The fate of around 2,000 additional temporary staff remains uncertain, the people said, declining to be named because a final decision hasn’t been made yet.
Lackluster economic growth as well as higher energy, living and borrowing costs in Europe have weighed on demand for its ID fleet of EVs.
The company hired around 2,700 temporary workers at the Zwickau facility near the Czech border to meet expected surging EV demand.
But orders from corporate clients — which account for around 70% of the IDs built at the plant — have been plummeting since a federal subsidy for battery-powered company vehicles expired this month, one of the people said.
It remains unclear how the competitive landscape for Chinese-made cars develops after the European Union on Wednesday said it’s launching an investigation into Chinese EV subsidies to ward off a flood of cheap imports.
Germany is gradually reducing support also for private buyers over the coming months, raising the cost of the ID models that are already more expensive than similar offerings from Stellantis NV and Renault SA.
The original article contains 338 words, the summary contains 176 words. Saved 48%. I’m a bot and I’m open source!
This is the best summary I could come up with:
The fate of around 2,000 additional temporary staff remains uncertain, the people said, declining to be named because a final decision hasn’t been made yet.
Lackluster economic growth as well as higher energy, living and borrowing costs in Europe have weighed on demand for its ID fleet of EVs.
The company hired around 2,700 temporary workers at the Zwickau facility near the Czech border to meet expected surging EV demand.
But orders from corporate clients — which account for around 70% of the IDs built at the plant — have been plummeting since a federal subsidy for battery-powered company vehicles expired this month, one of the people said.
It remains unclear how the competitive landscape for Chinese-made cars develops after the European Union on Wednesday said it’s launching an investigation into Chinese EV subsidies to ward off a flood of cheap imports.
Germany is gradually reducing support also for private buyers over the coming months, raising the cost of the ID models that are already more expensive than similar offerings from Stellantis NV and Renault SA.
The original article contains 338 words, the summary contains 176 words. Saved 48%. I’m a bot and I’m open source!