Europe can be flooded with Chinese electric cars

12 Aug 2022 at 15:38 I Paid content

Both Norway and Germany are gateways.

Until recently, there was no interest in Chinese cars in Europe. However, the situation is changing. They no longer have to beg large dealer networks, but choose themselves through which to enter the market.

This is due to the declining volume of new car sales in Europe. The reason is not only the supply crisis, but also the limitation of the production of cars with combustion engines and the transition to more expensive electric cars. Interest in them is growing, but in significantly smaller numbers.

Dealers are starving, so to speak, and at the same time looking for a way to ensure the supply of new cars to customers. As it seems, they found the solution in Chinese electric cars.

Of the 1.2 million new electric cars in Europe last year, 16 percent were imported from China. It is estimated that the share will double this year.

The union of two big players

A few days ago, the Chinese automobile giant Great Wall Motor announced its arrival in Europe.

He entered into cooperation with the largest European dealer, the Swiss group Emil Frey, which has also been operating in Slovakia since 2016 and covers the sale of cars of the Stellantis concern. The information was brought by the German weekly Automobilwoche.

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