A major European aluminium producer has warned that the increasing numbers of imported electric cars from China could have a big impact on regional demand.
Hilde Merete Aasheim, chief executive of Norsk Hydro, said the company was paying attention to this risk. “The fear when it comes to [electric vehicles] is imports into Europe and the impact on European car manufacturers. There is quite a steep curve right now,” she told the Financial Times in an interview.
“That is a threat that we are following: if European automakers start reducing their demand [for aluminium] because they are outcompeted,” she said.
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