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China And EVs: GM, Ford, And Stellantis Prepare A Defense Plan

21 Feb 2024 | Abstracted from Forbe

US manufacturers are scrambling to keep up with the radically lower cost of the Chinese cars, even taking into account the steep import tariffs that they face...BYD got to top spot because they have a completely different strategy to most US and European manufacturers.

"Ford and GM have both made decisions to simplify offerings, cut costs, and lower prices. There are lots of reasons to believe that these firms will outlive Chinese competitors."

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