Car parts maker Valeo posts lower first-quarter sales on weak EV demand – ET Auto
Baua Electric
APRIL 25, 2024
Car parts makers face slowing auto production, leaving suppliers with excess capacity, and are striving to reduce costs, including laying off workers, as Chinese EV makers expand in Europe. It reported quarterly sales of 5.43 As a result, EV high-voltage activity almost halved in the quarter, the CEO said.
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