Europe now a popular destination for Chinese EVs

Europe, the birthplace of modern vehicles, is the most popular destination for Chinese electric car makers, as they step up efforts to go overseas, said experts and diplomats at the China International Fair for Trade in Services.

China’s vehicle exports hit 2 million in 2021, according to statistics from the China Association of Automobile Manufacturers.

Of those, around 500,000 units were passenger new energy vehicles, and half of them were shipped to European countries, said Zhao Zizhong, vice-president of Economic Daily.

Chen Jingyue, executive vice-president and secretary-general of the China-Europe Association for Technical and Economic Cooperation, said China is growing into an automotive power in the NEV segment due to the country’s competitive edge in electric motors, batteries, and other key parts.

She said the size of European markets and local policies on phasing out gasoline vehicles are presenting unprecedented opportunities for Chinese carmakers.

Last year, NEV sales in Europe reached 2.3 million units, accounting for 19 percent of total vehicle sales in the year.

In July, Europe proposed to sell only new cars and vans with zero emissions from 2035.

“We should seize the opportunity and step up our efforts to build a long-term advantage in EV exports,” said Chen.

This report’s information was first seen on ChinaDaily; to read more, click this link.