Battery Factory Shut Down: €437M in Funding Lost
Just 2.8% of new cars sold in Europe were fully electric in 2019. By 2023, that figure had surged to over 18%. This explosive growth, fueled by ambitious EU regulations and consumer demand, requires a massive scaling of battery production. But what happens when those plans unravel? The recent cancellation of ACC’s gigafactory in Kaiserslautern, … Read more