US Carmakers Struggle to Sell Electric Vehicles as Chinese Market Surges Ahead

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Automotive News

US Carmakers,Electric Vehicles,Chinese Market

US carmakers are facing difficulties in selling electric vehicles (EVs) due to inferior products, while the Chinese market is experiencing a surge in sales. Chinese electric cars are praised for their performance and affordability, leading to increased demand. On the other hand, US carmakers are struggling to bring competitive EVs to the market. Additionally, weak demand has caused them to scale back on factory expansion plans for electric vehicles.

US carmakers are struggling to sell electric vehicles (EVs) because its products are inferior, while the Chinese market powers ahead, according to one of the world’s biggest battery materials manufacturers. Mathias Miedreich, chief executive of Umicore, said sales of Chinese electric cars were surging in contrast to the US due to better performance and affordability. “They are simply good cars and people buy them,” he said in an interview, referring to Chinese vehicles.

“The American ones seem to struggle to bring good electric vehicles.” The boss of the Belgian producer of cathode materials for EV batteries, which counts Volkswagen, BMW and China’s Envision AESC among its customers, added that US carmakers were also pulling back on factory expansion plans for electric vehicles because of weak demand

 

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