Share of Chinese brands in Western European NEV market to reach 9% this year – research
DATA VIEWS & ANALYSIS
Share of Chinese brands in Western European NEV market to reach 9% this year – research
DATA VIEWS & ANALYSIS

Share of Chinese brands in Western European NEV market to reach 9% this year – research

 

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Chinese automotive brands are actively expanding overseas and although fuel vehicles are still the majority of the exports, the proportion of new energy vehicles had exceeded 25% as of the end of the first quarter of 2023, making them the focus of future expansion into overseas markets, according to a study by TrendForce,. 

The estimates that the market share of Chinese brands in the Western European new energy vehicle market is expected to increase from 6% in 2022 to 9% in 2023.