Electric cars: Chinese carmakers outpace German giants
11 August 2023 | 3:23 pm
High costs, lower demand, fiercer competition — the German automotive industry is coming under pressure. The lucrative Chinese market, in particular, is proving difficult as Chinese consumers choose national brands.
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It's being hailed as an electric vehicle breakthrough: the solid-state battery. The auto industry is investing heavily in the technology, which could improve driving range and safety while cutting production costs.
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