China: the country’s automotive market dominated by electric vehicles

The “Auto Shanghai 2023” motor show opens on Tuesday, April 18 in China. The journalist Arnauld Miguet, present on the spot, explains that “It’s the meeting of the year for the automotive planet. The first show, here in China, of the post-Covid era, since the opening of the borders. Suffice to say that there are people who rushes here. China is the biggest market in the world: 27 million vehicles sold last year. That’s double Europe.”.

The “ultra-competitive market” for electric vehicles

“What dominates this year is the electric car. China is the country where the electrification of the vehicle fleet is the most advanced. An ultra-competitive market, with hundreds of start-ups whose names are still unknown in France, such as Nio, Xpeng or BYD. Historical manufacturers, whether French, German or American, are still struggling to find a place in this market. The show opens its doors until April 27”concludes Arnauld Miguet.