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Story summary
- AESC shelved a third production line at its UK gigafactory after battery talks with Jaguar Land Rover stalled.
- AESC also postponed two Nissan lines because Nissan’s demand fell short.
- Nissan halted one of its two Sunderland assembly lines to shift production to cars for China’s Chery.
- AESC secured a £1 bn refinancing with UK government funds, raising doubts about its microgrid.
