Europe's automakers look to slash EV costs to fight Chinese 'invasion'

BYD Seagull side DB web.jpg — BYD is among Chinese automakers targeting Europe for sales growth. (DOUGLAS A. BOLDUC)

By:

from staff and wire reports

July 27, 2023 01:06 PM

European automakers are concerned about an "invasion" of cheap Chinese electric cars in the region, prompting Renault to say that it was aiming to slash production costs for electric models by 40 percent.

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