Some nations in the European Union are regretting the bloc’s aggressive push for electric vehicles, saying demand outstripping production has allowed China to step in and fill the gap.
China is already the world’s largest automakers, a title Detroit held until the 1970s.
According to the latest comprehensive figures available, China produced 27 million vehicles in 2022 , roughly the same number as the next four countries combined – Japan, the U.S., India, and South Korea.
Top Chinese brands SAIC Motor , Dongfeng , FAW Group , and Changan will have to go a long way to match the name recognition of U.S.-based General Motors , Ford , or Tesla or European brands like Volkswagen , Mercedes-Benz , Ferrari , or Porsche .But it’s not name recognition the old-world companies are worried about.In the latest period, Chinese companies produced around 5.5 million fully electric vehicles , roughly half the world’s total production […]
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