Europe and Japan face up to China EV threat

Some of the world's largest auto markets may need to brace for a Chinese invasion

Europe and Japan face up to China EV threat
BYD sold 37.4pc of all EVs in China in Q1 2023. (Image: UnSplash)

Exporting cars to China is an increasingly tough business. Defending against imports from the Middle Kingdom could be ever harder.

In 2017, China’s auto industry had a trade deficit of $37bn. By 2022, it had swung into a $7bn surplus as imports slumped and exports took off. China imported 0.9mn vehicles in 2022, a 30pc drop compared to 2017.


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