KOMMONSENTSJANE – Is the Electric Revolution Coming to an End? EV Maker Faces Major Problems, Slashes Production in Half | China controls most of the raw battery material

Reblogged on kommonsentsjane/blogkommonsents.

https://dailybrowse.wordpress.com/2022/08/05/is-the-electric-revolution-coming-to-an-end-ev-maker-faces-major-problems-slashes-production-in-half-china-controls-most-of-the-raw-battery-material/

Have you ever seen the Democrats do anything for our country that is good for the taxpayers?

kommonsentsjane

Daily Browse

In the latest blow, EV maker Lucid Group slashed its production outlook by 50 percent, citing supply-chain disruptions and “logistical challenges,” The Wall Street Journal reported on Thursday.Other factors contributing to the expected shortfall are increased competition in the EV market and skyrocketing prices of raw materials amid the runaway inflation that has become the hallmark of Joe Biden’s failed presidency.This is the second time in the past eight months the California automaker has cut its production projections. Lucid now expects to make just 6,000 to 7,000 cars this year.In February, the electric vehicle company had cut its outlook from 20,000 vehicles to 12,0

In the latest blow, EV maker Lucid Group slashed its production outlook by 50 percent, citing supply-chain disruptions and “logistical challenges,”The Wall Street Journalreported on Thursday.

Other factors contributing to the expected shortfall are increased competition in the EV market and skyrocketing prices of…

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About kommonsentsjane

Enjoys sports and all kinds of music, especially dance music. Playing the keyboard and piano are favorites. Family and friends are very important.
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