Oooooooooooooooooooops!!!!!!!!!!!Stellantis continues to show...

Oooooooooooooooooooops!!!!!!!!!!!

Stellantis continues to show that they are going to be the first victim of EV revolution. They are always back or in the wrong direction. Years before they were buying Tesla's credits to comply with EU's CO2 emission limits because they hadn't enough EV on the market to compensate their ICE fleet.

https://www.teslarati.com/stellantis-eliminate-buying-emissions-credits-tesla/

Now they demonstrate that they are again late to market sentiment. What the ooooooops news by euneged says is that Stellantis needs to pivot to cheaper batteries. A natural consequence of EV market evolution, and a natural consequence of expanding a new technology from luxury sector to mass adoption. (And Stellantis didn't see it). They are following Nokia and Kodak.

Don't trust any news that includes the pet phrase "amid (anything)...". They are mixing facts that normally are not cause and consequence:

REUTERS:
MILAN, June 4 (Reuters) - ACC, a battery joint venture backed by carmakers Stellantis (STLAM.MI), and Mercedes (MBGn.DE) has paused work on factories in Germany and Italy as the company switches to lower cost batteriesamid slowing demand for electric vehicles.The company said on Tuesday it needed to research and develop low-cost batteries to supply cheaper EVs and that it would confirm its industrial and construction timeline in late 2024 or early 2025.

So, Stellantis says that it has paused the factory to switch to the kind of batteries that will be needed in the future, Reuters adds the magical pet phrase that all journalists love ("amid slowing demand"), and finally non-brilliant people like eugened understand that the factory will never come into production because no one is buying EVs. Eugened is the kind of product of the new era: people unable to make a critical reading. He/she will be tricked on and on by journalists. Don't follow him/her.