EV Battery Maker Urges EU to Lower Energy Costs to Compete with China

In a bold move addressing the challenges faced by the European electric vehicle (EV) industry, a prominent battery manufacturer has called on the European Union (EU) to enact policies that will significantly reduce energy costs. The plea comes as European firms struggle to cope with rising production expenses while competing against Chinese companies that benefit from lower electricity prices.

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Lucid Motors CEO Confident in Electric Vehicle Maker's Stability Amid Political Turbulence

In a recent statement, Peter Rawlinson, CEO of Lucid Motors, conveyed his unwavering confidence in the future of the electric vehicle (EV) manufacturer, even in the face of potential shifts in U.S. government policy under a new administration. Speaking at the annual meeting with investors, Rawlinson emphasized that Lucid's operational strategies and market positioning are primed to weather any political changes that may arise, particularly if former President Donald Trump returns to power in the next election.

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