Chinese-Made EVs to Claim Bigger Share of EU Market in 2023
A report authored by Fitch Solutions suggests that electric vehicle makers from China have set their eyes on the European mass market and could make significant inroads next year, followed by an even bigger onslaught in the years to come. The report says that the Chinese automakers are likely to find a harder time breaking into the premium EV market, but that goal isn’t an altogether impossible one once the vehicle makers establish themselves in the mass market segment of the industry. This is because premium market buyers who are used to cruising around in Audis, BMWs, Porsche or Mercedes…