Chinese electric car sales surge to a record high in Europe
Chinese electric car sales have surged to a record high in Europe, with 172,000 state-subsidised imports reaching the region in the year to May. This significant increase in sales has taken a 14% market share, indicating a growing demand for Chinese electric vehicles in the European market. The low tariffs in the UK and a surge in buyers in Italy are major factors contributing to this growth, which could have implications for the European automotive industry and trade dynamics.
Read the source report: The Guardian
Open the live MeridStreet terminal →