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Facing Chinese EV rivals, Europe's automakers squeeze suppliers on costs

Retrieved on: 2024-02-25 19:08:50

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Facing Chinese EV rivals, Europe's automakers squeeze suppliers on costs. View article details on HISWAI: https://www.theglobeandmail.com/investing/markets/stocks/STLA/pressreleases/24333251/facing-chinese-ev-rivals-europes-automakers-squeeze-suppliers-on-costs/

Summary

The article discusses the pressure on European automakers like Renault to reduce electric car costs to compete with cheaper Chinese EV makers like BYD, highlighting the challenges in optimizing supply chain efficiencies within the automotive industry.

Article found on: www.theglobeandmail.com

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