Tuesday, 02 January 2024 12:17 GMT

Concerns Grow As Chinese Evs Penetrate North American Market


(MENAFN- Investor Brand Network) Concerns are growing as Chinese electric vehicles penetrate the North American market, with policymakers and automakers watching a combination of trade shifts, price pressure, and global oversupply bring foreign competition closer to U.S. consumers than previously expected. What once felt like a distant challenge is now becoming a tangible strategic issue for domestic manufacturers, and recent trade decisions in Canada have added urgency to those worries.

The strategies that North American automakers like Lucid Motors (NASDAQ: LCID) implement over the coming years will determine whether they catch up...

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