at $24,950 and said range rises to 205 miles, while peak output falls to 181 horsepower.
Industry
LG Energy Solution posts Q1 operating loss of 207.8 billion won, swings to red
LG Energy Solution posted a first-quarter operating loss of 207.8 billion won due to initial costs from expanding its North American energy storage system production base, and lower volumes of EV pouch products for a strategic customer. Revenue fell 2.5 percent from a year earlier to 6.56 trillion won but rose 1.2 percent from the previous quarter. The company said North American production incentives reflected in results totaled 189.8 billion won.
