Battery startup ONE – once a high-flying unicorn – is cutting staff, again
Michigan-based EV battery startup ONE, Our Next Energy – considered one of the most valuable privately held companies in the US and Biden’s darling for homegrown batteries – is once again cutting its workforce after months of problems.
Crain’s Detroit Business reports that the company has cut another 37 jobs, with 24 located in Michigan. The majority of those jobs are administrative roles, the company stated.ONE is among the many players in the race to develop an LFP battery pack on North American soil.…