Battery specialist Umicore forewarns challenges amid electric vehicle market deceleration
Wednesday, 12 June 2024, 07:11
Umicore Flags Market Concerns
Umicore, a reputable battery specialist, has raised alarms regarding a slowdown in electric vehicle demand.
Challenges Ahead for Suppliers
Belgian company highlights the deterioration in demand from major carmakers, hinting at potential impact on suppliers.
- This slowdown reflects underlying market dynamics
- Market observers are wary of implications on key industry players
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