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Porsche's battery subsidiary, Cellforce Group, will lay off approximately 200 of its 286 employees, according to a union representative. This move comes after Porsche abandoned plans to increase battery production due to lower-than-expected demand for electric vehicles. The layoffs are another setback for Europe's efforts to compete in the electric car battery market, dominated by Chinese companies. Porsche itself announced job cuts earlier this year, citing challenges in the Chinese market.
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