From Investing.com:

Europe’s automakers struggle to cut costs for electric models against lean Chinese competition at the Geneva car show. Renault and China’s SAIC and BYD showcase their electric and hybrid vehicles, with BYD’s Seal shortlisted for Car of the Year. Legacy European automakers face challenges with external suppliers and slower EV adoption rates. Stellantis CEO urges suppliers to reduce costs to stay competitive. Nickel and aluminum prices rise amid expanding sanctions, impacting raw material prices and jobs in the industry. Concerns arise over smaller suppliers’ ability to adapt to cost pressures, potentially requiring automaker bailouts.



Read more at Investing.com: Facing Chinese EV rivals, Europe’s automakers squeeze suppliers on costs By Reuters