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'Godfather Of EVs' Warns Against Hybrid Focus As China Leads EV Race: 'Tariffs Just Make Indigenous Industry Lazy'

Benzinga LogoBenzinga1d ago

'Godfather Of EVs' Warns Against Hybrid Focus As China Leads EV Race: 'Tariffs Just Make Indigenous Industry Lazy' - Benzinga

Quick Summary:

What Happened: Palmer, a former Aston Martin (OTC:AMGDF) CEO and Nissan (OTC:NSANY) executive, highlighted the rapid advancements made by Chinese automakers like BYD (OTC:BYDDY) in the electric vehicle market.

Amid the global shift towards electric vehicles, Andy Palmer, often referred to as the “godfather of EVs,” has issued a cautionary note to automakers.

These companies have gained significant ground domestically by offering cost-effective and technologically advanced vehicles.“The Chinese cars are bloody good.

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'Godfather Of EVs' Warns Against Hybrid Focus As China Leads EV Race: 'Tariffs Just Make Indigenous Industry Lazy' - Benzinga (Picture 1)

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Article Details

Author / Journalist: Pooja Rajkumari

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-26 @ 07:26:07 (1 days ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 481 words

Reading Time: 3 minutes read

Sentences: 23 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 24669549

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Main Topics: Technology

Official Website: benzinga.com

Update Frequency: 7 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #53

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