Shut Out of US Market, Chinese Automakers Flock to Europe
As Chinese brands double their European market share in a year, experts say Europe’s carmakers should be barred from relying on China.
TL;DR
- 20 Chinese automakers exhibited at the Paris Motor Show, a doubling from two years prior.
- Chinese brands constitute about one-third of manufacturers at the show.
- The Paris Motor Show is important for Chinese brands to gain international recognition.
- Europe is the most lucrative market for Chinese automakers due to US tariffs.
- Gaining a foothold in Europe is critical for the survival of Chinese automakers.