Chinese EVs threaten dominance of European car giants
The popularity of cheaper electric cars from companies such as BYD is becoming a serious problem for the likes of BMW and Volkswagen – and the EU itself.
As the world’s car makers gathered in Munich this month for the International Motor Show Germany, it was impossible not to sense the shifting tectonic plates underneath Europe’s $650 billion industry.
With COVID-19 travel restrictions now a thing of the past, Chinese execs descended in numbers. About 50 companies made the trip, more than twice as many as the previous Munich expo. It was the largest delegation China has fielded at any automotive fair.
Hans van LeeuwenJournalistHans van Leeuwen is international economy editor for The Telegraph UK. He was previously The Australian Financial Review’s Europe correspondent.
