Stellantis May Pull Manufacturing From China
Cites geopolitical, local-competition issues.
Cites geopolitical, local-competition issues.
Big EV battery, materials supplier says cutting it out is ‘discriminatory.’
Ongoing shortage forcing brands to trim production, especially in North America.
The price of lithium carbonate, a key EV battery component, has tripled over past year as demand spikes.
Tesla Inc. has had to shut down its plant in Shanghai for a total of 12 production days in recent weeks because of China’s COVID-19 lockdowns.
China’s Covid-Zero policy could cause global vehicle production to lose 2% of growth in 2022, equivalent to about 1.5 million units.
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