China-europe energy storage vehicle

Are Chinese electric vehicles contributing to Europe's green transformation?

BRUSSELS, June 22 (Xinhua) -- In a move towards a sustainable future, Chinese electric vehicle (EV) manufacturers are contributing to Europe's green transformation, as revealed in a groundbreaking new report.

Are China's battery makers fueling Europe's electrification drive?

However, as Europe's battery sector cannot meet the demand for electric vehicles, Chinese battery makers have stepped in to fuel the continent's electrification drive. CATL started construction on a manufacturing facility in the German state of Thuringia in 2019.

Are Chinese EV companies driving Europe's green transportation revolution?

With cutting-edge technology and robust products, Chinese EV companies are not just participating but are pivotal in driving Europe's green transportation revolution, highlighted by agreements such as BYD's deal with Swedish public transport leader Transdev AB.

Why are Chinese electric car battery makers expanding their presence in Europe?

[Photo/Xinhua] Chinese electric car battery makers are expanding their presence in Europe to support the ambitions of native governments and carmakers in electrification. Last year, 1.39 million electric cars and plug-in hybrids were sold in the European Union; more than those sold in China, the world's largest single market for such vehicles.

What is Europe doing with EV batteries?

This includes energy storage, battery reuse, smart charging and closed loop recycling. As Europe is going electric, EU governments are making heavy investments to expand their capacity in the EV battery sector, which has been dominated by Asian players, mainly from China and South Korea.

Do Chinese EV firms still consider the European market important?

*A recent report found that over 60 percent of the 30 Chinese EV firms surveyed still consider the European market critical to their global strategies and plan to invest in Europe.