China-made vehicles will comprise a quarter of Europe's EV sales this year, study shows
Publishing timestamp: 2024-03-28 02:56:22
Summary
The share of Chinese-made vehicles in Europe is expected to rise to 25.3% by 2024, with Chinese brands like BYD expanding their footprint. Tariffs may need to be raised to make Chinese EVs more expensive than EU equivalents. European Commission is investigating subsidies given to Chinese EV makers. EU may need to become more self-sufficient in battery cell production for domestic EV industry. China-based manufacturers like Tesla and BYD are ramping up manufacturing efforts in Europe.
Sentiment: MIXED
Keywords: breaking news: technology, eu, business news, byd co ltd, technology, electric vehicles, tesla inc, china,