Weekly Digest 24.9.24
24-year-old YouTuber and EU politician speaks up about freedom of speech concerns, "Degrowth" mindset cured by Draghi's "competitiveness"?, and Palantir co founder on why lack of big EU tech companies
Listen to European Dynamism EP1
EU Founder of the Week 🏆: Janne Wallenius, Peter Szakalos, and Jesper Ejenstam of Blykalla: Small modular nuclear reactors.
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eu/acc Bucharest · Luma
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Automotive Cells Company (ACC) has paused construction on two of its planned gigafactories in Germany and Italy, a significant development in the European electric vehicle (EV) battery supply chain. This decision reflects the industry's response to declining demand and a strategic shift towards lithium iron phosphate (LFP) batteries, which are cheaper but less powerful than lithium-ion alternatives. The move underscores the challenges faced by manufacturers in balancing production capabilities with market needs, particularly as Europe seeks to enhance its battery localization efforts amid global competition. The halt highlights the evolving landscape of the EV market and the critical role that battery technology will play in shaping the future of sustainable transportation in the region.
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