News Formal

Global EV Price War Looms as US and China Compete for Market Dominance

  • 📰 hackernoon
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 51%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Follow the competition in the global EV market as US and Chinese automakers engage in a price war, leading to potential job losses and market disruptions.

The electric vehicle market is heating up in the global arena with the US and China gearing up for yet another price war. While US car giants are slashing prices, China is negotiating hard to set up shop in Europe. In fact, the pending EV competition in Europe could mean job losses in the future.

International Energy Agency fossil fuel demand will peak Last year, US automaker General Motors launched its luxury electric Cadillac Lyriq in France, an expansion of its market in Europe after returning last year and a test of whether online-only sales will attract wealthy car buyers .

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 532. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Global market update: Mixed opening for APAC shares as key US data loomsGlobal market update: Mixed opening for APAC shares as key US data looms
Source: Investingcom - 🏆 450. / 53 Read more »