As EV sales slump, Volkswagen scales back battery factories buildout
Briefly

"Building battery cell factories is not an end to itself" according to VW's Thomas Schmall, who emphasizes that actual demand will guide their expansion plans.
Schmall acknowledged that the 200 GWh lithium-ion cell target set for 2030 is not definitively fixed, suggesting a more flexible approach based on market conditions.
Despite earlier optimism around EV affordability, a price premium remains for initial buyers, compounded by soaring interest rates and market inventory shortages.
Both General Motors and Ford are also downscaling their electrification plans, indicating a broader industry trend of cautious optimism toward electric vehicle production.
Read at Ars Technica
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