Tag: Competition in EV market

Chinese EV (electric vehicle) manufacturers are setting their sights on Europe’s rapidly growing EV market. Sales in Europe have surged by 55% in the first seven months of 2023, with approximately 820,000 EVs sold, constituting 13% of total car sales. Chinese companies, including BYD, Nio, and Xpeng, are expanding their presence in Europe, with Xpeng…