People’s Daily: Chinese Electric Cars Are Knocking On the Doors of the European Market

People’s Daily: Chinese Electric Cars Are Knocking On the Doors of the European Market

Chinese electric cars become as popular in Europe as cell phones and household appliances from the Celestial Empire. According to the People’s Daily, in the Old World Chinese vehicles using new energy sources already account for 10% of total sales of this type of vehicles.

After cell phones and electric household appliances, Chinese electric cars may become a new growth point in exports of electromechanical products. According to People’s Daily, according to data released by China’s General Administration of Customs, the volume of China’s electromechanical exports in the first 10 months increased 9.6% over the same period last year. Exports of electric vehicles reached 116.2 percent, doubling.

Data from China’s General Administration of Customs show that in the first eight months of this year, the three big markets for Chinese new-energy vehicle exports were Belgium, Britain and Thailand.

“China’s electric cars already make up 10 percent of total new-energy vehicle sales in Europe,” said Chen Shihua, deputy secretary of the China Automobile Manufacturers Association. According to statistics, about 10 automakers in China are currently exporting electric cars to Europe and have also gained wide acceptance.

According to a recent research report published by PwC analysts, the sales volume of Chinese-made cars in Europe could reach 800,000 by 2025, most of which will be electric cars.

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