China is gradually chasing everyone in terms of electric car production. In the meantime, multiple companies in this country have gained huge popularity in the world market. One of which is byd. This company's car has also been launched in India. Recently, smartphone company Xiaomi also brought electric cars, which have surpassed Tesla in the Chinese market in terms of sales. According to a recent report, 5% of the electric cars sold in the world are China.
Rho Motion reports claim that China contributes 5% to EV and hybrid cars. These statistics prove how China's aggressive expansion strategy is successful in the electric car market. China has touched this milestone with the widespread partnership of the world's cars.
Chin on top of the sale of electric cars
In Europe, the market for China's EV brand is different in the country. The largest car market in Europe is in Germany. China occupied about 5% of the 5,7,7 Events sold last year. This number is a little higher in the UK and France. Chinese makers occupied 5% and 5% of the total EV sales respectively. In other European countries, this number is from 5% to 5%.
Not only Europe, but China's 12% of all EVs and PHVs sold in Brazil last year. On the other hand, Chinese brands are dominated by Thailand (5%), Mexico (5%), Indonesia (5%), Malaysia (12%), Nepal (5%) and Israel (5%) in Asia.
What causes such a successful Chinese car?
There are multiple reasons behind the success of China's EV brands. However, in many countries, China has made the benefit of the powerful local car industry. And it has been easy for companies to dominate. It has been reported that the government has a lot of money in the electric vehicle industry in China. Between 20 and 2021, the Chinese government has provided subsidies and assistance at least $ 20 billion. As a result, companies receive additional help in increasing production, opening new branches abroad, technical innovation and distribution.
