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Schaeffler says EV boom gives way to rise in hybrid demand

Schaeffler name on wheel Bloom Arc 2024
(BLOOMBERG)
B
By:
Bloomberg
August 07, 2024 09:26 AM

Schaeffler is slowing the ramp-up for components for full-electric vehicles as drivers in the U.S. and China prefer to buy hybrid vehicles with growing uncertainty around the speed of EV uptake.

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