the market by undercutting

the market by undercutting

Blog Article

the market is likely to evolve similarly to that of gasoline cars, where companies like those from South Korea entered the market by undercutting prices and using imitation to gain market share Among the emerging forces, Chinese EVs stand out the most. Backed by substantial government subsidies and aggressive investment, China’s NEV industry has developed at an exceptional pace, outpacing global average growth. In 2020, China’s share of global new energy passenger vehicles saw a major shift. In 2021, China maintained a strong global share of 52.4%. In 2022, its global share exceeded 63%, and in the next year, it reached 64%. Last year, the figure surged further to 70.1%. In the first quarter of 2025, China continued to hold a high global share of 67.7%, a year-over-year increase of 5.4 percentage points. สล็อต