EV switch will be 'burden' on suppliers, Stellantis CEO says

Citroen C3 launch 024 Arc — Stellantis is launching a range of low-cost EVs to compete with potential rivals from China. The Citroen e-C3, shown, will start at €23,300 euros. (REUTERS/REUTERS)

By:

Reuters

May 30, 2024 08:42 AM

MILAN -- The transition to electric vehicles will impose a "significant burden" on suppliers, Stellantis CEO Carlos Tavares said, as Western automakers race to cut costs and compete with Chinese peers.

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