Carmakers focus on China for electric vehicle exports to Europe
By Marcus Williams2020-10-26T09:18:00
A growing number of carmakers are looking to China for the production of electric vehicles (EVs) destined for sale in Europe, including Tesla, BMW and Renault.
China is leading the world in the development and manufacture of EVs and has a well-established supply chain for their production, particularly in the supply of lithium-ion batteries.
It is looking at being the world’s number one producer, exporter and user of ‘new energy vehicles’, as the Chinese government terms EVs, plug-in hybrids and fuel cell vehicles. That has been helped by government policy to encourage EV sales and production, which has led to significant growth in the segment.