Automakers
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This week, the chief executives of U.S. automakers Ford and General Motors (GM) said that to counter Chinese rivals moving into the U.S. and European markets, they are open to working together to cut electric vehicle (EV) technology costs. At a conference sponsored by Wolfe Research, GM CEO Mary Barra told investors, “If there are…
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The proliferation of low-cost Chinese electric vehicles (EVs) has put traditional automakers under immense pressure to accelerate their efforts in producing affordable EVs. In response, these automakers are collaborating with various suppliers, from battery materials manufacturers to chipmakers, to streamline costs and expedite the development of budget-friendly electric cars. Andy Palmer, Chairman of UK-based startup…
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