Wednesday, July 24, 2024

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Chinese EV boom and its impact on the European market

Are you passionate about the e-mobility sector? Dive into our latest interview where Sylwia Ziemacka sits down with Filip Materek, Senior Battery Consultant, and Junhyuk Choi, Project Manager at Alexec Consulting, to explore the competitive dynamics between Europe and China in the electric vehicle (EV) industry.

The overall EV market was established around 12 years ago, with the premiere of Tesla Roadster. But, for the last 4 or 5 years, there has been significant growth in the market, specifically in Europe and China, followed by the United States. The last four years and in particular since the pandemic have been really critical for this sector as the ramp up of new e-vehicle sales has really increased.

In 2023, there were 14 million e-vehicles (fully battery electric vehicles and plug in hybrid electric vehicles). And this accounted for 18% of total new vehicles. 95% of those vehicles were sold in China, Europe and the United States. China is currently leading the way. It has already achieved 40% of new vehicle sales as EVs.

Key Discussion Points:

👉How does the current picture of the electric car market shape up?
👉How have Chinese electric vehicle manufacturers managed to gain a competitive edge in the global market?
👉How Chinese manufacturers have lowered e-vehicle prices by focusing on customer needs.
👉What specific advantages do Chinese EV companies have over their European counterparts?
👉What role do government policies and incentives play in the success of Chinese EV manufacturers?
👉In what ways could the rise of Chinese EV manufacturers pose a threat to the European automotive industry?
👉What opportunities could arise for European businesses from the competition with Chinese EV manufacturers?
👉How should European policymakers and businesses respond to the growing presence of Chinese EVs in their market?
👉What can European automakers and battery manufacturers learn from their Chinese counterparts to develop their products more quickly and cost-effectively?
👉What are the key strengths and challenges of the Polish battery value chain?

Join us in exploring the intricate dynamics of the electric vehicle market and gain valuable insights from industry experts. Don’t forget to like, comment, and subscribe for more in-depth discussions on the future of e-mobility! #EV #ElectricVehicles #EMobility #ChinaEV #EuropeanMarket #AutomotiveIndustry #BatteryTechnology #SustainableTransport #AlexecConsulting #IndustryInsights

Sylwia Ziemacka
Sylwia Ziemacka
“I believe our unique selling point is that we focus on what brings us together. Poland Weekly offers something you will not find anywhere else: a truly international and unifying perspective focused on content that builds cooperation and mutual understanding. This attitude doesn't make us naïve, but it allows us to focus on mutual understanding and a search for solutions. There are so many new challenges that we are all facing, such as energy transformation, climate change and supply chain disruption, to name but a few. By working together and sharing good practices, we can achieve so much more.”