Automakers such as BYD Co., Nio Inc. and SAIC Motor Corp. are looking overseas to boost deliveries as sales slow at home, according to Counterpoint Research.
“If you exclude China, by far the biggest market for EVs globally is Western Europe,” said Ethan Qi, associate director at Counterpoint Research.
Chinese manufacturers’ share of EV sales in countries excluding China will likely top 10% in third quarter, Counterpoint said, up from 9% last quarter, when US brands led by Tesla Inc. held 35% and German carmakers had 22%….Read more