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A wave of layoffs hits EV battery companies


It’s been a tough few weeks for workers at next-gen and traditional EV battery companies, with hundreds of employees in the US and Europe losing their jobs. Call it new industry growing pains: Companies are struggling to bridge the gap between early-stage products and the high-volume production that will be needed down the line, reports The Information. Battery makers also are looking to save cash as costs surge and investors move their funding to less risky prospects. Read more…

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