Showing posts with label New launching electric cars in UK. Show all posts
Showing posts with label New launching electric cars in UK. Show all posts

Saturday 10 September 2022

Chinese Electric Cars Are On The Rise And Knocking At The UK's Door

Chinese Electric Cars Are On The Rise And Knocking At The UK's Door..





Electric cars are becoming increasingly popular in China, with sales of the vehicles rising by 70% in 2018. This trend is set to continue, with the Chinese market for electric vehicles expected to be worth $41 billion by 2025.


The rise of Chinese electric cars is having a knock-on effect in other countries, including the UK. UK sales of electric cars have increased by 37% in the last year, with Chinese-owned brands such as BYD and Geely leading the charge.


The UK is seen as a key market for Chinese electric car manufacturers, as it is one of the largest markets in Europe. The UK government is also supportive of the Switch to Electric campaign, which is helping to increase the number of electric cars on British roads.


With Chinese electric cars on the rise, it is only a matter of time before they start to make a significant impact in the UK market.


While many people consider Tesla to be the greatest invention since fish gained legs, I'm not the only hack who has been predicting that the Chinese would soon invade the West, using their knowledge of battery technology, their command over the sources of raw materials, their economies of scale, and their low labour costs to outsmart and outprice the well-established European automakers.



I attended the unveiling of Chinese technology giant BYD's formal debut to the European auto market during the same week that I drove a £26,000 battery-electric family hatchback from MG that was made in China. This year marks the start of its foray into the UK market.


As we were bombarded with data regarding the automobile division of the 27-year-old, publicly-listed, Guangdong-based Chinese manufacturing behemoth, a colleague remarked, "That was scarily credible."


I'm not sure whether you've heard of a two-year waiting list for the BMW i4 or the Volkswagen ID.3, but BYD intends to have cars available for purchase and delivery this year.

Exness: The Trusted and Reliable Forex Trading Platform

Exness: The Trusted and Reliable Forex Trading Platform Forex trading has become one of the most popular investment opportunities in recent...