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German industry tightens its belts in the face of the upheavals of the electric car

Summary by lesechos.fr
While investing heavily in its green transformation, Volkswagen is putting an end to around 1,000 fixed-term contracts at its Zwickau plant, which has been 100% converted to the production of electric models two years ago. BASF is giving up investment projects in nickel, cobalt and lithium.

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