The Western auto industry is now locked in a 'Darwinian' make-or-break battle with China, the chiefs of 2 major automakers warn
Briefly

Ola Källenius highlighted that the competition facing Western automakers is akin to a 'Darwinistic-like price war' where many current players may not survive. He emphasized the need for innovation and investment to endure the turbulent market phase.
Källenius noted that while electric vehicles (EVs) are more expensive to produce, they are cheaper for Chinese consumers than combustion vehicles, which complicates competition for Western automakers.
Read at Business Insider
[
|
]