Proterra to cut jobs, merge electric bus and battery production in South Carolina

Proterra

19/01/2023 23:25

Jan 19 (Reuters) - Proterra Inc  PTRA.O  said on
Thursday it plans to cut more jobs and combine electric bus and
battery production in South Carolina as it looks to trim costs. 
    The electric-bus maker's exit from its City of Industry
facility in California, along with the additional planned job
cuts, will impact about 300 roles this year, it said. 
    "The consolidation of manufacturing sites will also allow
the company to better manage ongoing supply-chain disruptions
and decrease facilities costs," the company said in a statement.
    The move comes as electric-vehicle makers including
Stellantis NV  STLA.MI  and Nikola Corp  NKLA.O  tighten
spending in the face of consumer affordability concerns in the
United States.  urn:newsml:reuters.com:*:nL4N33R00Q  urn:newsml:reuters.com:*:nL4N2Y32XB
    More U.S. consumers want to buy an electric vehicle but are
worried about rising prices, according to a survey by consulting
firm Deloitte.  urn:newsml:reuters.com:*:nL4N33C2SX
    In December, Stellantis said it would indefinitely idle an
assembly plant in Belvidere, Illionois, citing high EV costs. 
 (Reporting by Aishwarya Nair in Bengaluru; Editing by Devika
Syamnath)
 ((Aishwarya.Nair@thomsonreuters.com; +91-9167838937 Twitter: https://twitter.com/Aishwaryartrs
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