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GM, Ford Turn EV Battery Bust Into Energy Storage Bet
The biggest U.S. legacy automakers look to turn the losses from their underutilized electric vehicle battery capacity into a new profitable business to seize the soaring demand for battery storage energy systems.
Summary
The biggest U.S. legacy automakers look to turn the losses from their underutilized electric vehicle battery capacity into a new profitable business to seize the soaring demand for battery storage energy systems. GM and Ford, which, due to poor demand, have written down billions of U.S.
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