Forvia fears more Chinese EV brands will fail

WM Weltmeister 5 — Chinese EV startup WM Motor filed for bankruptcy last month, marking the demise of a promising standout in the country's competitive electric-car market. (WM MOTOR)

November 16, 2023 05:00 AM

The threat of failure of Chinese EV brands in the country's oversaturated battery-electric sector is causing supplier giant Forvia to spread out its business.

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