Chinese electric car companies target expansion in Europe while competition heats up at home

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Chinese start-ups Nio and Xpeng remain intent on plans to sell electric cars to Europe this year.

in the second half of this year. And on Monday, co-founder and president Lihong Qin said the company expects to make an official announcement about such an expansion within a month.

Later this year, Xpeng hopes to see how customers in northern Europe respond to its P7 electric sedan, said He Xiaopeng, chairman and CEO. He is recruiting new staff and plans to set up a company in the region, before looking at western and eastern Europe. China accounted for less than 2% of the EU's passenger car imports in 2019 and the 865 million euros in value marks 79% growth from the prior year, according to theIn contrast, EU-owned automobile manufacturers made almost 6 million passenger cars in China in 2018, for almost a quarter of total Chinese car production,The Chinese start-ups' venture overseas comes as the market heats up at home.

 

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Buying a Chinese car is throwing money away.

Hopefully the car battery is made by another manufacturer than this:

Does anybody really want or trust a vehicle made in China..I don’t even want Huawei phone .

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