US Automakers Diversify Into Energy Storage As EV Demand Weakens

(MENAFN- Investor Brand Network) As the dynamics of the electric vehicle market change in the wake of the end of purchase subsidies for customers and supply chain challenges, U.S. automakers have turned to the energy storage industry as a way to utilize their production capacity for batteries and protect their investments.

For car companies like Tesla Inc. (NASDAQ: TSLA) that have for been producing BESS for a long time, this latest wave of interest in energy storage systems provides an additional force to help them deepen their market penetration, especially in the...

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