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A report from consultancy KPMG forecast that Chinese carmakers are expected to capture around 15% of Europe's EV market by 2025, as established players such as BYD and emerging companies such as NIO and Li Auto gain popularity among European consumers.
This would mark a big step forward as Chinese marques accounted for less than 10% of the 1.1 m BEVs sold in Europe in 2022, KPMG said.
Europe is the world's second-biggest and fastest-growing E...
A report from consultancy KPMG forecast that Chinese carmakers are expected to capture around 15% of Europe's EV market by 2025, as established players such as BYD and emerging companies such as NIO and Li Auto gain popularity among European consumers.
This would mark a big step forward as Chinese marques accounted for less than 10% of the 1.1 m BEVs sold in Europe in 2022, KPMG said.
Europe is the world's second-biggest and fastest-growing E...
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