Stellantis and CATL’s Euro Venture: Redefining EV Affordability with New Battery Facility

Stellantis and China’s CATL are charting a strategic course to reshape the landscape of electric vehicles (EVs) in Europe with plans to establish a collaborative EV battery plant. This innovative initiative marks a concerted effort by the European carmaker to produce cost-effective batteries, ushering in a new era of affordable electric mobility.

Ford Adapts EV Plans: Navigating Shifts in Demand and Costs

Ford Adapts EV Plans: Navigating Shifts in Demand and Costs

Ford Motor Company recalibrates its course in the electric vehicle (EV) landscape, making strategic adjustments to its $3.5 billion battery plant project in Michigan. The decision, influenced by slower-than-anticipated consumer uptake of electric vehicles, escalating labor expenses, and a corporate drive to optimize expenditure, signals the company’s adaptability amidst evolving market dynamics.