Is Europe the solution to China’s EV glut?

NEWS-FINANCE -QUOTE-EDUCATIONAL AND MOTIVATIONAL

Not so long ago Chinese-made cars were considered badly designed and poorly made. But government subsidies, China’s rare-earth dominance and its famously nimble production processes have turned the country’s EV industry into the world’s largest. Nowadays Chinese EVs are well-made, chock full of great technology…and cheap.

But there are roadblocks. At home, a price war rages and few of the country’s hundred or so manufacturers turn a profit. Meanwhile governments abroad are weary of Chinese competition.



Source link

Related Posts

Leave a Reply

Your email address will not be published. Required fields are marked *