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South China Morning Post
South China Morning Post
AsiaPac · 2 hrs ago
78◉ Centre
Chinese smart cars set to control 20% of western European market by 2028: JPMorgan
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Accuracy 78/100
Partisan intensity 25/100
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◉ Centre ✓ Fair headline

JPMorgan predicts Chinese electric vehicle makers, including BYD and Leapmotor, will capture approximately 20% of Western Europe's car market by 2028, delivering around 2.5 million vehicles annually.

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Chinese smart cars set to control 20% of western European market by 2028: JPMorgan
The pace of electrification on western Europe’s roads is likely to fire up sales of Chinese-developed smart cars, where they could command a 20 per cent share of the regional market in 2028 at the expense of local peers, according to a JPMorgan forecast. Chinese carmakers from BYD, the world’s largest electric vehicle (EV) builder, to Stallentis-backed Leapmotor, were expected to deliver 2.5 million cars to customers in countries like Germany, Italy, France and the United Kingdom in 2028, a...
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