Chinese electric vehicles gaining European market share; regional EV expansion

JPMorgan forecast Chinese smart car makers like BYD will control 20% of Western European market by 2028. Simultaneously, Hong Kong and mainland Chinese companies launched electric minibus services targeting Asian markets, reflecting broader regional shift toward EV manufacturing and Chinese automotive expansion.

Sources

• Chinese smart cars set to control 20% of western European market by 2028: JPMorgan South China Morning Post · China
• Hong Kong firm eyes untapped market with launch of tailor-made electric minibus South China Morning Post · China
• Chinese automaker Chery to launch EV brand with Japan's Autobacs Seven Nikkei Asia · Asia

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