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ACC officially cancels planned Gigafactories in Germany and Italy amid slower EV growth

On February 16, CEO of Automotive Cells Company (ACC) officially announced the decision to cancel its planned battery factories in Kaiserslautern, Germany and Termoli, Italy.
Although the EV market is still growing, it is expanding more slowly than expected. European carmakers, including Stellantis and Mercedes-Benz,....

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