two years global automakers

In the past two years, global automakers have faced increasing challenges from EV manufacturers. The price war initiated by Tesla and BYD has put even more pressure on multinational automotive giants, whose profits have been dwindling and are on the verge of losses. In September of this year, General Motors (GM) announced that it was exploring ways to collaborate with South Korea’s Hyundai Motor to reduce costs, including joint vehicle development. The European automotive sector has also been thrown into chaos, with Volkswagen threatening to close its German factories for the first time in its 87-year history, lay off workers สล็อต เว็บตรง