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LG Energy Solution discusses battery production with Chinese suppliers for the EU

Teslarati

He added that the South Korean company is considering three locations, Morocco, Finland, and Indonesia, to produce LFP Cathodes with Chinese material suppliers for the EU market. Currently, many automakers are experiencing a slowing demand for electric vehicles due to high prices.

Chinese 130
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UNEP: export of used cars to developing world creating significant environmental problems

Green Car Congress

However, it also shows that where countries have implemented measures to govern the import of used vehicles—notably age and emissions standards —these give them access to high-quality used vehicles, including hybrid and electric cars, at affordable prices.

Morocco 186
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The War in Ukraine Disrupts Trade in Both Food and Fuel

Cars That Think

Since the start of the war, soaring energy prices have lifted this import bill to about $23 billion a month, making the EU a significant de facto financier of the Russian invasion: three-quarters of a billion a day! Belatedly, in May, the EU produced its REPowerEU plan , which is intended to drastically reduce this dependence.

Ukraine 82
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Stellantis Investors Fume Over CEO Pay Amid Job Cuts, Plant Closures, Supplier Strife

The Truth About Cars

However, Stellantis is also trying to shift EV assembly to places like Morocco due to their lower-than-average labor costs. Many of our supplier partners understand that to overcome the challenges of vehicle affordability, they must operate with the same level of commitment to reduce their costs," Stellantis told Crain's.

Legal 113
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LG Energy Solution eyes site in Morocco for EU supply chain

Teslarati

LG Energy Solution (LGES) is eyeing a site in Morocco for a battery production plant. The South Korean battery supplier plans to produce batteries in Morocco and export them to Europe. “Morocco is a key candidate for this expansion due to its strategic location and growing industrial capabilities,” said Wonjoon Suh.

Morocco 121
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Chinese-made cars account for one in five BEV sales in February in Europe | Autocar Professional

Baua Electric

As a result, cars made in China outsold cars made in Italy, Korea, Morocco, and Romania, while also closing the gap between cars made in Turkey and the UK. Despite the strides they have made in regard to performance and affordability, increasing awareness and shifting longstanding perceptions will take time.” in February last year.

Chinese 52
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My Tour Operator Is a B Corp. What Does That Mean? Should I Care?

Baua Electric

When it comes to travel, she also values environmentally and socially responsible companies, which led her to choose Intrepid Travel , a certified B Corp company, for a tour in Morocco in 2019. For budget travelers or those of less economic means, it can be challenging to find affordable travel companies with B Corp certifications.