2024-09-03 17:43:49
Brands in Europe, which do not anticipate the rise of electric cars, are struggling against BYD, Nio, Geely which sell battery models 25% to 30% cheaper than others.
Smartphones, computers, search engines, social networks, e-commerce… old Europe has missed all these changes and has none of the world leaders in these areas that have changed the world for forty years. To console himself, he used to show his car manufacturers playing in the big leagues. With all its brands (Volkswagen, Audi, Seat, etc.), the German Volkswagen is the silver medalist in this sector worldwide, after the Japanese Toyota. Renault-Nissan-Mitsubishi Alliance is in fourth place and Stellantis (Peugeot, Citroën, Fiat Chrysler, etc.) is fifth.
But, under the attack of their Chinese rivals, teams with their roots in Germany, France, Italy, Spain or somewhere on the continent are struggling. « The whole European car industry is in a very dangerous situation »believes Volkswagen boss Oliver Blume. Here’s the read in…
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