US carmakers are struggling to sell electric vehicles while the Chinese market powers ahead because their products are inferior, according to one of the world’s biggest battery materials manufacturers.
Mathias Miedreich, chief executive of Umicore, said sales of Chinese electric cars were surging in contrast to the US due to better performance and affordability.
“They are simply good cars and people buy them,” he said in an interview, referring to Chinese vehicles. “The American ones [producers] seem to struggle to bring good electric vehicles [to market].”
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