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A wave of layoffs hits EV battery companies

Summary by Ground News
Companies are struggling to bridge the gap between early-stage products and the high-volume production that will be needed down the line. Battery makers also are looking to save cash as costs surge and investors move their funding to less risky prospects. Michigan-based EV battery startup ONE, Our Next Energy, cutting its workforce by 25% as part of a revised business plan.

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ElectrekElectrek
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A wave of layoffs hits EV battery companies

It’s been a tough few weeks for workers at next-gen and traditional EV battery companies, with hundreds of employees in the US and Europe losing their jobs.

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Electrek broke the news on Thursday, November 30, 2023.
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