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Mercedes CEO Says Brand Sticking With China for the Long Haul

The Truth About Cars

& "The major players in the global economy, Europe, the U.S. With the global situation looking increasingly hectic and economies in varying degrees of disarray, there are a lot of questions about the future landscape of business. This purchasing power should benefit us." influence.&

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Nearly one in five cars sold worldwide in 2023 was electric: IEA | Autocar Professional

Baua Electric

Battery electric cars accounted for 70% of the electric car stock in 2023, states the IEA annual report of the EV global parc. Chinese car makers can undercut rivals in Europe because their production costs are heavily subsidised. Chinese companies accounted for 75% of electric car sales in 2022, and 45% in 2023.