“The Rise of China’s Electric Car Market: Implications for Global Car Exporters”

2023-04-27 08:12:32

The world changes. And it’s true that you have to take a quick trip to Shanghai to realize it even more vividly.

So why do I say Shanghai? Quite simply because it is there that the Chinese Motor Show closes its doors today. And it’s true that my colleagues from Le Figaro tell us that visitors to this show were able to see 1,000 manufacturers lined up on the starting blocks with 150 new models, most of which, it’s true, are electric.

So I’m telling you about it today. For what ? As much as the Japanese and South Korean manufacturers have succeeded in imposing their brand, be it Toyota, Nissan or Kia, it was still unthinkable for a European citizen to imagine driving a car made in China not long ago.

I quote (analysts and specialists in the automotive sector): “You ride without worry in a Japanese elevator. Did you show up with the same peace of mind in a Chinese elevator?”

Obviously, people were saying no, not long ago. But this anecdote is nothing more than a bad joke. Today is a bad memory.

Again, for a very simple reason: the latest statistics this week show that China will soon become the world’s largest car exporter. China is overtaking even Germany and will try to dethrone Japan, which is still the world’s leading car exporter, but not for long, according to its specialists. So because of what? Read more in the Economic Chronicle above.

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