Investments of Chinese Brands in Europe
Conclusion zamAt this time, Chinese automobile manufacturers began to make special investments in European countries. The rise of Chinese automobile manufacturers, whose new brands we start to see every day in Turkey, continues in Europe. Chinese brands, which have gone through a successful transformation with electric cars, put other manufacturers in a difficult situation with the affordable models they launch.
New Move from European Manufacturers
Volkswagen, Renault and Stellantis are considering the possibility of coming together to produce cheaper electric vehicles. The report states that the details will become clear within a few months. Stellantis CEO Carlos Tavares said that companies that are not suitable to face Chinese competition in the future will be in a difficult situation.
2024 Challenges and Prospects
There are a number of obstacles affecting the sales of electric vehicles in 2024, and automakers are unprepared for it. Problems include some governments reducing or eliminating electric vehicle incentives and sales falling. Another challenge is stricter emissions rules coming into force in the EU next year. These rules force manufacturers to produce more electric vehicles.
