boem@lemmy.world to

Technology@lemmy.worldEnglish · 2 years ago

Fear of cheap Chinese EVs spurs automaker dash for affordable cars

www.reuters.com

cross-posted to:
hackernews@derp.foo

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Fear of cheap Chinese EVs spurs automaker dash for affordable cars

www.reuters.com

boem@lemmy.world to

Technology@lemmy.worldEnglish · 2 years ago

cross-posted to:
hackernews@derp.foo

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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2 years ago
That’s possible too. It’s not like the US doesn’t give businesses loans and grants for upscaling.

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