The German woes....
QUOTE
Europe’s economic engine is breaking down
By William Wilkes & Jana Randow / Bloomberg
26 May 2023, 06:45 am
Updated - 03:56 pm
...Nowhere is Germany’s disappearing technological edge more obvious than in the auto sector. While brands like Porsche and BMW defined the combustion-engine era, Germany’s electric cars have struggled. BYD Co overtook VW to become the best-selling car brand in China last quarter. Key to its push was an electric model that costs around a third of VW’s ID3, but offers greater range and connectivity with third-party applications....
By William Wilkes & Jana Randow / Bloomberg
26 May 2023, 06:45 am
Updated - 03:56 pm
...Nowhere is Germany’s disappearing technological edge more obvious than in the auto sector. While brands like Porsche and BMW defined the combustion-engine era, Germany’s electric cars have struggled. BYD Co overtook VW to become the best-selling car brand in China last quarter. Key to its push was an electric model that costs around a third of VW’s ID3, but offers greater range and connectivity with third-party applications....
The above is just a tip of the icebergs, read on to know how worrisome it is
This post has been edited by EnergyAnalyst: May 26 2023, 10:59 PM
May 26 2023, 10:58 PM
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