#ev-market-downturn

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#battery-manufacturing #automotive-industry #job-layoffs #electric-vehicle-supply-chain #lucid-motors #layoffs
US news
fromFortune
1 week ago

Nearly 1,000 workers laid off at SK Battery plant in Georgia as companies cancel EVs and Trump Admin eliminates auto company incentives | Fortune

SK Battery America laid off 958 workers at its Georgia plant due to declining EV demand and automakers' shifting electrification strategies.
Venture
fromBusiness Insider
3 weeks ago

Read the memo: Tesla rival Lucid cuts 12% of its US workforce as EV winter takes hold

Lucid Motors is cutting 12% of its U.S. workforce, excluding hourly production staff, to reduce costs and pursue profitability amid plunging EV demand.
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