Europe's auto industry faces historic trade deficit amid electrification shift

Nuying Huang, Taipei; Vyra Wu, DIGITIMES Asia Monday 5 August 2024 0

Credit: AFP

Europe's automotive industry is poised to face a historic turning point in 2024, with imports expected to surpass exports for the first time in decades. This looming trade deficit in automotive parts is largely driven by the rising import of electric...

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