European Carmakers Shift to Smaller EVs to Be Competitive
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Battery technology improvements and lower manufacturing costs have finally made it possible for European automakers to produce compact electric vehicles at affordable prices. These smaller models fit comfortably on the tight city streets of major European capitals, where larger vehicles struggle.
It remains to be seen whether companies like Ferrari N.V. (NYSE: RACE) that cater to niche markets will also rethink their model designs in&
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