Chinese EVs Regain Dominance as Foreign Brands Lose Ground
Domestic Chinese electric vehicle brands are reasserting their market dominance as foreign manufacturers struggle to maintain momentum despite recent gains, due to ongoing technological advantages and incentives.
International marques have failed to sustain the market share they regained in China early this year after consumers fell back in love with electric vehicles (EVs), a sector where domestic brands continue to enjoy an overwhelming advantage. Foreign carmakers from Volkswagen to Toyota held a combined 30.3 per cent share of the Chinese automotive market in April, with about 418,140 vehicles handed to local customers, according to data from the China Passenger Car Association (CPCA). In the first.....