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Auto Shanghai 2021: German carmakers fully committed to EVs

According to a study by the consulting firm Ernst&Young (EY), which was published in time for Auto Shanghai 2021 that’s currently underway, German car manufacturers have weathered the COVID-19 crisis comparatively well. According to the study, Daimler, Volkswagen, and BMW, with a combined decline in sales of ten percent, a drop in unit sales of 14 percent, and a decline in operating profit of 26 percent, have performed significantly better on average than major carmakers in other countries.

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