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German EVs gain traction in China despite initial setbacks – DIGITIMES

German EVs gain traction in China despite initial setbacks – DIGITIMES

 

Defying the naysayers, German electric car manufacturers have seen a promising surge in sales within the Chinese market.Despite initial challenges, the performance of German EVs in 2023 outpaced the market average. Meanwhile, domestic Chinese brands struggled to meet sales targets.According to recent statistics from PwC, German automakers witnessed a remarkable 47% year-on-year growth in global sales of pure EVs in 2023. This growth translated to a 2% increase in their global market share, reaching an impressive 14%.Notably, the Chinese market… 

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