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As Europe pushes to

phase out combustion-engine cars, one of the regions biggest automakers warns that their battery-powered replacements are still too expensive to avoid demand destruction.

Stellantis NV seeks to cut the cost of making electric vehicles 40% by 2030, Chief Manufacturing Officer Arnaud Deboeuf said Wednesday. The firm plans to produce some parts in-house and also pressure suppliers to cut the cost of their products.

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