Chinese automakers are winning over drivers as they make major inroads into Europe’s electric vehicle market.
Ex-St. Johns County fire chief who says he was forced to resign speaks out at commission meeting, gets public supportFile - Passengers wait near a hybrid luxury SUV from China automaker Lynk&co displayed at the train station in Hangzhou in eastern China's Zhejiang province on Monday, July 3, 2023.
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.
One reason Chinese companies can offer high-quality cars at affordable prices stems from the rules to enter the Chinese market. Global automakers had to team up with local companies, providing them crucial automaking knowhow.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
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.
Read more »
Kenya seeks more Chinese loans at 'Belt and Road' forum despite rising public debtKenya’s President William Ruto is seeking $1 billion more in loans from China, despite rising public debt that has now reached $68 billion. He's in Beijing for the summit of the Belt and Road Initiative, China's ambitious plan to connect Africa, Asia and Europe through massive infrastructure and energy projects.
Read more »
Europe: E-Bikes Categorized As Bicycles Not Motor VehiclesIn Europe, a recent ruling by the EU Court of Justice has determined e-bikes to be classified as bicycles and not motor vehicles
Read more »
Europe: E-Bikes Categorized As Bicycles Not Motor VehiclesIn Europe, a recent ruling by the EU Court of Justice has determined e-bikes to be classified as bicycles and not motor vehicles
Read more »
Chinese scientists take a step closer to 6G with optical switchInteresting Engineering is a cutting edge, leading community designed for all lovers of engineering, technology and science.
Read more »