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Part of the problem is that the industry is handling secondhand EVs for the first time. While combustion-engine cars can be quickly valued via their age and mileage, there are no tests in widespread use that determine the quality of a battery.
American electric vehicle manufacturer Rivian plans to cut down its workforce in an attempt to control costs as the company battles falling cash reserves and a potential price war with competitors.
Over a thousand employees at Stellantis’ assembly plant in Illinois are potentially set to lose their jobs as the company struggles with rising manufacturing costs.