Stellantis CEO Carlos Tavares Warns of Chinese Electric Vehicle Competition, Including Tesla
Stellantis CEO Carlos Tavares has raised concerns about the increasing threat posed by Chinese electric vehicles (EVs) to global automakers, including Tesla. Drawing comparisons to previous market disruptions caused by Japanese and South Korean automakers, Tavares highlights the emergence of Chinese carmakers as a significant competitive force in the industry. In particular, he singles out BYD, a Chinese company that has surpassed Tesla in global EV sales and is supported by Warren Buffett's Berkshire Hathaway, as a formidable rival.
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