Overview

• ACC has stopped work on battery factories in Kaiserslautern, Germany, and Termoli, Italy.
• The company is considering a switch to lithium iron phosphate (LFP) cells, which are less expensive but have lower energy density.
• ACC cites slower-than-expected EV demand growth in Europe as a factor in their reassessment.
• LFP cells are seen as a viable option for mass-market EVs, particularly as Western automakers face competitive pressure from Chinese manufacturers.
• The decision on the future of the paused factories is expected by the end of the year.