Why Europe’s automobile disaster is usually made in China | FT #shorts

The automotive business, which employs almost 14mn individuals and accounts for 7 per cent of the EU’s GDP, is confronting an ideal storm. Vehicle gross sales within the area haven’t recovered to pre-pandemic ranges and better rates of interest are miserable demand

#automobiles #autoindustry #europe #carindustry #china #evs #electricvehicle

Produced and edited by Paolo Pascual.

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