Europe could end reliance on China for battery production by 2027
Europe is well-positioned to nearshore its entire battery production by 2027, ending reliance on China ...
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By Alex Lennane
It’s not good news for carriers – but it will certainly bring US politicians out in a smile. Increasingly, especially in the automotive business, manufacturing jobs are returning to the US, after, as Ross Perot predicted in 1992, jobs migrated to Asia with a ‘giant sucking sound’. The article explains why – but perhaps more interestingly – lists some of $14 billion in new automotive investments.
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