This was reported by “Handelsblatt” (Wednesday edition) with reference to insurance data submitted to it from the People’s Republic. BMW, Mercedes and Audi failed even at the one percent barrier with 0.8, 0.3 and 0.1 percent respectively.
According to the information obtained, a total of 5.7 million electric cars were registered in China in 2022. Only about 200,000 could be assigned to German brands. The majority of electric cars sold come from Chinese manufacturers such as BYD and US rival Tesla. According to the information obtained, Tesla managed to sell more cars in China than the compact SUV Model Y, with its all-electric models, than the combined of German automakers.
According to the report, German manufacturers’ combustion vehicles are among the best-selling models in China, while Volkswagen, BMW and Mercedes have had problems selling a significant portion of their electric cars in China for years.
(SDA)
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
