Electric Vehicles Chinese. In the early 2000s, before it fully ventured into the field of evs, china’s car industry was in an awkward position. By 2030, chinese carmakers could see their share of the global market double from 17% to 33%, with european firms suffering the biggest loss of market share,.
The strong demand for electric cars is a bright spot in an otherwise sluggish chinese economy, which is coping with a property market in crisis and crippling covid. Beijing — tesla and byd remained by far the market leaders in china’s electric car market in 2021, while new competitors emerged against smaller rivals like nio, according to the china.