The company behind the plan for a massive battery plant in southwestern Ontario says uncertainty in the electric vehicle market and U.S. President Donald Trump’s tariffs aren’t causing a rethink, as it marks a new milestone for the project.
PowerCo SE, founded by automaker Volkswagen, is currently building a gigafactory in St. Thomas, Ont., to produce batteries for its growing electric vehicle range.
Germany’s Porsche is closing battery subsidiary Cellforce, reports say
According to German media reports, the sports car maker has decided to largely shut down its battery-making and research subsidiary Cellforce, cutting hundreds of jobs.
German sports car giant Porsche plans to close the majority of operations at its subsidiary Cellforce, a factory for high-performance battery cells.
According to the German newspaper Der Spiegel, the sports car manufacturer plans to lay off around 200 of its 286 employees at the factory in Kirchentellinsfurt, Germany.
h/t Mauser
