Chinese automakers are winning over drivers as they make major inroads into Europe’s electric vehicle market
LONDON — When Laima Springe-Janssen was looking to replace her French-made gasoline-powered SUV with an electric car, she considered models from Volvo and Nissan.
The competitive threat has spurred the European Union to launch an investigation into Beijing’s support for its EV industry. That adds to tech-related tensions between the West and China, which is one of Europe’s biggest trading partners and the world’s biggest auto market. British retiree John Kirkwood replaced his Volkswagen Passat three years ago with an MG5 station wagon because the 30,000-pound price tag “wiped the floor” with its nearest rival — a Kia that cost thousands more.
The surge is stoking fears about Europe’s automotive industry, an economic powerhouse centered in France and Germany that employs millions of workers, staying competitive as it transitions from fossil fuels to electricity. Complicating matters, global automakers build vehicles in China and have exported 164,300 this year to Europe, including BMW’s iX3 SUV made in northeastern Shenyang and Tesla’s Model 3 and Y produced in Shanghai, according to Schmidt’s data. That means one in every five EVs sold in Europe is a Chinese import.
Aiways is focusing on Europe and Israel instead of China, where the auto market is so crowded that “we don’t think it makes sense to compete right now,” Klose said.
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Europe is looking to fight the flood of Chinese electric vehicles. But Europeans love themChinese automakers are winning over drivers as they make major inroads into Europe’s electric vehicle market. They're challenging long-established homegrown brands in an industry that’s key to Europe’s green energy transition.
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Europe is looking to fight the flood of Chinese electric vehicles. But Europeans love themChinese automakers are winning over drivers as they make major inroads into Europe’s electric vehicle market.
Consulte Mais informação »