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EV delays lead to battery delays

Posted on - 12 Dec 2023

Category - News & Views

We reported on the decisions by Ford (NYSE:F) and General Motors (NYSE:GM), as well as other car manufacturers, to delay their EV roll outs in the previous issue. Now it looks as though those delays are starting to have knock on effects on cell plant investments as well. Volkswagen (ETR:VOW) is delaying a decision on whether to build a fourth battery plant, which would have been based in Europe. The company initially announced plans to build six gigafactories in Europe by 2030, to be operated by its PowerCo subsidiary, but it later decided to add one in North America after...

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