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Stellantis CEO: 'very tough' battle ahead against Chinese rivals
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Stellantis CEO: 'very tough' battle ahead against Chinese rivals
May 22, 2024 1:19 AM

MUNICH, May 22 (Reuters) - Stellantis ( STLA ) expects

a major battle with Chinese rivals in the European market for

electric vehicles and expects significant social consequences as

a result, the group's Chief Executive Carlos Tavares said on

Wednesday.

"We are not talking about a Darwinian period, we are in it,"

Tavares said at the Reuters Events Automotive Europe conference,

adding the price battle with Asian rivals would be "very tough".

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