Thursday, June 8, 2023

Chinese electric cars invade Germany

Germany is one of the European countries that has surrendered to the advent of Chinese electric cars. And that is that in the first quarter of this year, the number of vehicles sold has more than tripled as compared to the same period last year. Do the Chinese eat us?

Germany’s official statistics office is the one that has revealed that 28.2% of electric cars imported into the country during the first quarter of this year 2023 came precisely from China. This figure contrasts with the 7.8% registered in Germany during the same period by 2022, which explains China’s growing presence in global control of ‘0 emission’ vehicles.

Electric cars aren’t the only thing coming to China from Germany

Germany’s challenges go far beyond importing electric cars. And is that the data shows a decrease of 23.9% in German exports of new vehicles to China compared to the same quarter last year. But China’s dominance in Germany is not only focused on electric cars, as the said report also shows that 86% of computers, 67.8% of smartphones or 39.2% of lithium-ion batteries that arrived in Germany in the last quarter of the year are original. Basically from China. This explains the growing dependence on Chinese imports, raising further concerns for the German economy.

“Many products for everyday life, but also goods for the energy transition, now largely come from China,” said the official statistics office.

BYD wants to be the world’s biggest electric car maker

The number of electric cars ‘made in China’ and sold outside its borders is expected to increase significantly in the coming years. Local manufacturers exported some two million vehicles last year, four times the 2010 figure.

Giant BYD is the one that is reaping the most revenue from demand for Chinese electric cars outside its borders. It exported 56,000 units last year, but it already has Tesla, which it wants to position itself as the biggest maker of electric cars. Another major firm is NIO, which is also rapidly expanding its range and has already confirmed the launch of new sub-brands to sell affordable electric cars in Europe. Although he also seems to have noticed the United States.

Nation World News Desk
Nation World News Desk
Nation World News is the fastest emerging news website covering all the latest news, world’s top stories, science news entertainment sports cricket’s latest discoveries, new technology gadgets, politics news, and more.
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