Main points (to make up for the clickbaity title):

Challenge to bring down European EV manufacturing costs

Lower costs to close price gap with China EVs

China EV sales account for 8% of European total through July

Renault’s R5 EV to be 25%-30% cheaper than Scenic/Megane

MUNICH, Sept 4 (Reuters) - Europe’s carmakers have a fight on their hands to produce lower-cost electric vehicles (EVs) and erase China’s lead in developing cheaper, more consumer-friendly models, executives said at Munich’s IAA mobility show.

“We have to close the gap on costs with some Chinese players that started on EVs a generation earlier,” Renault (RENA.PA) CEO Luca de Meo told Reuters at the car show, adding when manufacturing costs decline, prices will also go down.

…continues

  • Hazdaz@lemmy.world
    link
    fedilink
    English
    arrow-up
    7
    ·
    1 year ago

    No argument there.

    That’s where governments should have stepped in and said “woah. WTF are you guys doing?”

    But in a free market economy, it is considered bad when governments tell companies what to do, usually.