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Europe is about to crack down on Chinese electric cars
(www.technologyreview.com)
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this post was submitted on 26 Sep 2023
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EVs are more the just batteries and both Volkswagen and BMW have set up production lines for EVs they developed themself. That is certainly investment. However they are using batteries from other companies. They are catching up with tesla and BYD by also setting up battery factories now. It is a bit late, but maybe not too late.