Obama will attend a groundbreaking ceremony for a plant that will manufacture advanced batteries for Chevrolet and Ford electric cars. The Compact Power plant in Holland, Mich., is the ninth factory to begin construction following the $2.4 billion investment in advanced batteries and electric vehicles Obama announced last August.

Investment into Russia's car industry may top $40 billion in the upcoming ten years, after the Russian government has given the go-ahead to the country's car strategy on Thursday. At a meeting with Vladimir Putin, Prokhorov said he hopes to make 10,000 models a year in Togliatti, as Russia seeks to cash in on growing demand for electric vehicles.