'China Has A Better Offer' - Can Europe Combat A Flood Of Chinese EVs?

 

Climate-conscious car buyers in Europe who are grappling with a cost of living crisis talk wildly about how Chinese EVs are affordable yet packed with features.

While looking to replace her French-made gasoline-powered SUV with an electric car, Laima Springe-Janssen of Copenhagen, Denmark, considered models from Nissan and Volvo.

But she ended up buying a compact SUV from China’s BYD, that she says comes with a lot of features, including a 360-degree dash cam and an extra set of a winter tires.

Her enthusiasm underscores how Chinese automakers are winning over drivers as they make major inroads into Europe’s electric vehicle market, challenging long-established homegrown brands in an industry that’s key to the continent’s green energy transition.

Beijing Protests EU’s Decision To Probe Exports Of Chinese EVs

Climate-conscious car buyers in Europe who are grappling with an increased cost of living talk wildly about how Chinese electric cars are affordable yet packed with features and stylish design. The competitive threat has compelled the EU to launch a probe.

The bloc has decided to investigate government subsidies provided to Chinese automakers that it contends keep EV prices artificially low.

However, China’s Commerce Ministry has protested the decision to probe exports of Chinese EVs, saying it is a “protectionist” act meant to distort the supply chain.