China-made vehicles will comprise a quarter of Europe's EV sales this year, study shows [MSNBC.com]
BYD CO LTD UNSP/ADR (BYDDY)
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Source: MSNBC.com
In this articleA BYD Co. Atto 3 electric sport utility vehicle (SUV) on day two of the Geneva International Motor Show in Geneva, Switzerland, on Tuesday, Feb. 27, 2024.Bloomberg | Bloomberg | Getty ImagesChina-made electric vehicles will make up more than a quarter of the EV sales in Europe this year, with the country's share increasing by over 5% from a year earlier, according to a new policy analysis.About 19.5% of battery-powered EVs sold in the EU last year were from China, with close to a third of the sales in France and Spain constituting EVs shipped from the Asian country, the European Federation for Transport and Environment (T&E) reported in apaperThe share of made-in-China vehicles in the region is expected to rise to just over 25% in 2024, according to the T&E research, as Chinese brands such as BYD ramp up theirglobal expansionWhile most EVs sold in the EU are from Western brands such as Tesla, which manufactures and ships EVs from China, Chinese brands alone are set to a
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