Automotive

Reuters examines how Chinese EV makers make foray into Europe

Reuters examined how China’s electric carmakers are darting into Europe, hoping to catch traditional auto giants cold and seize a slice of a market supercharged by the continent’s drive towards zero emissions. Nio Inc, among a small group of challengers, has launched its ES8 electric SUV in Oslo – the first foray outside China for a company that is virtually unheard of in Europe even though it’s valued at about $57 billion. Other brands unfamiliar to many Europeans that have started selling or plan to sell cars on the continent include Aiways, BYD’s Tang, SAIC’s MG, Dongfeng’s VOYAH and Great Wall’s ORA. 

Article Tags
Topics of Interest: Automotive
Type: Reuters Best
Sectors: Equities
Regions: AsiaEurope
Countries: China
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Major Global Story
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