World News@lemmy.worldEnglish · 1 year ago

Fear of cheap Chinese EVs spurs automaker dash for affordable cars

www.reuters.com

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Fear of cheap Chinese EVs spurs automaker dash for affordable cars

www.reuters.com

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World News@lemmy.worldEnglish · 1 year ago

The rise of inexpensive Chinese electric vehicles has upped the pressure on legacy automakers who have turned to suppliers, from battery materials makers to chipmakers, to squeeze out costs and develop affordable EVs quicker than previously planned.

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US dealership model is aping prices.

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