. Adding jobs also ingratiates automakers with local governments and potentially provides manufacturers a seat at the table as EV and battery regulations are shaped.
In general, partnering to establish a battery plant can improve communication between automakers and suppliers when it comes to battery development. A jointly operated facility allows the stakeholders to quickly communicate and act on potential issues as well as improvements in battery design or production.
Automakers must compete with traditional rivals as well as upstart EV manufacturers like Tesla for a small but growing pool of customers: EVs are expected to account for Want to read more stories like this one? Here's how to get access: Join thousands of top companies worldwide who trust Business Insider Intelligence for their competitive research needs. >>