Assault on battery: The impact of EV slowdown on battery investments
With a slowdown in enthusiasm for battery electric vehicles, the battery industry is wrestling with a combination of oversupply, underutilization of capacity and lower return on investment.
Since the second half of last year, the electric vehicle segment is facing strong headwinds, much to the surprise of many, as EVs have been witnessing a strong demand in the last few years in several markets around the world. The ambitious zero-emission (ZEV) sales targets by both governments and the automakers painted a rosy picture about the EV industry and how quickly it is expected to evolve.
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