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Fear of cheap Chinese EVs spurs automaker dash for affordable cars
(www.reuters.com)
So they CAN make cars cheaper. I bet they still post profit while claiming they're losing money.
Somewhat unrelated: IINM most Europeans don't drive even a quarter of the max range of EVs on most of their trips. The current range of EVs should be just fine it you plug it in every day like your phone. Getting an EV that can get you to work and back or to a friend and back without charging should already allow to buy an EV that's quite affordable.
This is a most excellent place for technology news and articles.