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Western car makers look to slash EV costs to fight Chinese invasion

Western car makers look to slash EV costs to fight Chinese invasion
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France generalThierry pietonCarlos tavaresGilles guillaumeOla kaelleniusChief executive luca de meoJato dynamics

Renault Group posts record 7 6% operating margin in H1 | Automotive News Europe

Among vehicles driving the revenue and profit gains was the new Austral compact SUV, which has the highest per-vehicle margin in the company's history.

Thierry pietonParis renault groupMercedes benz group

Chinese EV Invasion Forces Western Rivals to Slash Costs

Western car giants are being forced to slash their production costs in a desperate bid to compete with Chinese rivals, like BYD and SAIC. An “invasion” of…

Thierry pietonReaking news

Western car makers look to slash EV costs to fight Chinese onslaught

In 2022, Chinese car makers had a 9% share of Europe's EV market, nearly double the previous year's figure.

Thierry pietonCarlos tavaresOla kaelleniusChief executive luca de meoJato dynamics

Europe s automakers cut costs to compete with Chinese EVs

Chinese automakers such as BYD and SAIC are using lower labor costs and local battery suppliers to get a head start over Western rivals as they target European markets for their EVs.

Thierry pietonRenault group

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