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Top News In China Cars Today - Breaking & Trending Today
Tesla’s cars made in China passed key data security and privacy requirement in China. Previously, Tesla vehicles had faced bans from Chinese military installations and government sites over the issue of data collection. ....
Chinese electric vehicle (EV) manufacturers are expected to almost double their global market share to 33% by the end of the decade, causing Western automakers to lose a fifth of their market share, according to UBS Group AG analysts. Chinese automakers, led by BYD Co., have a cost advantage over North American and European brands, allowing them to undercut rivals. ....
Chinese Electric Vehicles: Chinese electric vehicle (EV) manufacturers are expected to almost double their global market share to 33% by the end of the decade, causing Western automakers to lose a fifth of their market share, according to UBS Group AG analysts. Chinese automakers, led by BYD Co., have a cost advantage over North American and European brands, allowing them to undercut rivals. ....
As confidence among consumers remains suppressed, Beijing is looking to ‘stabilise big-budget consumption’ of homes and cars. Analysts, however, question how effective the new measures will be if people cannot afford to spend. ....
China has announced measures aimed at boosting sales of automobiles and electronics in an effort to revive the economy which has slowed during the pandemic. The statement by 13 government agencies outlined that regions would be encouraged to increase annual car purchasing quotas and special efforts made to support sales of second-hand vehicles. ....