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“Contributing to the short-term over-capacity issue is that manufacturers rushed to build out capacity ahead of demand to (a) capture stimulus funding and (b) try to drive scale to reduce cost. “In the near-term, we expect to see some consolidation in the battery industry, with a few leaders taking the lead.
The only exception to this geographical intra-Europe rule was Ukraine, entering the Top 10 in 2016-2018 on the power of grassroots-driven lively market of second-hand EV imports, which seems to have stalled in 2019-2020. France’s autoindustry is probably the largest Western autoindustry that goes completely under the radar in the US.
However, these results are being driven in part by elevated incentive levels, which represent a meaningful risk to the long-term health of the autoindustry. Elements in the forecast inlude: The seasonally adjusted annualized rate (SAAR) for retail sales in November 2016 is projected to reach 13.9 million units, up from 13.8
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