EconomyChinese EV brands expand in Europe, target long-term growth
Chinese automotive brands reached a record 12% of Europe’s new-car market in August, while their share in Germany rose to 6.4%, Dataforce says. High oil prices, the EU’s 2035 combustion-vehicle ban and purchase subsidies are accelerating the shift to electric models. Chinese automakers benefit from competitive prices and technology but need stronger brands, after-sales service and local distribution for lasting growth.
C
China News Service★★☆☆☆2026-09-28 03:09Original
Chinese EV brands expand in Europe, target long-term growth