Chinese brands could make headway in the world's largest economic trading bloc. EV CarGuidePH
Chinese brands and Chinese made vehicles may soon invade Europe en masse to the tune of 800,000 units by 2025 thanks to the economic bloc’s shift to all-electric vehicles. This is based on aThis development will turn Europe to a net importer of cars with a 2025 import surplus of more than 221,000 vehicles. This is compared to the economic bloc being able to export around 1.7 million vehicles in 2015.
Of the potential 800,000 Chinese-built cars, about 330,000 would be from Western automakers such as Tesla, BMW, and Renault Group, all of which currently export EVs to Europe from China, including the Tesla Model 3 and the BMW iX3. Earlier efforts by Chinese brands to enter the European market have largely failed, but China’s growing expertise in EVs could become a competitive advantage this time around.Of course, much of China’s expansion into the European carmaker depends on how well the brands are perceived. As of the moment, Chinese brands are still relatively unknown in Europe.
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